Credit rating agency Scope Ratings has affirmed Greece’s sovereign credit rating at BBB, with a stable outlook, according to an announcement released Friday.
Scope, one of the five rating agencies recognized by the European Central Bank, was the first to restore Greece to investment-grade status in August 2023.
It later upgraded the country to BBB in December 2023 — its highest rating since the country’s financial crisis.
In its latest periodic review, the German-based agency said no changes were made following its reassessment.
Scope noted that it continuously monitors its sovereign ratings and reviews them at least annually, or every six months in the case of national governments.
Greece’s return to investment grade has been a key goal for the country’s center-right government, led by Prime Minister Kyriakos Mitsotakis.
Credit upgrades have been seen as a sign of the country's economic stabilization after years of financial turmoil and bailout programs.