List of countries by credit rating
This is a list of countries by credit rating, showing long-term foreign currency credit ratings for sovereign bonds as reported by the three major credit rating agencies: Standard & Poor's, Fitch, and Moody's. The ratings of DBRS, China Chengxin Credit Rating Group, Dagong and JCR are also included. The list also includes all country subdivisions issuing sovereign bonds, but it excludes regions, provinces and municipalities issuing sub-sovereign bonds.
Countries' ratings in different methods
Standard & Poors
For S&P, a bond is considered investment grade if its credit rating is BBB- or higher. Bonds rated BB+ and below are considered to be speculative grade, sometimes also referred to as "junk" bonds.[3]
Country | Rating | Outlook | Date | Ref. |
---|---|---|---|---|
Abu Dhabi, UAE | AA | Stable | 2012-02-20 | [4] |
Albania | B+ | Stable | 2012-02-20 | [4] |
Andorra | A- | Negative | 2012-02-20 | [4] |
Angola | BB- | Stable | 2012-02-20 | [4] |
Argentina | SD | Negative | 2016-02-03 | [4][5] |
Aruba | BBB+ | Stable | 2014-07-20 | [4] |
Australia | AAA | Stable | 2012-02-20 | [4] |
Austria | AA+ | Negative | 2012-02-20 | [4] |
Azerbaijan | BBB- | Positive | 2012-02-20 | [4] |
Bahamas | BBB | Stable | 2012-02-20 | [4] |
Bahrain | BBB- | Negative | 2012-02-20 | [4] |
Bangladesh | BB- | Stable | 2012-02-20 | [4] |
Barbados | BB+ | Negative | 2012-02-20 | [4] |
Belarus | B- | Positive | 2013-04-17 | [4] |
Belgium | AA | Negative | 2012-02-20 | [4] |
Belize | B- | Negative | 2012-02-20 | [4] |
Benin | B | Stable | 2012-02-20 | [4] |
Bermuda | AA- | Stable | 2012-02-20 | [4] |
Bolivia | BB- | Positive | 2012-02-20 | [4] |
Bosnia and Herzegovina | B | Negative | 2012-02-20 | [4] |
Botswana | A- | Stable | 2012-02-20 | [4] |
Brazil | BB | Negative | 2016-02-17 | [4] |
Bulgaria | BB+ | Stable | 2014-12-12 | [4] |
Burkina Faso | B | Stable | 2012-02-20 | [4] |
Cambodia | B | Stable | 2012-02-20 | [4] |
Cameroon | B | Stable | 2012-02-20 | [4] |
Canada | AAA | Stable | 2012-02-20 | [4] |
Cape Verde | B+ | Stable | 2012-02-20 | [4] |
Chile | AA- | Positive | 2012-12-26 | [4] |
China | AA- | Negative | 2016-03-31 | [6] |
Colombia | BBB | Stable | 2013-04-24 | [4] |
Cook Islands | B+ | Negative | 2012-02-20 | [4] |
Costa Rica | BB | Stable | 2012-02-20 | [4] |
Croatia | BB+ | Stable | 2012-12-14 | [4] |
Curacao | A- | Stable | 2012-02-20 | [4] |
Cyprus | BB- | Positive | 2015-09-25 | [4][7] |
Czech Republic | AA- | Stable | 2012-02-20 | [4] |
Denmark | AAA | Stable | 2012-02-20 | [4] |
Dominican Republic | BB- | Stable | 2015-05-20 | [4] |
Ecuador | B | Stable | 2015-08-12 | [4] |
Egypt | B- | Positive | 2013-11-15 | [4][8] |
El Salvador | BB- | Stable | 2012-02-20 | [4] |
Ethiopia | B | Stable | 2014-03-12 | [4] |
European Union | AA+ | Stable | 2013-12-20 | [4] |
Estonia | AA- | Stable | 2012-10-19 | [4][9] |
Fiji | B | Stable | 2012-02-20 | [4] |
Finland | AA+ | Negative | 2014-10-10 | [4][7] |
France | AA | Stable | 2015-03-12 | [4] |
Gabon | BB- | Stable | 2012-02-20 | [4] |
Georgia | BB- | Stable | 2012-02-20 | [4] |
Germany | AAA | Stable | 2013-03-27 | [4] |
Ghana | B | Stable | 2011-11-29 | [4] |
Greece | B- | Stable | 2015-06-29 | [4] |
Grenada | SD | Negative | 2013-03-13 | [4][10] |
Guatemala | BB | Negative | 2011-11-29 | [4] |
Guernsey | AA+ | Stable | 2011-11-29 | [4] |
Honduras | B+ | Positive | 2012-06-08 | [4] |
Hong Kong | AAA | Negative | 2016-03-31 | [4] |
Hungary | BB+ | Stable | 2015-03-20 | [4] |
Iceland | BBB | Stable | 2015-07-17 | [11] |
India | BBB- | Positive | 2015-04-09 | [4][12] |
