List of countries by credit rating

From Wikipedia, the free encyclopedia

This article contains a list of countries by credit rating, showing long-term foreign currency credit ratings for government bonds as reported by the largest three major credit rating agencies: Standard & Poor's, Fitch, and Moody's. The list also includes all administrative divisions not issuing sovereign bonds, but it excludes regions, provinces and municipalities issuing sub-sovereign bonds.

Standard & Poor's

Map of S&P's sovereign long-term foreign credit ratings as of July 2025.[needs update]
Legend:
  AAA   AA+   AA   AA−
  A+   A   A−   BBB+
  BBB   BBB−   BB+   BB
  BB−   B+   B   B−
  CCC+   CCC   CCC−   SD/D

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. An SD rating indicates that the country has selectively defaulted on some outstanding obligations.[1][2]

More information Country/Territory, Rating ...
Country/Territory Rating Outlook Date Ref.
Albania
BB
Stable Steady21 March 2025[3]
Andorra
A−
Stable Steady10 May 2024[4]
Angola
B−
Stable Steady4 February 2022[5]
Argentina
CCC+
Stable Steady17 December 2025[6]
Armenia
BB−
Stable Steady25 August 2023[7]
Aruba
BBB+
Stable Steady24 March 2025[8]
Australia
AAA
Stable Steady16 February 2003[9]
Austria
AA+
Stable Steady13 January 2012[10]
Azerbaijan
BB+
Positive Increase29 January 2016[11]
Bahamas
BB−
Stable Steady26 September 2025[12]
Bahrain
B
Stable Steady21 November 2025[13]
Bangladesh
B+
Stable Steady30 July 2024[14]
Barbados
B+
Stable Steady24 October 2025[15]
Belgium
AA
Negative Decrease25 April 2025[16]
Belize
B−
Stable Steady9 November 2021[5]
Benin
BB−
Stable Steady19 April 2024[17]
Bermuda
A+
Stable Steady28 April 2015[5]
Bolivia
CCC−
Negative Decrease25 June 2025[18]
Bosnia and Herzegovina
B+
Stable Steady4 August 2023[19]
Botswana
BBB
Negative Decrease12 September 2025[20]
Brazil
BB
Stable Steady19 December 2023[5]
Bulgaria
BBB+
Stable Steady10 July 2025[21]
Burkina Faso
CCC+
Stable Steady26 January 2022[22]
Cabo Verde
B
Positive Increase16 August 2024[23]
Cameroon
B−
Stable Steady22 March 2024[24]
Canada
AAA
Stable Steady29 July 2002[5]
Chad
B−
Stable Steady28 October 2024[25]
Chile
A
Stable Steady24 March 2021[26]
China
A+
Stable Steady21 September 2017[27]
Colombia
BB
Negative Decrease26 June 2025[28]
Cook Islands
B+
Positive Increase11 November 2020[5]
Costa Rica
BB
Stable Steady22 October 2025[29]
Côte d'Ivoire
BB
Stable Steady18 October 2024[30]
Croatia
A
Stable Steady14 March 2026[31]
Curacao
BBB−
Stable Steady22 February 2022[32]
Cyprus
A−
Positive Increase20 March 2026[33]
Czechia
AA−
Stable Steady28 March 2025[34]
Democratic Republic of the Congo
B−
Stable Steady28 January 2022[5]
Denmark
AAA
Stable Steady6 February 2026[35]
Dominican Republic
BB
Stable Steady19 December 2022[36]
Ecuador
B−
Stable Steady1 September 2020[37]
Egypt
B
Stable Steady10 October 2025[38]
El Salvador
B−
Stable Steady7 November 2023[5]
Estonia
A+
Stable Steady31 May 2024[39]
Ethiopia
SD
15 December 2023[40]
Falkland Islands
A+
Stable Steady22 September 2021[5]
Fiji
B+
Stable Steady22 September 2021[5]
Finland
AA+
Stable Steady10 October 2014[41]
France
A+
Stable Steady17 October 2025[42]
Georgia
BB
Stable Steady11 October 2019[43]
Germany
AAA
Stable Steady17 August 1983[44]
Ghana
B−
Stable Steady7 November 2025[45]
Greece
BBB
Stable Steady18 April 2025[46]
Guatemala
BB+
Stable Steady23 May 2025[47]
Guernsey
A+
Stable Steady13 January 2023[5]
Guinea
B+
Stable Steady18 September 2025[48]
Honduras
BB−
Negative Decrease19 July 2017[49]
Hong Kong
AA+
Stable Steady22 September 2017[50]
Hungary
BBB−
Negative Decrease11 April 2025[51]
Iceland
A+
Positive Increase6 March 2026[52]
India
BBB
