DBRS made a surprise move tonight, as it upgraded Greece‘s sovereign rating to “BBB” with a stable trend (outlook), from “BBB (Low)” with a positive trend previously, opening the “dance” of ratings for the domestic economy in the best possible way.

The Canadian agency had given Greece an investment grade rating in September 2023 and upgraded the outlook from “stable” to “positive” in September 2024. With the new upgrade, Greece’s rating is one grade above investment grade.

However, the big day will come – barring a shocking contingency – a week later, on March 14, as Moody’s is expected to give the coveted final upgrade of the economy to investment grade, which is the last “stronghold”.

The US agency rates Greece as “Ba1” with a positive outlook. After the upgrade, it will be at “Baa3” with a stable outlook.

The next ratings, until the completion of 2025, are as follows:

April 18 – Standard and Poor’s (“BBB-” with a positive outlook)

May 16 – Fitch Ratings (“BBB-” with a stable outlook)

May 30 – Scope Ratings (“BBB” with a stable outlook)

September 5 – DBRS

September 19 – Moody’s

October 17 – S&P

November 7 – Scope

November 14 – Fitch