Moody’s affirms Greece at Baa3 and turns outlook positive, while Scope upgrades the country to BBB+ but shifts its outlook to stable, citing debt reduction and stronger fiscal resilience

Greece awaits Moody's and Scope ratings today, as focus shifts from investment grade to whether debt cuts can push it higher still.

The ratings agency warned that chronic climate-related risks could shave up to 3.9% off Greek GDP by 2050, with long-term impacts increasingly viewed as a threat to economic growth, public finances and sovereign creditworthiness

Greece received three consecutive upgrades: from Moody’s, DBRS in March, and S&P in April.

The baseline scenario assumes that primary budget surpluses will be maintained in the coming years, supporting Greece’s credit rating trajectory.