Stable  Steady14 August 2025[53]
Indonesia
BBB
Stable Steady31 May 2019[54]
Iraq
B−
Stable Steady3 September 2015[55]
Ireland
AA+
Stable Steady20 March 2026[56]
Israel
A
Stable Steady1 October 2024[57]
Italy
BBB+
Stable Steady11 April 2025[58]
Jamaica
BB
Stable Steady25 September 2025[59]
Japan
A+
Stable Steady16 September 2015[60]
Jersey
AA−
Stable Steady16 January 2021[61]
Jordan
BB−
Stable Steady6 September 2024[62]
Kazakhstan
BBB−
Positive Increase17 February 2016[63]
Kenya
B
Stable Steady22 August 2025[64]
Kuwait
AA−
Stable Steady21 November 2025[65]
Kyrgyzstan
B+
Stable Steady28 March 2025[66]
Laos
CCC+
Positive Increase23 October 2025[67]
Latvia
A
Stable Steady31 May 2024[68]
Lebanon
SD
11 March 2020[69]
Liechtenstein
AAA
Stable Steady2 December 1996[70]
Lithuania
A
Stable Steady31 May 2024[71]
Luxembourg
AAA
Stable Steady28 April 1994[72]
Madagascar
B−
Negative Decrease11 April 2022[73]
Malaysia
A−
Stable Steady7 October 2003[74]
Malta
A−
Stable Steady14 October 2016[75]
Mauritius
BBB−
Stable Steady21 July 2023[76]
Mexico
BBB
Stable Steady26 March 2020[5]
Moldova
BB−
Stable Steady10 October 2025[77]
Mongolia
BB−
Stable Steady30 October 2025[78]
Montenegro
B+
Stable Steady30 August 2024[79]
Montserrat
BBB−
Stable Steady2 September 2011[5]
Morocco
BBB−
Stable Steady26 September 2025[80]
Mozambique
CCC+
Negative Decrease22 November 2019[81]
Netherlands
AAA
Stable Steady20 November 2015[5]
New Zealand
AA+
Stable Steady21 February 2021[82]
Nicaragua
B+
Stable Steady23 October 2024[83]
Nigeria
B−
Positive Increase26 March 2020[84]
North Macedonia
BB−
Stable Steady24 May 2013[5]
Norway
AAA
Stable Steady9 July 1975[85]
Oman
BBB−
Stable Steady27 September 2024[86]
Pakistan
B−
Stable Steady24 July 2025[87]
Panama
BBB−
Stable Steady26 November 2024[88]
Papua New Guinea
B−
Stable Steady29 April 2020[89]
Paraguay
BBB−
Stable Steady17 December 2025[90]
Peru
BBB−
Stable Steady25 April 2024[91]
Philippines
BBB+
Positive Increase30 April 2019[92]
Poland
A−
Stable Steady12 October 2018[5]
Portugal
A+
Stable Steady29 August 2025[93]
Qatar
AA
Stable Steady4 November 2022[5]
Republic of the Congo
CCC+
Stable Steady30 October 2024[94]
Romania
BBB−
Negative Decrease16 May 2014[95]
Rwanda
B+
Stable Steady9 August 2019[96]
Saint Helena
BBB−
Stable Steady31 March 2023[97]
San Marino
BBB+
Stable Steady1 August 2025[98]
Saudi Arabia
A+
Stable Steady14 March 2025[99]
Senegal
CCC+
14 November 2025[100]
Serbia
BBB−
Stable Steady4 October 2024[101]
Singapore
AAA
Stable Steady6 March 1995[102]
Slovakia
A+
Negative Decrease31 July 2015[103]
Slovenia
AA
Stable Steady6 June 2025[104]
South Africa
BB
Positive Increase14 November 2025[105]
South Korea
AA
Stable Steady8 August 2016[106]
Spain
A+
Stable Steady12 September 2025[107]
Sri Lanka
CCC+
Stable Steady19 September 2025[108]
Suriname
CCC+
Stable Steady6 December 2023[5]
Sweden
AAA
Stable Steady16 February 2004[5]
 Switzerland
AAA
Stable Steady1 October 1988[109]
Taiwan
AA+
Stable Steady29 April 2022[5]
Tajikistan
B
Stable Steady16 August 2024[110]
Thailand
BBB+
Stable Steady26 August 2004[111]
Togo
B+
Stable Steady18 April 2025[112]
Trinidad and Tobago
BBB−
Negative Decrease26 March 2020[113]
Turkey
BB−
Stable Steady1 November 2024[114]
Turks and Caicos Islands
A−
Stable Steady26 February 2025[115]
Uganda
B−
Positive Increase6 October 2023[116]
Ukraine
CCC+
Stable Steady22 January 2026[117]
United Arab Emirates
AA
Stable Steady2 July 2007[5]
United Kingdom
AA
Stable Steady27 June 2016[118]
United States
AA+
Stable Steady5 August 2011[119]
Uruguay
BBB+
Stable Steady26 April 2023[120]
Uzbekistan
BB
Stable Steady21 November 2025[121]
Vietnam
BB+
Stable Steady26 May 2022[5]
Zambia
CCC+
Stable Steady21 November 2025[122]
Close

