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🇬🇷 Greece /Economy & Trade

DBRS gives Greek economy a vote of confidence, raises debt outlook to positive

From Ta Nea · () Greek

Translated from Greek and summarized by DistantNews. Read the original for the full story.

At a glance

Analysis Named sources New plan
  • DBRS raised the outlook on Greece’s BBB credit rating to positive from stable.
  • The agency expects Greece’s public debt-to-GDP ratio to keep falling, supported by economic growth and primary budget surpluses.
  • DBRS said political risk appears limited despite the possibility of a difficult government formation after next year’s elections.

DBRS has changed its outlook on Greece’s BBB credit rating from stable to positive, describing the expected decline in the country’s public debt ratio as a key reason.

The European Commission forecasts that gross public debt will fall from 143.5% of GDP in March 2026 to 134.4% by the end of 2027. DBRS said growth should remain relatively strong and that Greece is expected to continue recording sizeable primary budget surpluses.

The agency said the economy has so far coped well with the energy-price shock. Tourist arrivals continued to rise sharply in the first half of the year, while the commission forecasts real GDP growth of 1.8% in 2026 and 1.6% in 2027.

The Greek economy has so far coped well with the energy-price shock, with tourist arrivals continuing to increase sharply during the first half of this year.

· DBRSThe rating agency cited the economy’s performance and tourism growth in its assessment of Greece.

Greece’s fiscal performance has also improved in recent years. DBRS attributed that progress to strong economic growth and structural reforms that improved tax compliance and broadened the country’s tax base. Although the government introduced expansionary measures this year, including income-tax cuts, fiscal performance is expected to remain strong.

The European Commission projects a government primary surplus of 4% of GDP in 2026 and 3.7% in 2027, compared with 4.9% in 2025. DBRS noted that current polls point to a potentially difficult period for forming a government after next year’s elections, but said political risk remains limited because the main parties broadly agree on key policy issues.

Although current polls suggest a potentially difficult period for government formation after next year’s elections, DBRS considers political risk limited because there is broad consensus among the main political parties on key policy issues.

· DBRSThe agency assessed Greece’s political risk ahead of the next elections.
About this summary

Originally published by Ta Nea in Greek. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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