Scope Ratings agency is expected to publish its latest review of Greece’s creditworthiness on the evening of Friday, May 30, marking the close of the first round of sovereign assessments for 2025. The next wave of reviews is scheduled to begin in September.
In its most recent review in December 2024, Scope rated Greece at BBB- with a positive outlook. In its outlook report for sovereign ratings this year, Scope offered favorable commentary on Greece’s fiscal trajectory.
Market analysts anticipate that the agency will take into account several positive developments, including the decline in public debt, enhanced resilience of the banking sector, and ongoing structural reforms.
However, risks remain—Greece’s debt is still high, and global uncertainties are mounting, particularly due to the implementation of new U.S. tariffs under the Trump administration.
The upcoming review comes amid robust economic momentum for Greece, with growth outpacing the eurozone average—a trend also underscored by Fitch Ratings. Contributing to this positive outlook are stronger-than-expected primary budget surpluses, fueled in large part by increased tax revenues stemming from intensified efforts to combat tax evasion.
This review also follows a string of positive momentum from other major agencies. Greece received three consecutive upgrades: from Moody’s, DBRS in March, and S&P in April. Most recently, Fitch upgraded Greece’s outlook from stable to positive last Friday, signaling confidence in the country’s fiscal direction.
That shift by Fitch marks the agency’s first interaction with Greece in 2025. While it maintained the rating at BBB-, the improved outlook sets the stage for a potential full upgrade in November, possibly to the second notch of investment-grade territory.
