Greece | Credit Rating

Standard & Poor's credit rating for Greece stands at B- with stable outlook. Moody's credit rating for Greece was last set at Caa3 with stable outlook. Fitch's credit rating for Greece was last reported at CCC with n/a outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Greece thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Greece as reported by major credit rating agencies. 12/9/2016


AgencyRatingOutlookDate
TE10 Stable Apr 16 2016
S&PB- Stable Jan 22 2016
Moody'sCaa3 Stable Sep 25 2015
FitchCCC N/A Aug 18 2015
S&PCCC+ Stable Jul 21 2015
Moody'sCaa3 Negative Watch Jul 01 2015
FitchCC N/A Jun 30 2015
FitchCCC Negative Jun 30 2015
S&PCCC- Negative Jun 29 2015
S&PCCC Negative Jun 10 2015
Moody'sCaa2 Negative Apr 29 2015
S&PCCC+ Negative Apr 15 2015
FitchCCC N/A Mar 27 2015
Moody'sCaa1 Negative Watch Feb 06 2015
S&PB- Negative Watch Feb 06 2015
S&PB Negative Watch Jan 28 2015
FitchB Negative Jan 16 2015
S&PB Stable Dec 12 2014
Moody'sCaa1 Stable Aug 01 2014
DBRSB Stable Jul 11 2014
FitchB Stable May 23 2014
Moody'sCaa3 Stable Nov 29 2013
FitchB- Stable May 14 2013
S&PB- Stable Dec 18 2012
S&PSD N/A Dec 05 2012
S&PCCC Negative Aug 07 2012
FitchCCC N/A May 17 2012
S&PCCC Stable May 02 2012
FitchB- Stable Mar 13 2012
FitchRD N/A Mar 09 2012
Moody'sC Negative Mar 02 2012
S&PSD N/A Feb 27 2012
FitchC N/A Feb 22 2012
S&PCC Negative Jul 27 2011
Moody'sCa Negative Jul 25 2011
FitchCCC N/A Jul 13 2011
S&PCCC Negative Jun 13 2011
Moody'sCaa1 Negative Jun 01 2011
FitchB+ Negative Watch May 20 2011
Moody'sB1 Negative Watch May 09 2011
S&PB Negative Watch May 09 2011
S&PBB- Negative Watch Mar 29 2011
Moody'sB1 Negative Mar 07 2011
FitchBB+ Negative Jan 14 2011
FitchBBB- Negative Watch Dec 21 2010
Moody'sBa1 Negative Watch Dec 16 2010
S&PBB+ Negative Watch Dec 02 2010
Moody'sBa1 Stable Jun 14 2010
S&PBB+ Negative Apr 27 2010
Moody'sA3 Negative Watch Apr 22 2010
Moody'sA3 Negative Apr 22 2010
FitchBBB- Negative Apr 09 2010
S&PBBB+ Negative Mar 16 2010
Moody'sA2 Negative Dec 22 2009
S&PBBB+ Negative Watch Dec 16 2009
FitchBBB+ Negative Dec 08 2009
S&PA- Negative Watch Dec 07 2009
Moody'sA1 Negative Watch Oct 29 2009
FitchA- Negative Oct 22 2009
FitchA Negative May 12 2009
Moody'sA1 Stable Feb 25 2009
S&PA- Stable Jan 14 2009
S&PA Negative Watch Jan 09 2009
FitchA Stable Oct 20 2008
FitchA Positive Mar 05 2007
Moody'sA1 Positive Jan 11 2007
FitchA Stable Dec 16 2004
S&PA Stable Nov 17 2004
FitchA+ Negative Watch Sep 28 2004
S&PA+ Negative Sep 13 2004
FitchA+ Stable Oct 20 2003
S&PA+ Stable Jun 10 2003
Moody'sA1 Stable Nov 04 2002
FitchA Positive Oct 23 2002
FitchA Stable Jun 20 2001
S&PA Positive Mar 13 2001
FitchA- Stable Sep 21 2000
FitchA- N/A Jul 27 2000
FitchBBB+ Positive Watch Mar 13 2000
S&PA- Positive Nov 24 1999
FitchBBB+ N/A Oct 25 1999
FitchBBB Positive Watch Aug 10 1999
Moody'sA2 Positive Jul 04 1999
Moody'sBaa1 Positive Feb 10 1999
S&PBBB Positive Nov 30 1998
Moody'sBaa1 Negative Watch Feb 20 1998
FitchBBB N/A Jun 04 1997
S&PBBB- Positive Mar 26 1997
Moody'sBaa1 Stable Dec 23 1996
Moody'sBaa3 Positive Watch Nov 04 1996
FitchBBB- N/A Nov 13 1995
Moody'sBaa3 Stable May 24 1994
S&PBBB- Stable Mar 08 1994
S&PBBB- Positive Jan 13 1993
S&PBBB- Stable Aug 14 1991
Moody'sBaa1 Stable Jul 19 1990
S&PBBB- Negative Jul 19 1990
S&PBBB Negative Apr 05 1990
S&PBBB Stable Jun 26 1989
S&PBBB N/A Sep 09 1988

