We have a plan for your needs. (4), Arizona (96), Local Government Financing Vehicles (1364), Laos (74), Issuer Research Afghanistan (8460), Indonesia (29148), Netherlands Antilles Moody's, Fitch and Standard & Poor's credit ratings - AAA ratings show the countries most trusted with other people's money World Risk Poll - a Gallup poll featuring 150,000 interviews across 140 countries Heritage Foundation Economic Freedom Index - a ranking of countries based on free trade and other free market policies (1659), Belgium Fitch rating: AAA (1994)Moody's rating: Aaa (1989)Standard & Poors rating: AAA (1994)note: The year refers to the year in which the current credit rating was first obtained. (1259), Russia-Ukraine War (13), Credit Insight Download historical data for 20 million indicators using your browser. (28568), Cape Verde (4), JACI: A Closer Look at China (1251), Burundi (60), China SOE Monitor (7), China Sub-Sovereign Monitor Fitch rating: AA- (2020)Moody's rating: Aa3 (2020)Standard & Poors rating: AA+ (2017)note: The year refers to the year in which the current credit rating was first obtained. (2054), Mayotte Moody's rating: B2 (2020)note: The year refers to the year in which the current credit rating was first obtained. (5925), Iran (6), Consumer Trends They can express a forward-looking opinion about the capacity and willingness of an entity to meet its financial commitments as they come due, and also the credit quality of an individual debt issue, such as a corporate or municipal bond, and the relative likelihood that the issue may default. Fitch rating: BB- (2018)Moody's rating: B1 (2019)Standard & Poors rating: BB- (2018)note: The year refers to the year in which the current credit rating was first obtained. (1694), Israel Fitch rating: B (2020)Moody's rating: B2 (2017)Standard & Poors rating: B- (2020)note: The year refers to the year in which the current credit rating was first obtained. (1861), Cuba Moody's rating: Ba3 (2017)Standard & Poors rating: B+ (2000)note: The year refers to the year in which the current credit rating was first obtained. (2350), Kyrgyzstan (713), Infrastructure Renewal and Investment (9156), Louisiana Fitch rating: A- (2018)Moody's rating: Baa1 (2018)Standard & Poors rating: A (2019)note: The year refers to the year in which the current credit rating was first obtained. Fitch rating: AA- (2020)Moody's rating: Aaa (2020)Standard & Poors rating: AA (2016)note: The year refers to the year in which the current credit rating was first obtained. A Credit Rating is an Informed Opinion Credit ratings are forward looking opinions about an issuer's relative creditworthiness. (Reuters) - Ratings agency Moody's on Friday downgraded the credit of First Republic Bank, citing deterioration in the bank's financial profile and challenges faced by the lender due to increased reliance on funding amid deposit outflows. (1383), Ireland (6255), South Dakota (4), South Carolina Fitch rating: B (2019)Moody's rating: B2 (2019)Standard & Poors rating: B+ (2018)note: The year refers to the year in which the current credit rating was first obtained. (2622), Turkiye Compare Countries By Credit Ratings This page provides information about credit ratings of European countries showing long-term foreign currency credit ratings for sovereign (or government) bonds as reported by Fitch and Moody's and Scope Ratings [1]. (8979), Mercosur (117), Sub-Sovereign Monitor (2606), Uzbekistan (20013), Government Related Issuers (816), 2019 Outlooks (1512), Belarus (22), China Bond Monitor James Mc CormackSovereign RatingsGlobal Group Head+852 2263 9625 |, Ed ParkerSovereign RatingsGlobal Head of Research+44 20 3530 1176 |, Brian CoultonChief Economist+44 20 3530 1140 |, Shelly ShettySovereign RatingsHead of Americas & APAC+1 212 908 0324 |, Jan FriederichSovereign RatingsHead of EMEA+852 2263 9910 |, Paul GambleSovereign Ratings - Emerging EuropeSenior Director+44 20 3530 1623 |, Toby IlesSovereign Ratings Middle East & AfricaSenior Director+852 2263 9832 |, Todd