Indonesia | BB+ | Positive | 2011-11-29 | [4] |
Ireland | A+ | Stable | 2015-06-05 | [4] |
Isle of Man | AA+ | Stable | 2011-11-29 | [4] |
Israel | A+ | Stable | 2011-11-29 | [4] |
Italy | BBB- | Stable | 2014-12-05 | [4] |
Jamaica | CCC+ | Negative | 2013-03-07 | [4] |
Japan | A+ | Stable | 2015-09-16 | [4] |
Jordan | BB | Negative | 2011-11-29 | [4] |
Kazakhstan | BBB+ | Negative | 2014-05-13 | [4] |
Kenya | B+ | Stable | 2011-11-29 | [4] |
Kuwait | AA | Stable | 2011-11-29 | [4] |
Latvia | A- | Stable | 2014-05-30 | [4][13] |
Lebanon | B | Stable | 2011-11-29 | [4] |
Liechtenstein | AAA | Stable | 2011-11-29 | [4] |
Lithuania | A- | Stable | 2014-04-11 | [4] |
Luxembourg | AAA | Stable | 2013-08-12 | [4] |
Macedonia | BB | Stable | 2011-11-29 | [4] |
Malaysia | A- | Stable | 2011-11-29 | [4] |
Malta | BBB+ | Stable | 2013-01-16 | [4][14] |
Mexico | BBB+ | Stable | 2014-07-30 | [4] |
Mongolia | BB- | Stable | 2011-11-29 | [4] |
Montenegro | BB- | Negative | 2011-11-29 | [4] |
Montserrat | BBB- | Stable | 2011-11-29 | [4] |
Morocco | BBB- | Stable | 2011-11-29 | [4] |
Mozambique | B+ | Stable | 2011-11-29 | [4] |
Netherlands | AAA | Stable | 2015-11-20 | [4] |
New Zealand | AA | Stable | 2011-11-29 | [4] |
Nigeria | BB- | Stable | 2011-11-29 | [4] |
Norway | AAA | Stable | 2011-11-29 | [4] |
Oman | A | Negative | 2011-11-29 | [4] |
Pakistan | B- | Positive | 2011-11-29 | [4] |
Panama | BBB | Stable | 2012-07-02 | [4] |
Papua New Guinea | B+ | Stable | 2011-11-29 | [4] |
Paraguay | BB- | Stable | 2011-11-29 | [4] |
Peru | BBB+ | Stable | 2013-08-19 | [4] |
Philippines | BBB | Stable | 2014-05-08 | [15][16] |
Poland | BBB+ | Negative | 2016-01-15 | [4] |
Portugal | BB | Positive | 2015-03-20 | [4] |
Puerto Rico | D | Negative | 2015-08-03 | [4] |
Qatar | AA | Stable | 2011-11-29 | [4] |
Ras Al Khaimah, UAE | A | Stable | 2011-11-29 | [4] |
Romania | BBB- | Stable | 2014-05-16 | [4] |
Russia | BB+ | Negative | 2015-01-26 | [17] |
Rwanda | B | Stable | 2012-09-29 | [4] |
Saudi Arabia | A+ | Stable | 2015-10-30 | [4] |
Senegal | B+ | Negative | 2011-11-29 | [4] |
Serbia | BB- | Negative | 2012-08-07 | [4] |
Singapore | AAA | Stable | 2011-11-29 | [4] |
Slovakia | A+ | Stable | 2015-07-31 | [4] |
Slovenia | A- | Stable | 2013-02-13 | [4][18] |
South Africa | BBB- | Negative | 2015-12-18 | [19] |
South Korea | AA- | Stable | 2015-09-15 | [4] |
Spain | BBB+ | Stable | 2015-10-06 | [4] |
Sri Lanka | B+ | Positive | 2011-11-29 | [4] |
Suriname | BB- | Stable | 2011-11-29 | [4] |
Sweden | AAA | Stable | 2012-10-24 | [4][20] |
Switzerland | AAA | Stable | 2011-11-29 | [4] |
Taiwan | AA- | Stable | 2011-11-29 | [4] |
Thailand | BBB+ | Stable | 2011-11-29 | [4] |
Trinidad and Tobago | A | Stable | 2011-11-29 | [4] |
Tunisia | BB- | Negative | 2013-02-20 | [4] |
Turkey | BB+ | Negative | 2013-03-27 | [4] |
Uganda | B+ | Stable | 2011-11-29 | [4] |
Ukraine | B- | Stable | 2015-10-19 | [4] |
United Kingdom | AAA | Stable | 2012-04-13 | [4] |
United States | AA+ | Stable | 2013-06-10 | [4] |
Uruguay | BBB- | Stable | 2012-04-03 | [4] |
Venezuela | CCC | Negative | 2015-02-09 | [4] |
Vietnam | BB- | Negative | 2014-05-20 | [4] |
Zambia | B+ | Stable | 2011-11-29 | [4] |
Fitch Ratings
For Fitch, a bond is considered investment grade if its credit rating is BBB- or higher. Bonds rated BB+ and below are considered to be speculative grade, sometimes also referred to as "junk" bonds.[21]
Country | Rating | Outlook | Date | Ref. |
---|---|---|---|---|
Abu Dhabi | AA | Stable | 2011-11-21 | [22] |
Angola | BB- | Stable | 2011-11-21 | [22] |
