Greece no longer junk status: "The final step"

Greece's time with so-called junk status on its government bonds is over, after Moody's, the last credit rating giant, raises the rating. "It signals Greece's significant progress", comments Prime Minister Kyriakos Mitsotakis.

» Published: March 15 2025

Greece no longer junk status: "The final step"
Photo: Thanassis Stavrakis/AP/TT

The Greek state was, just ten years ago, due to a debt and budget crisis, on its way to being forced to leave the eurozone. Now, Moody's, as the last of the major credit rating agencies, has raised the rating of the country's government bonds from so-called junk status.

"Moody's upgrade of Greece to Baa3 marks the final step in restoring our investment grade from all major credit rating agencies. It signals Greece's significant progress," says the country's Prime Minister Kyriakos Mitsotakis in a statement.

Greece still has the highest state debt in the EU, in relation to GDP.

"We are still fully focused on reforms that attract investments, create jobs and drive sustainable growth," Mitsotakis continues in his statement.

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By TTTranslated and adapted by Sweden Herald
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