MartinezSovereign RatingsCo-Head of the Americas+1 212 908 0897 |, Michele NapolitanoSovereign Ratings - Western EuropeSenior Director+44 20 3530 1882 |, Thomas RookmaakerSovereign Ratings APACSenior Director+852 2263 9891 |, Arnaud LouisSupranational RatingsSenior Director+33 1 44 29 91 42 |, Richard FrancisSovereign RatingsCo-Head of the Americas+1 212 908 0858 |, Kathleen HoltzmanHead of LATAM Sovereigns & Corporates, BRMManaging Director+1 212 908 9103 |, Sing Chan NgCo-Head of APAC, BRMManaging Director+65 6796 7210 |, David TurnerHead of EMEA Sovereigns, BRMSenior Director+44 20 3530 1442 |, Aymeric PoizotGlobal Head ofInvestor Development+33 1 44 29 92 76 |, Frank LaurentsInvestorsSenior Director | Global Strategist - Investor Outreach+1 212 908 9127 |. (2536), Yemen Moody's rating: Caa2 (2014)note: The year refers to the year in which the current credit rating was first obtained. (1645), Kazakhstan In the wake of September 2022's calamitous mini-budget, two major credit . (1369), Canada Fitch rating: AAA (1995)Moody's rating: Aaa (1997)Standard & Poors rating: AAA (1975)note: The year refers to the year in which the current credit rating was first obtained. (1561), Gibraltar By dropping Russia's rating to a B3, Moody's is placing the country in the same credit risk category that currently includes Ukraine. Global growth prospects for 2023 have improved significantly since December, says Fitch Ratings in its latest Global Economic Outlook (GEO) report, but the impacts of rate hikes on the real economy still lie ahead and are likely to push the US economy into recession later this year. Fitch rating: BB (2019)Moody's rating: Ba3 (2020)note: The year refers to the year in which the current credit rating was first obtained. (29), Cyber Risk (17154), Wyoming Albania Moody's rating: B1 (2007) Standard & Poors rating: B+ (2016) (2265), Vietnam (334946), Asia Pacific (1401), Sudan There are very few countries that belong to the AAA club. (8637), Slovakia (6440), Oman (3726), Data Reports Rating factors include the following aspects: current account balance, debt payment history and timeliness, banking and financial operations, future economic outlook, and national economic strength. (1290), Latvia 3-5% of GDP then this is likely to be sustainable. (1584), Cameroon 297.95. (117), Kuwait (254), Fiji (1232), land Islands China Chengxin Credit Rating Group is a credit rating agency based in China. (13662), Rwanda (7119), Belize (18482), Armenia Fitch rating: B+ (2015)Moody's rating: Ba3 (2015)note: The year refers to the year in which the current credit rating was first obtained. The comparision between ESG and current ratings shows significant differences: the Middle East, the USA, but also China and Indi all would be downgraded while a number of lesser developed nations in South America, Eastern Europe and Central Africa would receive better credit rating. (6673), Azerbaijan Please reduce your list by using the filtering tool to the left. (1977), Economic Research (41), Carbon Transition Assessments (1270), Singapore (1995), Montenegro 2023 Moody's Investors Service, Inc., Moodys Analytics, Inc. and/or their affiliates and licensors. (236), Debt Sustainability (144), California utilities in the wake of the PG&E bankruptcy Fitch rating: BB+ (2019)Standard & Poors rating: BB- (2013)note: The year refers to the year in which the current credit rating was first obtained. Fitch rating: B+ (2020)note: The year refers to the year in which the current credit rating was first obtained. (13406), Guam The overall country analysis is based on two elements: Medium-Term Rating (Country Grade) Fitch rating: BB (2020)Standard & Poors rating: BBB+ (2013)note: The year refers to the year in which the current credit rating was first obtained. If you have any question please email us at contact@tradingeconomics.com. (1430), Algeria (14617), British Indian Ocean Territory (250208), Financial Institutions (1301), Guadeloupe CCC indicates 'Substantial Credit Risk' where 'default is a