Argentina | RD | Negative | 2014-07-31 | [23] |
Armenia | BB- | Stable | 2011-11-21 | [22] |
Aruba | BBB | Stable | 2011-11-21 | [22] |
Australia | AAA | Stable | 2011-11-29 | [24] |
Austria | AA+ | Stable | 2015-02-13 | [22] |
Azerbaijan | BBB- | Positive | 2011-11-21 | [22] |
Bahrain | BBB | Stable | 2011-11-21 | [22] |
Belgium | AA | Stable | 2013-01-24 | [22] |
Benin | B | Stable | 2011-11-21 | [22] |
Bermuda | AA+ | Stable | 2011-11-21 | [22] |
Bolivia | B+ | Stable | 2011-11-21 | [22] |
Brazil | BB+ | Negative | 2015-12-16 | [22] |
Bulgaria | BBB- | Stable | 2014-01-10 | [22] |
Cameroon | B | Stable | 2011-11-21 | [22] |
Canada | AAA | Stable | 2011-11-21 | [22] |
Cape Verde | B+ | Stable | 2011-11-21 | [22] |
Chile | A+ | Stable | 2011-11-21 | [22] |
China | A+ | Stable | 2011-11-21 | [22] |
Colombia | BBB | Stable | 2013-12-10 | [22][25] |
Costa Rica | BB+ | Stable | 2011-11-21 | [22] |
Croatia | BB | Stable | 2014-08-09 | [22] |
Cyprus | B+ | Positive | 2015-10-24 | [22] [26] |
Czech Republic | A+ | Positive | 2011-11-21 | [22] |
Denmark | AAA | Stable | 2011-11-21 | [22] |
Dominican Republic | B+ | Stable | 2014-11-21 | [22] |
Ecuador | B | Stable | 2013-10-18 | [22] |
Egypt | B | Stable | 2014-12-19 | [22][27][28] |
El Salvador | BB- | Stable | 2013-07-16 | [29] |
Estonia | A+ | Stable | 2011-11-21 | [22] |
Ethiopia | B | Stable | 2015-10-09 | [30] |
Finland | AA+ | Stable | 2016-03-11 | [22] |
France | AA | Stable | 2014-12-12 | [31] |
Gabon | BB- | Stable | 2011-11-21 | [22] |
Georgia | B+ | Positive | 2011-11-21 | [22] |
Germany | AAA | Stable | 2011-11-21 | [22] |
Ghana | B+ | Stable | 2011-11-21 | [22] |
Greece | CCC | Negative | 2015-06-30 | [22] |
Guatemala | BB+ | Stable | 2011-11-21 | [22] |
Hong Kong | AA+ | Stable | 2011-11-21 | [22] |
Hungary | BB+ | Positive | 2015-05-22 | [22] |
Iceland | BBB+ | Stable | 2015-07-24 | [22][32] |
India | BBB- | Stable | 2013-06-12 | [22][33][34] |
Indonesia | BBB- | Stable | 2011-12-15 | [22] |
Ireland | A- | Stable | 2014-08-15 | [22] |
Israel | A | Stable | 2013-11-29 | [22] |
Italy | BBB+ | Stable | 2014-04-25 | [22][35] |
Jamaica | B- | Stable | 2011-11-21 | [22] |
Japan | A | Stable | 2015-04-27 | [22] |
Kazakhstan | BBB | Positive | 2011-11-21 | [22] |
Kenya | B+ | Stable | 2011-11-21 | [22] |
Kuwait | AA | Stable | 2011-11-21 | [22] |
Latvia | A- | Stable | 2014-06-20 | [36] |
Lebanon | B | Stable | 2011-11-21 | [22] |
Lesotho | BB- | Negative | 2011-11-21 | [22] |
Lithuania | A- | Stable | 2014-06-25 | [37] |
Luxembourg | AAA | Stable | 2011-11-21 | [22] |
Macedonia | BB+ | Stable | 2011-11-21 | [22] |
Malaysia | A- | Stable | 2011-11-21 | [22] |
Malta | A+ | Stable | 2011-11-21 | [22] |
Mexico | BBB+ | Stable | 2013-04-08 | [22] |
Mongolia | B+ | Stable | 2011-11-21 | [22] |
Morocco | BBB- | Stable | 2011-11-21 | [22] |
Mozambique | B | Stable | 2011-11-21 | [22] |
Namibia | BBB- | Positive | 2011-11-21 | [22] |
Netherlands | AAA | Stable | 2011-11-21 | [22] |
New Zealand | AA | Stable | 2011-11-21 | [22] |
Nigeria | BB- | Stable | 2011-11-21 | [22] |
Norway | AAA | Stable | 2011-11-21 | [22] |
Pakistan | B | Stable | 2015-09-15 | [22][38] |
Panama | BBB | Stable | 2011-11-21 | [22] |
Peru | BBB+ | Stable | 2013-10-23 | [22] |
Philippines | BBB- | Stable | 2013-03-27 | [22][39] |
Poland | A- | Positive | 2013-02-21 | [22] |
Portugal | BB+ | Positive | 2011-11-21 | [22] |
Ras Al Khaimah, UAE | A | Stable | 2011-11-21 | [22] |
Romania | BBB- | Stable | 2011-11-21 | [22] |
Russia | BBB- | Negative | 2015-01-09 | [40] |
Rwanda | B | Stable | 2011-11-21 | [22] |
