In a highly globalized modern society, there is an increase in the demand for corporate social responsibility (CSR) integration in businesses. However, CSR is also used by businesses to raise awareness, increase popularity, and to minimize risk. It is also used to improve relationships with existing stakeholders and attract new ones, now that the focus has shifted to other matters than just profitability. This article examines whether CSR policies of Greek manufacturing firms are adjusted in accordance with variations in credit rating in Greece. The period we are looking at is a 4-year economic crisis recovery period from 2015-2018. The main findings showed that there is a positive correlation between CSR policies and credit ratings, and that firm size is also a significant factor, due to their reputation and increased drive for development.