Fitch

Map of Fitch's sovereign long-term foreign credit ratings.
Legend:
  AAA   AA+   AA   AA−
  A+   A   A−   BBB+
  BBB   BBB−   BB+   BB
  BB−   B+   B   B−
  CCC+   CCC   CCC−   RD

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.[123] Fitch Ratings typically does not assign outlooks to sovereign ratings below B− (CCC and lower) or modifiers. CCC indicates 'Substantial Credit Risk' where 'default is a real possibility'. CC indicates 'Very High Levels of Credit Risk' where 'default of some kind appears probable'.[124]

More information Country/Territory, Rating ...
Country/Territory Rating Outlook Date Ref.
Andorra
A−
Stable Steady4 April 2025[125]
Angola
B−
Stable Steady14 November 2025[126]
Argentina
B−
Stable Steady5 May 2026[127]
Armenia
BB−
Positive Increase16 January 2026[128]
Aruba
BBB
Positive Increase3 March 2026[129]
Australia
AAA
Stable Steady27 October 2025[130]
Austria
AA
Stable Steady5 December 2025[131]
Azerbaijan
BBB−
Stable Steady13 June 2025[132]
Bahamas
BB−
Stable Steady9 April 2025[133]
Bahrain
B
Stable Steady23 February 2026[134]
Bangladesh
B+
Stable Steady22 May 2025[135]
Barbados
B+
Positive Increase9 October 2025[136]
Belarus
WD
Ratings withdrawn 6 October 2023[137]
Belgium
A+
Stable Steady13 June 2025[138]
Benin
B+
Positive Increase16 January 2026[139]
Bolivia
CCC
16 January 2026[140]
Brazil
BB
Stable Steady25 June 2025[141]
Bulgaria
BBB+
Stable Steady10 July 2025[142]
Cabo Verde
B
Stable Steady13 May 2025[143]
Cameroon
B
Negative Decrease7 November 2025[144]
Canada
AA+
Stable Steady18 July 2025[145]
Chile
A−
Stable Steady26 September 2025[146]
China
A
Stable Steady3 April 2025[147]
Colombia
BB
Stable Steady16 December 2025[148]
Costa Rica
BB
Positive Increase17 December 2025[149]
Côte d'Ivoire
BB
Stable Steady12 December 2025[150]
Croatia
A−
Stable Steady6 March 2026[151]
Cyprus
A−
Positive Increase21 November 2025[152]
Czechia
AA−
Stable Steady6 February 2026[153]
Denmark
AAA
Stable Steady3 October 2025[154]
Dominican Republic
BB−
Positive Increase7 November 2025[155]
Ecuador
B-
Stable Steady25 February 2026[156]
Egypt
B
Stable Steady10 October 2025[157]
El Salvador
B−
Stable Steady30 April 2025[158]
Estonia
A+
Stable Steady6 June 2025[159]
Ethiopia
RD
17 October 2025[160]
European Union
AAA
Stable Steady30 January 2026[161]
Finland
AA
Stable Steady25 July 2025[162]
France
A+
Stable Steady6 March 2026[163]
Gabon
CCC-
19 December 2025[164]
Georgia
BB
Stable Steady21 November 2025[165]
Germany
AAA
Stable Steady11 July 2025[166]
Ghana
B−
Stable Steady16 June 2025[167]
Greece
BBB
Stable Steady14 November 2025[168]
Guatemala
BB+
Stable Steady14 October 2025[169]
Hong Kong
AA−
Stable Steady23 May 2025[170]
Hungary
BBB
Negative Decrease5 December 2025[171]
Iceland
WD
Ratings withdrawn 6 February 2026[172]
India
BBB−
Stable Steady25 August 2025[173]
Indonesia
BBB
Negative Decrease4 March 2026[174]
Iraq
B−
Stable Steady24 November 2025[175]
Ireland
AA
Stable Steady7 November 2025[176]
Israel
A
Negative Decrease31 March 2025[177]
Italy
BBB+
Stable Steady19 September 2025[178]
Jamaica
BB−
Stable Steady5 February 2026[179]
Japan
A
Stable Steady19 January 2026[180]
Jordan
BB−
Stable Steady7 May 2025[181]
Kazakhstan
BBB
Stable Steady15 July 2025[182]