San Marino | BBB+ | Negative | 2012-07-23 | [22] |
Saudi Arabia | AA | Stable | 2014-03-21 | [22] |
Serbia | B+ | Stable | 2014-01-17 | [22] |
Seychelles | B | Stable | 2011-11-21 | [22] |
Singapore | AAA | Stable | 2011-11-21 | [22] |
Slovakia | A+ | Stable | 2011-11-21 | [22] |
Slovenia | BBB+ | Negative | 2013-05-17 | [22] |
South Africa | BBB | Stable | 2013-01-10 | [22] |
South Korea | AA- | Stable | 2012-09-07 | [41] |
Spain | BBB+ | Stable | 2014-04-25 | [22] |
Sri Lanka | BB- | Stable | 2011-11-21 | [22] |
Suriname | BB- | Stable | 2012-07-10 | [22] |
Sweden | AAA | Stable | 2011-11-21 | [22] |
Switzerland | AAA | Stable | 2011-11-21 | [22] |
Taiwan | A+ | Stable | 2011-11-21 | [22] |
Thailand | BBB+ | Stable | 2013-03-08 | [22] |
Tunisia | BB- | Negative | 2013-10-30 | [22] |
Turkey | BBB- | Stable | 2012-11-05 | [22] |
Uganda | B | Stable | 2011-11-21 | [22] |
Ukraine | CC | Negative | 2015-02-13 | [22] |
United Kingdom | AA+ | Stable | 2013-04-19 | [42] |
United States | AAA | Stable | 2014-03-21 | [43] |
Uruguay | BBB- | Stable | 2011-11-21 | [22] |
Venezuela | CCC | Negative | 2014-12-18 | [22] |
Vietnam | B+ | Stable | 2011-11-21 | [22] |
Zambia | B+ | Stable | 2011-11-21 | [22] |
Moody's
For Moody's, a bond is considered investment grade if its credit rating is Baa3 or higher. Bonds rated Ba1 and below are considered to be speculative grade, sometimes also referred to as "junk" bonds.[44]
Country | Rating | Outlook | Date | Ref. |
---|---|---|---|---|
Albania | B1 | Stable | 2011-08-05 | [45] |
Angola | Ba2 | Stable | 2011-08-05 | [45] |
Argentina | Caa2 | Negative | 2015-04-20 | [45] |
Armenia | Ba2 | Negative | 2011-11-21 | [45] |
Australia | Aaa | Stable | 2011-08-05 | [45] |
Austria | Aaa | Stable | 2012-02-13 | [45] |
Azerbaijan | Baa3 | Positive | 2012-04-19 | [45] |
Bahamas | A3 | Stable | 2011-08-05 | [45] |
Bahrain | Baa1 | Negative | 2011-08-05 | [45] |
Bangladesh | Ba3 | Stable | 2011-08-05 | [45] |
Barbados | Baa3 | Negative | 2011-08-05 | [45] |
Belarus | B3 | Negative | 2011-08-05 | [45] |
Belgium | Aa3 | Negative | 2011-12-16 | [45] |
Belize | B3 | Stable | 2011-08-05 | [45] |
Bermuda | Aa2 | Stable | 2011-08-05 | [45] |
Bolivia | Ba3 | Positive | 2011-08-05 | [45] |
Bosnia and Herzegovina | B3 | Negative | 2012-04-03 | [45][46] |
Botswana | A2 | Negative | 2011-08-05 | [45] |
Brazil | Ba2 | Negative | 2016-02-24 | [47][48] |
Bulgaria | Baa2 | Stable | 2011-08-05 | [45] |
Cambodia | B2 | Stable | 2011-08-05 | [45] |
Canada | Aaa | Stable | 2011-08-05 | [45] |
Cayman Islands | Aa3 | Stable | 2011-08-05 | [45] |
Chile | Aa3 | Stable | 2011-08-05 | [45] |
China | Aa3 | Negative | 2016-03-02 | [45] |
Colombia | Baa2 | Stable | 2014-07-28 | [45][49] |
Costa Rica | Baa3 | Stable | 2011-08-05 | [45] |
Croatia | Baa3 | Stable | 2011-08-05 | [45] |
Cuba | Caa1 | Stable | 2011-08-05 | [45] |
Cyprus | B1 | Stable | 2015-11-16 | [45][50] |
Czech Republic | A1 | Stable | 2012-07-18 | [45] |
Denmark | Aaa | Stable | 2011-08-05 | [45] |
Dominican Republic | B1 | Stable | 2011-08-05 | [45] |
Ecuador | B3 | Stable | 2015-10-02 | [45] |
Egypt | B3 | Stable | 2015-04-07 | [51][52] |
El Salvador | Ba2 | Stable | 2011-08-05 | [45] |
Estonia | A1 | Stable | 2011-08-05 | [45] |
Ethiopia | B1 | Stable | 2015-05-29 | [53] |
Fiji | B1 | Negative | 2011-08-05 | [45] |
Finland | Aaa | Stable | 2011-08-05 | [45] |
France | Aa2 | Stable | 2015-09-18 | [45][54] |
Georgia | Ba3 | Stable | 2011-08-05 | [45] |
Germany | Aaa | Stable | 2013-09-06 | [55] |
Greece | Caa3 | Negative | 2015-07-01 | [45] |
Guatemala | Ba1 | Stable | 2011-08-05 | [45] |
