S&P Global Ratings raised on April 23 2021 Greece’s sovereign credit rating by a notch to ‘BB’ from ‘BB-’ and assigned a positive outlook, citing expectations of a rapid improvement in the country's economic and budgetary performance as the adverse impacts of the COVID-19 pandemic subside. Moody's credit rating for Greece was last set at Ba3 with stable outlook. Fitch's credit rating for Greece was last reported at BB with stable outlook. DBRS's credit rating for Greece is BB (low) with stable 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.