Kenya
B−
Stable Steady23 January 2026[183]
Kosovo
BB−
Stable Steady6 January 2026[184]
Kuwait
AA−
Stable Steady5 September 2025[185]
Kyrgyzstan
B
Stable Steady24 April 2025[186]
Laos
CCC+
21 October 2025[187]
Latvia
A−
Stable Steady7 November 2025[188]
Lebanon
WD
Ratings withdrawn 23 July 2023[189]
Lesotho
B
Stable Steady9 June 2025[190]
Lithuania
A
Stable Steady24 October 2025[191]
Luxembourg
AAA
Stable Steady31 October 2025[192]
Macao
AA
Stable Steady11 February 2026[193]
Malaysia
BBB+
Stable Steady8 December 2025[194]
Maldives
CC
12 June 2025[195]
Malta
A+
Stable Steady5 September 2025[196]
Mexico
BBB−
Stable Steady16 April 2025[197]
Moldova
B+
Stable Steady27 February 2026[198]
Mongolia
B+
Stable Steady1 September 2025[199]
Morocco
BB+
Stable Steady29 September 2025[200]
Mozambique
CCC
30 January 2025[201]
Namibia
BB−
Stable Steady21 November 2025[202]
  Nepal
BB−
Stable Steady18 November 2025[203]
Netherlands
AAA
Stable Steady16 January 2026[204]
New Zealand
AA+
Stable Steady17 August 2025[205]
Nicaragua
B
Stable Steady23 May 2025[206]
Nigeria
B
Stable Steady10 October 2025[207]
North Macedonia
BB+
Stable Steady19 September 2025[208]
Norway
AAA
Stable Steady13 March 1995[209]
Oman
BBB−
Stable Steady8 December 2025[210]
Pakistan
B−
Stable Steady15 April 2025[211]
Panama
BB+
Stable Steady28 March 2024[212]
Paraguay
BB+
Positive Increase6 October 2025[213]
Peru
BBB
Stable Steady20 October 2022[214]
Philippines
BBB
Stable Steady22 May 2023[215]
Poland
A−
Negative Decrease11 October 2023[216]
Portugal
A
Stable Steady12 September 2025[217]
Qatar
AA
Stable Steady20 March 2024[218]
Ras Al Khaimah, UAE
A+
Stable Steady23 May 2023[219]
Republic of the Congo
CCC+
16 September 2022[220]
Romania
BBB−
Negative Decrease17 December 2024[221]
Russia
WD
Ratings withdrawn 25 March 2022[222]
Rwanda
B+
Negative Decrease4 April 2025[223]
San Marino
BBB−
Positive Increase12 December 2025[224]
Saudi Arabia
A+
Stable Steady5 April 2023[225]
Serbia
BB+
Positive Increase9 August 2024[226]
Seychelles
BB
Stable Steady5 September 2025[227]
Singapore
AAA
Stable Steady14 May 2003[228]
Slovakia
A−
Stable Steady6 December 2024[229]
Slovenia
A+
Stable Steady3 October 2025[230]
South Africa
BB−
Stable Steady15 December 2021[231]
South Korea
AA−
Stable Steady6 September 2012[232]
Spain
A
Stable Steady26 September 2025[233]
Sri Lanka
CCC+
Positive Increase20 December 2024[234]
Suriname
WD
Ratings withdrawn 25 January 2022[235]
Sweden
AAA
Stable Steady8 March 2004[236]
 Switzerland
AAA
Stable Steady10 August 1994[237]
Taiwan
AA
Stable Steady10 September 2021[238]
Tanzania
B+
Stable Steady9 June 2023[239]
Thailand
BBB+
Negative Decrease24 September 2025[240]
Tunisia
B−
Stable Steady12 September 2025[241]
Turkey
BB−
Stable Steady6 September 2024[242]
Turkmenistan
BB−
Stable Steady2 August 2024[243]
Uganda
B
Stable Steady30 August 2024[244]
Ukraine
CCC
22 December 2025[245]
United Arab Emirates
AA−
Stable Steady11 November 2020[246]
United Kingdom
AA−
Stable Steady22 March 2024[247]
United States
AA+
Stable Steady1 August 2023[248]
Uruguay
BBB
Stable Steady7 June 2023[249]
Uzbekistan
BB
Stable Steady26 June 2025[250]
Viet Nam
BB+
Stable Steady8 December 2023[251]
Zambia
B−
Stable Steady28 November 2025[252]
Close