Honduras | B2 | Negative | 2013-02-26 | [45] |
Hong Kong | Aa1 | Negative | 2016-03-12 | [45] |
Hungary | Ba1 | Positive | 2015-11-06 | [56] |
Iceland | Baa3 | Negative | 2011-08-05 | [45] |
India | Baa3 | Positive | 2011-08-05 | [45] |
Indonesia | Baa3 | Stable | 2012-01-18 | [45] |
Ireland | Baa1 | Stable | 2014-05-16 | [45][57] |
Isle of Man | Aaa | Stable | 2011-08-05 | [45] |
Israel | A1 | Stable | 2011-08-05 | [45] |
Italy | Baa2 | Stable | 2013-02-15 | [45][58] |
Jamaica | B3 | Stable | 2011-08-05 | [45] |
Japan | A1 | Stable | 2014-12-01 | [45] |
Jordan | Ba2 | Negative | 2011-08-05 | [45] |
Kazakhstan | Baa2 | Stable | 2011-08-05 | [45] |
Kuwait | Aa2 | Stable | 2011-08-05 | [45] |
Latvia | A3 | Stable | 2014-06-14 | [59] |
Lebanon | B1 | Stable | 2011-08-05 | [45] |
Lithuania | A3 | Stable | 2015-05-09 | [45] |
Luxembourg | Aaa | Negative | 2012-07-23 | [60] |
Macao | Aa3 | Stable | 2011-08-05 | [45] |
Malaysia | A3 | Stable | 2011-08-05 | [45] |
Malta | A3 | Stable | 2013-08-05 | [45] |
Mauritius | Baa1 | Stable | 2015-05-29 | [61] |
Mexico | A3 | Stable | 2014-02-05 | [45] |
Moldova | B3 | Positive | 2011-08-05 | [45] |
Mongolia | B1 | Stable | 2011-08-05 | [45] |
Montenegro | Ba3 | Stable | 2011-08-05 | [45] |
Morocco | Ba1 | Stable | 2011-08-05 | [45] |
Netherlands | Aaa | Stable | 2014-03-07 | [45] |
New Zealand | Aaa | Stable | 2011-08-05 | [45] |
Nicaragua | B3 | Stable | 2011-08-05 | [45] |
Norway | Aaa | Stable | 2011-08-05 | [45] |
Oman | A1 | Stable | 2011-08-05 | [45] |
Pakistan | B3 | Stable | 2015-06-11 | [45][62] |
Panama | Baa2 | Stable | 2012-10-31 | [45] |
Papua New Guinea | B1 | Stable | 2011-08-05 | [45] |
Paraguay | B1 | Stable | 2011-08-05 | [45] |
Peru | A3 | Stable | 2014-07-02 | [45] |
Philippines | Baa2 | Stable | 2014-12-11 | [45][63] |
Poland | A2 | Stable | 2011-08-05 | [45] |
Portugal | Ba2 | Negative | 2014-05-09 | [45] |
Puerto Rico | D | Negative | 2015-08-03 | [45] |
Qatar | Aa2 | Stable | 2011-08-05 | [45] |
Romania | Baa3 | Positive | 2015-12-11 | [45][64] |
Russia | Ba1 | Stable | 2015-12-03 | [65] |
Saudi Arabia | Aa3 | Stable | 2011-08-05 | [45] |
Senegal | B1 | Stable | 2011-08-05 | [45] |
Serbia | B1 | Stable | 2013-07-14 | [45] |
Singapore | Aaa | Stable | 2011-08-05 | [45] |
Slovakia | A1 | Stable | 2012-02-13 | [45] |
Slovenia | Ba1 | Negative | 2013-04-30 | [45] |
South Africa | Baa2 | Stable | 2014-11-06 | [45] |
South Korea | Aa2 | Stable | 2015-12-18 | [45] |
Spain | Baa2 | Positive | 2014-02-21 | [45] |
Sri Lanka | B1 | Positive | 2011-08-05 | [45] |
St. Vincent & the Grenadines | B1 | Stable | 2011-08-05 | [45] |
Suriname | B1 | Stable | 2011-08-05 | [45] |
Sweden | Aaa | Stable | 2011-08-05 | [45] |
Switzerland | Aaa | Stable | 2011-08-05 | [45] |
Taiwan | Aa3 | Stable | 2011-08-05 | [45] |
Thailand | Baa1 | Stable | 2011-08-05 | [45] |
Trinidad and Tobago | Baa2 | Negative | 2014-04-30 | [66] |
Tunisia | Baa3 | Negative | 2011-08-05 | [45] |
Turkey | Baa3 | Negative | 2014-04-16 | [45] |
Ukraine | Ca | Negative | 2015-03-24 | [67] |
United Arab Emirates | Aa2 | Stable | 2011-08-05 | [45] |
United Kingdom | Aa1 | Stable | 2013-02-22 | [45] |
United States | Aaa | Stable | 2013-07-18 | [45][68] |
Uruguay | Baa2 | Stable | 2014-05-29 | [69] |
Venezuela | Caa3 | Negative | 2015-01-13 | [45] |
Vietnam | B1 | Negative | 2011-08-05 | [45] |
Dominion Bond Rating Service (DBRS)
For DBRS, a bond is considered investment grade if its credit rating is BBB(low) or higher. Bonds rated BB(high) and below are considered to be speculative grade, sometimes also referred to as "junk" bonds.