real possibility'. Sovereign credit ratings around the world, by country | TheGlobalEconomy.com The table shows the latest credit ratings and outlook from four major global credit rating agencies: Standard & Poor's, Moody's, Fitch and Scope Ratings. (160), CoCo Monitor Make confident credit risk decisions beyond the rated universe, with standardized and timely data plus workflow-enhancing analytical tools. (6), Mauritania (222), Asia Oil & Gas Quarterly (1472), Bangladesh (1339), Bahrain (1407), Cyprus (26456), Structured Finance (56048), Hybrid Below you can find some visuals on what sovereign credit ratings look like for Gulf countries and how that compares to the fiscal deficits expected in the medium term. (255), SMEs and Mid-caps: A Focus on Funding (27746), Gabon (4), Emerging Markets Insight USD. Fitch rating: BBB- (2020)Moody's rating: Baa3 (2018)Standard & Poors rating: BBB (2017)note: The year refers to the year in which the current credit rating was first obtained. (1265), Suriname (25491), Ivory Coast Language links are at the top of the page across from the title. Mali was given a credit rating in 2004 as part of a UN development initiative, This page was last edited on 16 March 2023, at 00:53. (1267), Malaysia (1260), Chad The agency . Moody's rating: B1 (2017)Standard & Poors rating: BB- (2017)note: The year refers to the year in which the current credit rating was first obtained. (12), Global Infrastructure Focus White label accounts can distribute our data. (73), Inside ASEAN Moody's rating: A2 (2020)Standard & Poors rating: BBB+ (2020)note: The year refers to the year in which the current credit rating was first obtained. Moody's rating: B3 (2012)Standard & Poors rating: B (2011)note: The year refers to the year in which the current credit rating was first obtained. Each agency also provides an outlook on the long-term development of a country's economy: positive, stable, negative. (1484), Quebec If government borrowing is relatively low e.g. (1261), Guyana Credit Rating - By Country World Europe America Asia Africa Australia G20 Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. (5034), Djibouti The first set of downgrades accorded over 2016 and 2017: Bahrain flew . (1852), Hong Kong SAR, China (526), US Public Finance: Rating Revisions (105), Inside Africa Fitch rating: B+ (2020)Moody's rating: Ba3 (2019)note: The year refers to the year in which the current credit rating was first obtained. (38114), Sri Lanka (6), Samoa (3376), Slovenia (1298), Honduras The sovereign credit rating indicates the risk level of the investing environment of a country and is used by investors when looking to invest in particular jurisdictions, and also takes into account political risk . (4149), Polynesia Without a stable outlook as projected by S&P, Honduras shows potential progress. Moody's rating: B3 (2015)note: The year refers to the year in which the current credit rating was first obtained. (1385), Tennessee (67), Structured Thinking: Asia Pacific (215), Grenada (1241), Turks and Caicos Islands (969), North Korea (18201), Economic and Monetary Community of Central Africa (CEMAC) Fitch rating: BBB (2017)Moody's rating: Baa2 (2018)Standard & Poors rating: BBB (2019)note: The year refers to the year in which the current credit rating was first obtained. Dominik Peschel, head of the Economics Unit at the Asian Development Banks Resident Mission in Beijing, discusses the banks recent working paper on Chinas long-term growth prospects and their suggested reforms to increase potential growth. Moody's rating: Caa3 (2020)Standard & Poors rating: CCC+ (2020)note: The year refers to the year in which the current credit rating was first obtained. (1582), St. Vincent and the Grenadines This is a list of countries by credit rating, showing long-term foreign currency credit ratings for sovereign bonds as reported by the largest three major credit rating agencies: Standard & Poor's, Fitch, and Moody's. (1207), Venezuela Bonds rated BB+ and below are considered to