Moody's

Map of Moody's sovereign long-term foreign credit ratings.[needs update]
Legend:
  Aaa   Aa1   Aa2   Aa3   A1
  A2   A3   Baa1   Baa2   Baa3
  Ba1   Ba2   Ba3   B1   B2
  B3  Caa1   Caa2   Caa3   Ca   C

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.[253]

More information Country/Territory, Rating ...
Country/Territory Rating Outlook Date Ref.
Angola
B3
Positive Increase24 October 2023[254]
Albania
Ba3
Stable Steady19 October 2024[255]
Argentina
Caa1
Stable Steady17 July 2025[256]
Armenia
Ba3
Stable Steady22 June 2023[257]
Australia
Aaa
Stable Steady28 June 2022[258]
Austria
Aa1
Stable Steady24 February 2023[259]
Azerbaijan
Ba1
Stable Steady5 August 2022[260]
Bahamas
B1
Stable Steady6 October 2022[261]
Bahrain
B2
Stable Steady22 April 2022[262]
Bangladesh
B1
Stable Steady30 May 2023[263]
Barbados
B3
Stable Steady3 August 2023[264]
Belarus
C
Stable Steady2 June 2023[265]
Belgium
Aa3
Stable Steady28 April 2023[266]
Belize
Caa2
Stable Steady16 November 2022[267]
Benin
B1
Stable Steady18 September 2023[268]
Bermuda
A2
Stable Steady21 June 2022[269]
Bolivia
Caa1
Negative Decrease30 June 2023[270]
Bosnia and Herzegovina
B3
Stable Steady22 July 2022[271]
Botswana
A3
Stable Steady27 October 2023[272]
Brazil
Ba1
Positive Increase7 October 2024[273]
Bulgaria
Baa1
Stable Steady3 February 2023[274]
Cambodia
B2
Negative Decrease15 November 2022[275]
Cameroon
Caa1
Stable Steady27 July 2023[276]
Canada
Aaa
Stable Steady3 November 2022[277]
Cayman Islands
Aa3
Stable Steady8 June 2023[278]
Chile
A2
Stable Steady15 September 2022[279]
China
A1
Stable Steady27 April 2026[280]
Colombia
Baa2
Stable Steady8 June 2023[281]
Congo
Caa2
Stable Steady3 November 2023[282]
Costa Rica
Ba3
Positive Increase18 September 2024[283]
Cote d'Ivoire
Ba3
Positive Increase27 June 2022[284]
Croatia
A3
Stable Steady7 November 2024[285]
Cuba
Ca
Ratings withdrawn Decrease18 November 2021[286]
Cyprus
A3
Stable Steady22 November 2024[287]
Czechia
Aa3
Stable Steady24 November 2023[288]
Denmark
Aaa
Stable Steady11 February 2022[289]
Dominican Republic
Ba3
Positive Increase10 August 2023[290]
DR Congo
B3
Stable Steady11 November 2022[291]
Ecuador
Caa3
Stable Steady27 February 2023[292]
Egypt
Caa1
Negative Decrease18 January 2024[293]
El Salvador
B3
Stable Steady26 November 2024[294]
Estonia
A1
Stable Steady29 April 2022[295]
Eswatini
B3
Positive Increase1 December 2023[296]
Ethiopia
Caa3
Stable Steady15 September 2023[297]
Fiji
B1
Stable Steady7 October 2022[298]
Finland
Aa1
Stable Steady29 July 2022[299]
France
Aa3
Stable Steady14 December 2024[300]
Gabon
Caa1
Negative Decrease12 September 2023[301]
Georgia
Ba2
Negative Decrease28 April 2022[302]
Germany
Aaa
Stable Steady10 February 2023[303]
Ghana
Caa3
Stable Steady9 June 2023[304]
Greece
Baa3
Stable Steady14 March 2025[305]
Guatemala
Ba1
Stable Steady15 June 2022[306]
Honduras
B1
Stable Steady3 October 2023[307]
Hong Kong
Aa3
Negative Decrease6 December 2023[308]
Hungary
Ba1
Negative Decrease30 December 2025[309]
Iceland
A1
Stable Steady19 September 2024[310]
India
Baa3
Stable Steady18 August 2023[311]
Indonesia
Baa2
Negative Decrease5 February 2026[312]
Iraq
Caa1
Stable Steady24 November 2023[313]
Ireland
Aa3
Stable Steady21 April 2023[314]
Isle of Man
Aa3
Stable Steady27 October 2023[315]
Israel
Baa1
Negative Decrease27 September 2024[316]
Italy
Baa2
Stable Steady21 November 2025[317]
Jamaica
B1
Positive Increase18 October 2023[318]
