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.