Announcements
Drinks
6/12/2024 Rating announcement EN
Scope upgrades Greece's ratings to BBB and revises the Outlooks to Stable
Declining public debt, improved banking-system resilience and stronger trend growth drive the upgrade. Still-elevated government debt and structural economic weaknesses remain credit constraints.
12/7/2024 Rating announcement EN
Scope affirms Greece’s BBB- ratings and revises Outlook to Positive
Declining public debt, improved banking-system resilience and favourable structural-reform momentum drive Outlook revision. Very elevated government debt and sustained structural economic weaknesses remain credit constraints.
4/8/2023 Rating announcement EN
Scope upgrades Greece's long-term credit ratings to BBB- and changes the Outlook to Stable
Strengthening of European institutional support, a favourable trajectory of government debt and banking-sector reforms drive rating upgrade. High government debt, policy risks longer run and banking-system fragilities are challenges.
2/12/2022 Rating announcement EN
Scope affirms Greece's BB+ long-term credit ratings and revises Outlook to Positive
Strengthening of European institutional support, a favourable trajectory of government debt and banking-sector reforms drive Outlook revision. Very high government debt, banking-system fragilities and structural economic bottlenecks remain challenges.
10/9/2021 Rating announcement EN
Scope upgrades Greece's long-term credit rating to BB+ and revises the Outlook to Stable
European institutional support, improvements in the profile of government debt and structural reform drive the ratings upgrade. Very elevated government debt levels, banking-system fragilities and structural economic bottlenecks remain ratings challenges.
18/10/2019 Rating announcement EN
Scope upgrades Greece’s long-term credit rating to BB from BB-, Outlook remains Positive
Reform continuity and improved medium-term public debt sustainability drive the upgrade; high ratio of non-performing loans in Greek banks and weak long-term macroeconomic sustainability are constraints.
10/5/2019 Rating announcement EN
Scope upgrades Greece’s long-term credit rating to BB- from B+, Outlook Positive
Strengthened cash flow profile and debt repayment capacity, improving medium-term public debt sustainability and sustained reforms drive the upgrade; elevated financial stability risks and weak macroeconomic sustainability are constraints.
18/5/2018 Rating announcement EN
Scope upgrades Greece’s long-term credit rating to B+ from B- and changes the Outlook to Positive
Compliance with the adjustment programme, improved budgetary performance, economic stabilization and a more favourable policy environment drive the upgrade; fragile public debt sustainability and economic growth prospects are constraints.
30/6/2017 Rating announcement EN
Scope upgrades and publishes Greece’s credit rating to B- from CC and changes Outlook to Stable
Euro area membership, compliance with adjustment programme, improved budgetary performance, and preliminary signs of economic stabilization drive the upgrade; high public debt, fragile recovery prospects and banking sector risks are constraints.
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