Country | Rating | Trend | Date | Ref. |
---|---|---|---|---|
Argentina | D | N/A | 2014-07-31 | [70] |
Australia | AAA | Stable | 2014-07-31 | [70] |
Austria | AAA | Stable | 2014-06-13 | [70] |
Belgium | AA(high) | Stable | 2014-03-21 | [70] |
Brazil | BBB | Stable | 2014-08-01 | [70] |
Canada | AAA | Stable | 2014-07-18 | [70] |
Chile | AA(low) | Stable | 2014-02-28 | [70] |
Colombia | BBB | Stable | 2014-04-30 | [70] |
Cyprus | B(low) | Stable | 2014-06-27 | [70] |
Denmark | AAA | Stable | 2014-07-25 | [70] |
European Union | AAA | Stable | 2014-07-11 | [70] |
Finland | AAA | Stable | 2014-05-16 | [70] |
France | AAA | Stable | 2014-05-30 | [70] |
Germany | AAA | Stable | 2014-04-11 | [70] |
Greece | B | Stable | 2014-07-11 | [70] |
India | BBB(low) | Stable | 2013-09-30 | [70] |
Ireland | A(low) | Stable | 2014-03-28 | [70] |
Italy | A(low) | Negative | 2014-04-11 | [70] |
Japan | A(high) | Stable | 2013-11-20 | [70] |
Mexico | BBB(high) | Stable | 2014-03-31 | [70] |
Netherlands | AAA | Stable | 2014-04-25 | [70] |
Norway | AAA | Stable | 2014-07-04 | [70] |
Peru | BBB(high) | Stable | 2014-05-30 | [70] |
Portugal | BBB(low) | Stable | 2014-05-23 | [70] |
Spain | A(low) | Negative | 2014-04-11 | [70] |
Sweden | AAA | Stable | 2014-06-13 | [70] |
Switzerland | AAA | Stable | 2013-12-27 | [70] |
Turkey | BBB(low) | Stable | 2014-07-28 | [70] |
United Kingdom | AAA | Stable | 2014-07-18 | [70] |
United States | AAA | Stable | 2014-04-22 | [70] |
Uruguay | BBB(low) | Stable | 2014-05-30 | [70] |
JCR
Japan Credit Rating Agency (JCR) is a credit rating agency based in Japan. JCR is a Nationally Recognized Statistical Rating Organization by the U.S. Securities and Exchange Commission.
Country | Rating | Outlook | Date | Ref. |
---|---|---|---|---|
Australia | AAA | Stable | 2012-07-02 | [71] |
Belgium | AAA | Stable | 2013-03-25 | [71] |
Brazil | BBB | Stable | 2012-11-15 | [71] |
Canada | AAA | Stable | 2012-09-04 | [71] |
Czech Republic | A | Stable | 2012-12-21 | [71] |
Denmark | AAA | Stable | 2013-02-14 | [71] |
Finland | AAA | Stable | 2013-04-19 | [71] |
France | AAA | Stable | 2013-04-26 | [71] |
Germany | AAA | Stable | 2013-02-28 | [71] |
Hong Kong | AA+ | Stable | 2012-09-05 | [71] |
Hungary | BBB | Positive | 2016-02-17 | [71] |
India | BBB+ | Stable | 2012-11-30 | [71] |
Indonesia | BBB- | Stable | 2012-11-13 | [71] |
Italy | AA- | Negative | 2013-04-10 | [71] |
Japan | AAA | Stable | 2013-03-15 | [71] |
Malaysia | A | Stable | 2012-10-19 | [71] |
Mexico | A- | Stable | 2012-12-21 | [71] |
Netherlands | AAA | Stable | 2012-10-04 | [71] |
Norway | AAA | Stable | 2012-08-02 | [71] |
Philippines | BBB+ | Stable | 2015-07-07 | [71][72] |
Poland | A | Stable | 2013-03-01 | [71] |
Portugal | A | Stable | 2013-03-15 | [71] |
Romania | BBB- | Stable | 2013-03-28 | [71] |
Russia | BBB- | Negative | 2014-12-26 | [71] |
Singapore | AAA | Stable | 2012-02-01 | [71] |
South Korea | A+ | Stable | 2013-01-24 | [71] |
Slovakia | A+ | Stable | 2012-11-08 | [71] |
Slovenia | AA- | Negative | 2012-06-13 | [71] |
Spain | AA | Negative | 2013-04-12 | [71] |
Thailand | A- | Stable | 2013-04-02 | [71] |
Turkey | BBB- | Stable | 2013-05-23 | [71] |
United Kingdom | AAA | Stable | 2012-06-29 | [71] |
United States | AAA | Stable | 2012-03-09 | [71] |
Dagong
Dagong is a credit rating agency based in China.