Japan
A1
Stable Steady8 November 2023[319]
Jordan
B1
Positive Increase17 November 2022[320]
Kazakhstan
Baa1
Positive Increase9 September 2024[321]
Kenya
B3
Negative Decrease28 July 2023[322]
Kuwait
A1
Stable Steady26 May 2022[323]
Kyrgyzstan
B3
Negative Decrease17 October 2022[324]
Latvia
A3
Stable Steady29 April 2022[325]
Lebanon
C
Stable Steady13 December 2023[326]
Lithuania
A2
Stable Steady29 April 2022[327]
Luxembourg
Aaa
Stable Steady17 March 2023[328]
Macao
Aa3
Negative Decrease6 December 2022[329]
Malaysia
A3
Stable Steady14 April 2023[330]
Maldives
Caa2
Stable Steady11 September 2024[331]
Mali
Caa2
Stable Steady9 September 2022[332]
Malta
A2
Stable Steady18 November 2022[333]
Mauritius
Baa3
Stable Steady28 July 2022[334]
Mexico
Baa2
Stable Steady8 July 2022[335]
Moldova
B2
Stable Steady3 April 2026[336]
Mongolia
B3
Stable Steady14 February 2023[337]
Montenegro
Ba3
Stable Steady27 September 2024[338]
Morocco
Ba1
Positive Increase6 March 2026[339]
Mozambique
Caa2
Stable Steady22 September 2023[340]
Namibia
B1
Stable Steady5 April 2022[341]
Netherlands
Aaa
Stable Steady27 January 2023[342]
New Zealand
Aaa
Stable Steady21 April 2022[343]
Nicaragua
B3
Stable Steady30 March 2022[344]
Nigeria
Caa1
Positive Increase8 December 2023[345]
Norway
Aaa
Stable Steady6 May 2022[346]
Oman
Baa3
Stable Steady7 December 2023[347]
Pakistan
Caa1
Positive Increase13 August 2025[348]
Panama
Baa3
Stable Steady31 October 2023[349]
Papua New Guinea
B2
Stable Steady10 November 2022[350]
Paraguay
Baa3
Stable Steady26 July 2024[351]
Peru
Baa1
Negative Decrease31 January 2023[352]
Philippines
Baa2
Stable Steady15 September 2022[353]
Poland
A2
Stable Steady29 April 2022[354]
Portugal
A3
Stable Steady17 November 2023[355]
Qatar
Aa3
Positive Increase2 November 2022[356]
Romania
Baa3
Stable Steady3 November 2023[357]
Russia
Ca
Ratings withdrawn Decrease6 March 2022[358]
Rwanda
B2
Stable Steady8 September 2023[359]
Saint Vincent and the Grenadines
B3
Stable Steady1 March 2022[360]
Saudi Arabia
Aa3
Stable Steady22 November 2024[361]
Senegal
Ba3
Stable Steady18 March 2022[362]
Serbia
Ba2
Stable Steady8 September 2023[363]
Singapore
Aaa
Stable Steady17 May 2022[364]
Slovakia
A3
Stable Steady13 December 2024[365]
Slovenia
A3
Stable Steady21 October 2022[366]
South Africa
Ba2
Stable Steady1 April 2022[367]
South Korea
Aa2
Stable Steady21 April 2022[368]
Spain
A3
Positive Increase27 September 2025[369]
Sri Lanka
Caa1
Positive Increase23 December 2024[370]
Suriname
Caa3
Stable Steady17 February 2023[371]
Sweden
Aaa
Stable Steady25 March 2022[372]
 Switzerland
Aaa
Stable Steady17 February 2023[373]
Taiwan
Aa3
Stable Steady22 September 2022[374]
Tajikistan
B3
Stable Steady12 October 2023[375]
Thailand
Baa1
Stable Steady7 April 2022[376]
Trinidad and Tobago
Ba2
Positive Increase10 July 2023[377]
Tunisia
Caa1
Stable Steady28 February 2025[378]
Turkey
B1
Positive Increase19 July 2024[379]
Uganda
B2
Negative Decrease18 November 2022[380]
Ukraine
Ca
Stable Steady10 February 2023[381]
United Arab Emirates
Aa2
Stable Steady21 March 2023[382]
United Kingdom
Aa3
Stable Steady20 October 2023[383]
United States
Aa1
Stable Steady16 May 2025[384]
Uruguay
Baa1
Stable Steady15 March 2024[385]
Uzbekistan
Ba3
Stable Steady20 January 2023[386]
Venezuela
C
Ratings withdrawn Decrease9 March 2018[387]
Vietnam
Ba2
Stable Steady6 September 2022[388]
Zambia
Caa3
Stable Steady21 October 2022[389]
Close