 S&P Moody's Fitch TERating
B+ Stable B1 Stable   35
BBB- Stable   BBB Stable 65
B Negative B1 Negative B Negative 41
B- Stable B3 Stable B Stable 15
  B1 Stable B+ Stable 43
BBB+ Positive   BBB- Stable 63
AAA Negative Aaa Stable AAA Stable 97
AA+ Stable Aa1 Negative AA+ Stable 96
BB+ Negative Ba1 Negative BB+ Negative 55
BBB- Negative Baa3 Stable   65
BB Stable Ba2 Negative BB+ Stable 60
BB- Stable Ba3 Stable BB- Stable 40
B- Negative Caa1 Stable   53
B- Stable Caa1 Stable B- Stable 25
AA Stable Aa3 Stable AA Negative 88
CC Negative Caa2 Stable   25
N/A N/A   N/A N/A 30
A+ Stable A2 Stable N/A N/A 91
BB Stable Ba3 Negative BB- Stable 38
B Stable B3 Stable   28
A- Negative A2 Stable   73
BB Negative Ba2 Negative BB Negative 34
BB+ Stable Baa2 Stable BBB- Stable 53
B- Positive     30
N/A N/A B2 Stable   30
B Stable B2 Stable B Stable 30
AAA Stable Aaa Stable AAA Stable 99
B Stable   B Stable 35
  Aa3 Stable   85
AA- Stable Aa3 Stable A+ Stable 78
AA- Negative Aa3 Negative A+ Stable 80
BBB Negative Baa2 Stable BBB Stable 52
B- Negative B3 Stable   25
BB- Negative Ba1 Negative BB+ Negative 50
BB Negative Ba2 Negative BB Negative 45
  Caa2 Positive   20
BB Positive B1 Positive BB- Positive 36
AA- Stable A1 Stable A+ Stable 81
AAA Stable Aaa Stable AAA Stable 100
BB- Stable B1 Positive BB- Stable 36
B Stable B3 Stable B Negative 29
B- Stable B3 Stable B Stable 28
B- Negative B3 Negative B+ Stable 41
AA- Stable A1 Stable A+ Stable 81
B Stable B1 Stable B Stable 31
AA Stable     99
B+ Stable B1 Positive   33
AA+ Stable Aa1 Stable AA+ Stable 96
AA Stable Aa2 Stable AA Stable 90
B Stable B1 Negative B+ Negative 40
BB- Stable Ba3 Stable BB- Stable 38
AAA Stable Aaa Stable AAA Stable 100
B- Stable B3 Stable B Negative 31
B- Stable Caa3 Stable CCC N/A 10
SD Negative    
BB Negative Ba1 Stable BB Stable 49
B+ Positive B2 Positive   33
AAA Negative Aa1 Negative AA+ Stable 95
BBB- Stable Baa3 Stable BBB- Stable 47
BBB+ Stable A3 Stable BBB+ Stable 55
BBB- Stable Baa3 Positive BBB- Stable 48
BB+ Positive Baa3 Stable BBB- Stable 46
B- Stable   B- Negative 25
A+ Stable A3 Positive A Stable 70
N/A N/A Aa1 Negative   98
A+ Stable A1 Stable A+ Stable 76
BBB- Stable Baa2 Negative BBB+ Negative 60
  Ba3 Stable B+ Stable 38
B Stable B3 Stable B Stable 24
A+ Stable A1 Stable A Negative 78
BB- Negative B1 Stable   45
BBB- Negative Baa3 Negative BBB Stable 61
B+ Stable B1 Stable B+ Negative 20
AA Stable Aa2 Negative AA Stable 90
NR N/A B2 Stable   30
A- Stable A3 Stable A- Stable 69
B- Stable B2 Negative B- Stable 31
    B+ Stable 40
AAA Stable     100
A- Stable A3 Stable A- Stable 69
AAA Stable Aaa Stable AAA Stable 100
  Aa3 Negative AA- Stable 88
BB- Stable   BB Negative 48
A- Stable A3 Stable A- Stable 66