World map ratings by Dagong (Jul 2013)
Country | Rating | Outlook | Date | Ref. |
---|---|---|---|---|
Algeria | BBB- | Stable | 2014-10 | [73] |
Angola | BB- | Stable | 2013-05-31 | [74] |
Argentina | D | Negative | 2014-07-31 | [74] |
Australia | AA+ | Stable | 2013-11 | [73] |
Austria | AA+ | Stable | 2014-12 | [73] |
Bahrain | A- | Stable | 2014-08 | [73] |
Bangladesh | BB- | Stable | 2013-11 | [73] |
Belarus | BB- | Negative | 2014-01 | [73] |
Belgium | A+ | Stable | 2014-10 | [73] |
Bolivia | BBB- | Stable | 2013-05-15 | [74] |
Bosnia and Herzegovina | B | Stable | 2014-05 | [73] |
Botswana | A | Stable | 2013-04-07 | [74] |
Brazil | A- | Negative | 2014-01 | [73] |
Bulgaria | BBB- | Stable | 2013-09 | [73] |
Cambodia | B | Stable | 2013-03-15 | [74] |
Canada | AA+ | Stable | 2014-04 | [73] |
Cayman Islands | AA- | Stable | 2013-11 | [73] |
Chile | AA- | Stable | 2014-02 | [73] |
China | AAA | Stable | 2014-09 | [73] |
Colombia | BBB+ | Stable | 2013-07-24 | [75] |
Croatia | BB+ | Negative | 2014-05 | [73] |
Czech Republic | A+ | Stable | 2013-09 | [73] |
Democratic Republic of Congo | CCC | Stable | 2013-05-16 | [74] |
Denmark | AA+ | Stable | 2014-01 | [73] |
Ecuador | B- | Stable | 2014-07 | [73] |
Egypt | B- | Stable | 2015-06 | [74][76] |
Estonia | A | Stable | 2013-11 | [73] |
Ethiopia | CCC | Stable | 2014-03 | [73] |
Finland | AA+ | Stable | 2014-11 | [73] |
France | A+ | Negative | 2014-01 | [73] |
Georgia | BB- | Stable | 2014-03 | [73] |
Germany | AA+ | Stable | 2013-12 | [73] |
Ghana | B | Stable | 2013-04-24 | [74] |
Greece | CC | Stable | 2014-03 | [73] |
Hong Kong | AAA | Stable | 2013-12 | [73] |
Hungary | BBB- | Stable | 2014-07 | [73] |
Iceland | BB- | Stable | 2012-10 | [74] |
India | BBB | Positive | 2014-12 | [73] |
Indonesia | BBB- | Negative | 2014-01 | [73] |
Ireland | BBB | Stable | 2014-10 | [73] |
Israel | A- | Stable | 2014-01 | [73] |
Italy | BBB- | Negative | 2014-01 | [73] |
Japan | A+ | Negative | 2014-08 | [73] |
Jordan | B- | Stable | 2013-05-15 | [74] |
Kazakhstan | BBB- | Stable | 2014-03 | [73] |
Kenya | B | Stable | 2014-07 | [73] |
Kuwait | AA | Stable | 2014-06 | [73] |
Latvia | BBB- | Stable | 2014-01 | [73] |
Lithuania | BBB | Positive | 2014-08 | [73] |
Luxembourg | AAA | Stable | 2013-12 | [73] |
Macao | AA+ | Stable | 2013-12 | [73] |
Madagascar | CCC | Stable | 2012-05 | [74] |
Malaysia | A+ | Stable | 2014-07 | [73] |
Malta | A- | Negative | 2014-03 | [73] |
Mauritius | BBB | Stable | 2012-07 | [74] |
Mexico | BBB | Stable | 2013-11 | [73] |
Micronesia | BB- | Stable | 2013-02 | [74] |
Mongolia | BB- | Stable | 2013-12 | [73] |
Morocco | BBB | Negative | 2014-03 | [73] |
Netherlands | AA+ | Negative | 2013-09 | [73] |
New Zealand | AA | Negative | 2014-01 | [74] |
Nigeria | BB+ | Stable | 2014-07 | [73] |
Norway | AAA | Stable | 2014-09 | [73] |
Oman | AA- | Stable | 2014-08 | [73] |
Pakistan | CCC- | Negative | 2014-04 | [73] |
Panama | A- | Stable | 2013-07-01 | [74] |
Paraguay | BB- | Stable | 2014-05 | [73] |
Peru | BBB+ | Stable | 2014-09 | [73] |
Philippines | BB- | Negative | 2014-01 | [73] |
Poland | A- | Negative | 2013-12 | [73] |
Portugal | BB | Negative | 2013-09 | [73] |
Qatar | AA- | Stable | 2014-07 | [73] |
Romania | BB | Stable | 2014-10 | [73] |
Russia | A | Stable | 2013-11 | [73] |
Saudi Arabia | AA | Stable | 2014-08 | [73] |
Serbia | BB- | Negative | 2013-11 | [73] |
Singapore | AAA | Stable | 2014-12 | [73] |
South Africa | A- | Negative | 2013-11 | [73] |
South Korea | AA- | Stable | 2013-11 | [73] |
South Sudan | CC | Stable | 2013-02 | [74] |
Spain | BBB+ | Stable | 2014-05 | [73] |
Sri Lanka | B+ | Negative | 2013-03-18 | [74] |
Sudan | C | Stable | 2013-02 | [74] |
Suriname | BB+ | Stable | 2013-05-20 | [74] |
Sweden | AA+ | Stable | 2014-01 | [73] |
Switzerland | AAA | Stable | 2013-11 | [73] |
Taiwan | AA- | Stable | 2013-03-06 | [74] |
Thailand | BBB | Negative | 2014-05 | [73] |
