Greece’s Economy Awaits Moody’s Verdict on Investment-Grade Rating

Greece’s economy is bracing for a pivotal moment as it anticipates the final seal of approval from Moody’s today, Friday March 14, the last of the major credit rating agencies yet to grant the country an investment-grade rating. Expectations remain cautious, given Moody’s reputation as the strictest of the agencies.

Later tonight, Moody’s will present its assessment of the Greek economy, with analysts predicting that its report will largely reiterate previous recommendations and challenges. This comes after its last verdict in September, 2024, when it shifted Greece’s outlook to “positive.” This methodological shift typically indicates that an upgrade could be on the horizon within the next 12 to 18 months.

However, a key factor in today’s decision will be how much weight Moody’s places on global economic developments, as international uncertainty, is impacting economies worldwide both directly and indirectly. This uncertainty could be a decisive factor in delaying an upgrade, as Moody’s may prefer to adopt a wait-and-see approach.