  B2 Stable  
A- Stable A3 Stable A Positive 74
  Baa1 Stable   65
BBB+ Negative A3 Negative BBB+ Stable 60
  B3 Negative   25
B- Stable Caa1 Stable B- Stable 36
B+ Negative B1 Negative   40
BBB- Stable     55
BBB- Stable Ba1 Stable BBB- Stable 54
CC Negative Caa3 Negative CC N/A 30
  Baa3 Negative BBB- Negative 55
AAA Stable Aaa Stable AAA Stable 100
AA Stable Aaa Stable AA Stable 90
B+ Stable B2 Stable B+ Stable 33
B Stable B1 Stable B+ Stable 28
AAA Stable Aaa Stable AAA Stable 99
BBB- Negative Baa1 Stable   78
B Stable B3 Stable B Stable 19
BBB Stable Baa2 Stable BBB Stable 60
B+ Negative B2 Stable   35
BB Stable Ba1 Stable BB Stable 41
BBB+ Positive A3 Stable BBB+ Stable 60
BBB Stable Baa2 Stable BBB- Positive 53
BBB+ Stable A2 Negative A- Stable 67
BB+ Stable Ba1 Stable BB+ Stable 44
D Negative     0
AA Stable Aa2 Negative AA Stable 87
B- Stable B3 Negative CCC N/A 30
BBB- Stable Baa3 Positive BBB- Stable 52
BB+ Stable Ba1 Negative BBB- Stable 43
B Stable B2 Stable B+ Stable 30
    BBB Negative 65
A- Stable A1 Stable AA- Negative 86
B+ Stable B1 Positive   35
BB- Stable B1 Positive BB- Stable 36
    BB- Stable 30
AAA Stable Aaa Stable AAA Stable 98
A+ Stable A2 Stable A+ Stable 80
A Stable Baa3 Positive A- Stable 61
  B3 Stable   25
BBB- Negative Baa2 Negative BBB- Negative 49
AA Stable Aa2 Stable AA- Stable 84
BBB+ Stable Baa2 Stable BBB+ Stable 62
B+ Negative B1 Negative B+ Negative 38
  B3 Stable   25
B+ Negative B1 Stable B+ Negative 39
AAA Stable Aaa Stable AAA Stable 99
AAA Stable Aaa Stable AAA Stable 100
AA- Stable Aa3 Stable AA- Stable 82
BBB+ Stable Baa1 Stable BBB+ Stable 63
A- Negative Baa3 Negative   68
BB- Negative Ba3 Negative BB- Negative 44
BB Stable Ba1 Stable BBB- Negative 44
B Stable B2 Stable B+ Stable 33
B- Stable Caa3 Stable B- Stable 15
AA Stable Aa2 Negative AA Stable 90
AA Negative Aa1 Negative AA Negative 95
AA+ Stable Aaa Stable AAA Stable 97
BBB Negative Baa2 Negative BBB- Stable 56
CCC Negative Caa3 Negative CCC N/A 5
BB- Stable B1 Stable BB- Stable 29
B Negative B3 Negative B Negative 34


Ratings

The Trading Economics credit rating (TE Rating) scores the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com

TE S&P Moody's Fitch  
100 AAA Aaa AAA Prime
95 AA+ Aa1 AA+ High grade
90 AA Aa2 AA
85 AA- Aa3 AA-
80 A+ A1 A+ Upper medium grade
75 A A2 A
70 A- A3 A-
65 BBB+ Baa1 BBB+ Lower medium grade
60 BBB Baa2 BBB
55 BBB- Baa3 BBB-
50 BB+ Ba1 BB+ Non-investment grade
speculative
45 BB Ba2 BB
40 BB- Ba3 BB-
35 B+ B1 B+ Highly speculative
30 B B2 B
25 B- B3 B-
20 CCC+ Caa1 CCC Substantial risks
15 CCC Caa2 Extremely speculative
10 CCC- Caa3 In default with little
prospect for recovery
  CC Ca
5 C C
0 D / DDD In default
/ DD
D