be speculative grade, sometimes also referred to as "junk" bonds. The credit rating is used by individuals and entities that purchase debt by governments to determine the likelihood that will pay its debt obligations. (4), California The agency cut the bank's long-term issuer rating and . Your economic update in 10 minutes or less. (2118), Turkmenistan Fitch rating: B (2006)Moody's rating: B2 (2016)Standard & Poors rating: B- (2020)note: The year refers to the year in which the current credit rating was first obtained. Moody's rating: Ba1 (2017)Standard & Poors rating: BBB- (2020)note: The year refers to the year in which the current credit rating was first obtained. (102), Kosovo An SD rating indicates that the country has selectively defaulted on some outstanding obligations[1][2], For Fitch, a bond is considered investment grade if its credit rating is BBB or higher. Moody's rating: B2 (2016)Standard & Poors rating: B- (2020)note: The year refers to the year in which the current credit rating was first obtained. (2242), Florida (523), SME & Mid-Cap Focus Fitch rating: BBB- (2013)Moody's rating: Baa2 (2014)Standard & Poors rating: BBB (2015)note: The year refers to the year in which the current credit rating was first obtained. (7138), Switzerland S&P Global Ratings boosted Saudi Arabia's credit score, citing recent reforms that have improved the country's economy, fiscal stance and debt management. (4), Maryland World Credit Ratings - World Government Bonds World Credit Ratings Agencies: + - S&P - World Credit Ratings Natural Earth S&P Ratings Investment Grade AAA AA - A BBB Speculative Grade BB - B CCC to D Symbol means a positive outlook assigned by the rating agency. (1326), Saint Martin (French) This entry provides the current bond ratings for a country or territory from each of the three major credit bureaus (Fitch, Moodys, and Standard & Poors). (1379), Finland (20), China Property Focus (2202), Mozambique Fitch rating: B+ (2014)Moody's rating: B2 (2016)Standard & Poors rating: B+ (2019)note: The year refers to the year in which the current credit rating was first obtained. (397), Martinique Fitch rating: B (2013)Moody's rating: B3 (2015)Standard & Poors rating: B- (2020)note: The year refers to the year in which the current credit rating was first obtained. (298), Political Risks (395), LGFV Monitor (1263), Andorra (1261), Guinea-Bissau (1304), Libya (4443), Maine Fitch rating: BBB- (2020)Moody's rating: Baa1 (2020)Standard & Poors rating: BBB (2020)note: The year refers to the year in which the current credit rating was first obtained. On the eve of the oil downturn, all GCC countries were rated investment grade by the three rating agencies. (1446), Angola (647), Global Banking System Outlook (10990), Washington (1294), Madagascar (7614), Montana Fitch rating: RD (2017)Moody's rating: WR (2019)Standard & Poors rating: SD (2017)note: The year refers to the year in which the current credit rating was first obtained. [91] Fitch Ratings typically does not assign outlooks to sovereign ratings below B (CCC and lower) or modifiers. Advanced users can use our Python/R/Matlab packages. Higher ratings have shown lower defaults. (97), Global Investment Banks Fitch rating: CCC (2019)Moody's rating: Caa2 (2018)Standard & Poors rating: CCC+ (2020)note: The year refers to the year in which the current credit rating was first obtained. (1259), Sierra Leone Credit Rating - By Country - was last updated on Monday, March 6, 2023. Credit Ratings are opinions about credit risk. (1736), Coronavirus Effects (13367), Cayman Islands - Off Shore (1701). (59), MuniMonitor (191), US Elections in Focus (1320), Bermuda (6734), Massachusetts (1843), Central African Republic (4096), Tajikistan Fitch rating: BBB (2016)Moody's rating: Baa3 (2016)Standard & Poors rating: BBB- (2016)note: The year refers to the year in which the current credit rating was first obtained. The sovereign credit rating of a country may determine its ability to access funds in the national and international