Not content with the upgrades, the government is moving ahead with another early repayment of public debt next Friday, aimed at further reducing it and relieving the state budget of 150 million euros in interest that it would pay until 2028 to the country’s lenders.

The move, according to an update from the Ministry of National Economy and Finance, is scheduled for Friday, December 13, and concerns the early repayment of 7.934 billion euros for the 2026-2028 tranches of the first memorandum loan.

As Scope noted on Friday in announcing the upgrade, Greece is benefiting from its economic restructuring efforts, while the ongoing momentum of reforms continues to drive debt reduction.

In its report, the rating agency stressed that Greece has the highest debt in the Eurozone (as a percentage of GDP) and the second highest in the world after Japan.

However, its 57 percentage point reduction is considered the fastest in the world and paves the way for new upgrades by rating agencies.