Tunisia | BB | Negative | 2014-07 | [73] |
Turkey | BB- | Stable | 2013-12 | [73] |
Turkmenistan | BBB+ | Stable | 2013-05-14 | [74] |
United Kingdom | A+ | Stable | 2014-11 | [73] |
United States | A- | Stable | 2014-12 | [73] |
Ukraine | CCC | Negative | 2014-05 | [73] |
United Arab Emirates | BBB+ | Stable | 2014-02 | [73] |
Uruguay | BB+ | Stable | 2014-12 | [73] |
Uzbekistan | BBB | 2013-03-27 | [74] | |
Venezuela | BB- | Negative | 2014-07-02 | [74] |
Vietnam | B+ | Stable | 2014-05 | [73] |
Yemen | CCC | Negative | 2013-05-23 | [74] |
Not rated
UN member states that have not been assigned a credit rating by any of the seven rating agencies.
Country | Details |
---|---|
Afghanistan | |
Antigua and Barbuda | |
Bhutan | |
Brunei Darussalam | |
Burundi | |
Central African Republic | |
Chad | |
Comoros | |
Congo | |
Cote d'Ivoire | |
Djibouti | |
Dominica | |
Equatorial Guinea | |
Eritrea | |
Gambia | Fitch suspended Gambia’s credit rating after its only traded international bond expired[77] |
Guinea | |
Guinea-Bissau | |
Guyana | |
Haiti | |
Iran | Fitch has withdrawn all ratings for Iran following the maturity and full repayment of the last outstanding sovereign eurobond on 21 April 2008.[78] |
Iraq | |
Kiribati | |
Kyrgyzstan | |
Laos | |
Liberia | |
Libya | Fitch has withdrawn all ratings for Libya because it doesn't have enough information to maintain coverage of the issuer.[79] |
Malawi | |
Maldives | |
Mali | Mali was given a credit rating in 2004 as part of a UN development initiative,[80] but the rating was later withdrawn.[81] |
Marshall Islands | |
Mauritania | |
Monaco | |
Myanmar | |
Nauru | |
Nepal | |
Niger | |
North Korea | |
Palau | |
Saint Kitts and Nevis | |
Saint Lucia | |
Samoa | |
Sao Tome and Principe | |
Sierra Leone | |
Solomon Islands | |
Somalia | |
Swaziland | |
Syria | |
Tajikistan | |
Tanzania | |
Timor Leste | |
Togo | |
Tonga | |
Tuvalu | |
Vanuatu | |
Zimbabwe |
See also
References
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- ^ Reference for the United States: "United States of America Long-Term Rating Lowered To 'AA+' On Political Risks And Rising Debt Burden; Outlook Negative". Standard & Poor's. Retrieved August 5, 2011.
- ^ "S&P | Ratings Credit Ratings Definitions & FAQs | Americas". Standardandpoors.com. Retrieved 2013-02-25.
- ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag ah ai aj ak al am an ao ap aq ar as at au av aw ax ay az ba bb bc bd be bf bg bh bi bj bk bl bm bn bo bp bq br bs bt bu bv bw bx by bz ca cb cc cd ce cf cg ch ci cj ck cl cm cn co cp cq cr cs ct cu cv cw cx cy cz da db dc dd de df dg dh di dj dk dl dm dn do dp dq dr ds dt du dv "Sovereigns Ratings List; Standard & Poor's". Standardandpoors.com. Retrieved 2015-06-06. Note: this source is continually updated.
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- ^ http://www.egyptindependent.com//news/standard-poor-s-changes-egypt-s-outlook-positive-affirms-b-b-rating
- ^ "S&P | Estonia Ratings Affirmed At 'AA-/A-1+'; Outlook Revised To Stable On Economic Resilience And Political Stability". Standard and Poor's. Retrieved 2013-11-03.
- ^ Standards and Poor’s downgrades Grenada's credit rating Jamaica Gleaner. March 13, 2013. Accessed March 21, 2013
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- ^ "India gets a bad appraisal: S&P revises outlook to 'negative' - The Times of India". The Times Of India. 2012-04-26.
- ^ [1] Finance Ministry of Latvia
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- ^ "Fitch Downgrades Argentina's FC IDR to 'RD'". FitchResearch. 2014-07-31. Retrieved 2014-07-31.
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- ^ "investment grade : defined at Finance Glossary". Finance-glossary.com. Retrieved 2013-02-25.
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- ^ Bases, Daniel (3 April 2012). "Moody's cuts Bosnia rating one notch to B3". Reuters.
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