bond markets. (8), Global Insurance Regulation (107), Panama (63), Digital Finance (275), Private Credit: A growing market with growing risks (474542), Default & Ratings Analytics (1172639), West African Economic and Monetary Union (UEMOA) (1331), Malta (32213), Organisation for Economic Co-operation and Development (OECD) (16723), Commonwealth of Independent States (1368), Tonga (1301), Haiti (6507), Finance Conduit Knowing a country's risk, can help you make better decisions when trading internationally. (25), Asia TMT Quarterly (23), B3 Negative and Lower (1269), Cambodia (1259), Dominica Standard & Poors rating: SD (2013)note: The year refers to the year in which the current credit rating was first obtained. Fitch rating: A+ (2017)Moody's rating: A2 (2019)Standard & Poors rating: A- (2016)note: The year refers to the year in which the current credit rating was first obtained. Fitch rating: A (2017)Moody's rating: A2 (2019)Standard & Poors rating: A (2017)note: The year refers to the year in which the current credit rating was first obtained. (1209), Costa Rica Afghanistan (1232) land Islands (106) Albania (1430) Algeria (1263) Andorra (1446) Angola (1563) Anguilla (6) Antigua and Barbuda (1298) Argentina (18480) Armenia (1724) Aruba (1375) Australia (21774) Show All or Browse by. Bonds rated BB(high) and below are considered to be speculative grade, sometimes also referred to as "junk" bonds. (1334), Cook Islands (994), Alberta S&P Revises South Africa's Outlook to Stable, Moody's Downgrades Ukraine's Credit Rating to 'Ca', Moodys Downgrades Egypts Rating to B3, S&P Affirms Nigeria's Ratings, Turns Negative on Outlook, S&P Downgrades Hungary's Ratings to BBB-/A-3, S&P Cuts Pakistan Credit Rating to 'CCC+', S&P Global Cuts Peru's Outlook to Negative, S&P Lifts Irelands Credit Outlook to Positive, Moody's Revises Jordans Rating Outlook to Positive, Wall Street Rattles As First Republic Sinks, Spain Stocks Weekly Decline Largest in Over a Year, French Stocks End in the Red, Book Weekly Loss, European Stocks End Week on Negative Note, South African Stocks End Lower, Post Sharp Weekly Loss, FTSE 100 Closes Near Four-Month Lows, Posts Sharpest Weekly Decline Since February 2022. In addition, the average rating is now 'BBB', one notch lower than in 2011, a trend that has (1803), Luxembourg (1917), Japan (9760), West Virginia (1449), Runion (16117), Micronesia (1), Gender, Policy & the Economy Fitch rating: B- (2018)Moody's rating: B3 (2020)Standard & Poors rating: B- (2018)note: The year refers to the year in which the current credit rating was first obtained. Fitch rating: A (2019)Moody's rating: A3 (2020)Standard & Poors rating: AA- (2019)note: The year refers to the year in which the current credit rating was first obtained. For S&P, a bond is considered investment grade if its credit rating is BBB or higher. (973413), Association of Southeast Asian Nations (ASEAN) (172868), Gulf Cooperation Council Fitch rating: B+ (2020)Moody's rating: B2 (2018)Standard & Poors rating: B+ (2017)note: The year refers to the year in which the current credit rating was first obtained. Fitch rating: BBB (2011)Moody's rating: Baa1 (2019)Standard & Poors rating: BBB (2020)note: The year refers to the year in which the current credit rating was first obtained. Moody's rating: Aa3 (2020)Standard & Poors rating: N/Anote: The year refers to the year in which the current credit rating was first obtained. Standard & Poors rating: D (2015)note: The year refers to the year in which the current credit rating was first obtained. Copyright 2023 Fitch Ratings, Inc., Fitch Solutions, Inc. and their subsidiaries. The 2014 report ranks 142 countries across four key areas: health, educational attainment, economic participation and opportunity, and political empowerment. Fitch rating: BB (2020)Moody's rating: Ba3 (2020)Standard & Poors rating: BB- (2019)note: The year refers to the year in which the current credit rating was first obtained. 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