# S&P restores Greece to investment grade at BBB-

Date: 2023

On 20 October 2023 S&P raised Greece to BBB- from BB+, ending a decade below investment grade. Fiscal out-turns under [Mitsotakis](/people/kyriakos-mitsotakis) were the cited base. A rating is a market act, not a statute he signed, but it followed his fiscal line.

## People

- Kyriakos Mitsotakis: https://factrail.ai/people/kyriakos-mitsotakis

## Drivers

- Public-Debt Sustainability: https://factrail.ai/drivers/public-debt-sustainability

## Sources

- https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3074450
- https://www.minfin.gr/

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/gr-investment-grade-2023