Others

DBRS Morningstar

For DBRS Morningstar,[390] 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.

More information Country, Rating ...
Country Rating Outlook Date
Argentina
CCC
Stable Steady3 March 2023
Australia
AAA
Stable Steady20 January 2023
Austria
AAA
Stable Steady14 July 2023
Belgium
AA
Stable Steady4 August 2023
Brazil
BB
Stable Steady28 July 2023
Bulgaria
BBB(high)
Stable Steady2 May 2025
Canada
AAA
Stable Steady8 September 2023
China
A
Stable Steady9 November 2023
Colombia
BBB(low)
Stable Steady26 June 2023
Croatia
A
Stable Steady25 April 2025
Cyprus
A(low)
Positive Increase21 March 2025
Denmark
AAA
Stable Steady17 November 2023
Estonia
AA(low)
Stable Steady21 July 2023
European Union
AAA
Stable Steady25 May 2025
Finland
AA(high)
Stable Steady22 September 2023
France
AA(high)
Stable Steady22 September 2023
Germany
AAA
Stable Steady1 December 2023
Greece
BBB
Stable Steady7 March 2025
India
BBB
Stable Steady10 May 2025
Ireland
AA(low)
Stable Steady3 November 2023
Italy
A(low)
Stable Steady17 October 2025
Japan
A(high)
Stable Steady19 November 2023
Latvia
A
Stable Steady15 September 2023
Lithuania
A(high)
Stable Steady17 November 2023
Luxembourg
AAA
Stable Steady10 November 2023
Malta
A(high)
Stable Steady13 October 2023
Mexico
BBB
Stable Steady8 May 2023
Netherlands
AAA
Stable Steady15 September 2023
Norway
AAA
Stable Steady29 September 2023
Poland
A
Stable Steady10 November 2023
Portugal
A
Stable Steady21 July 2023
San Marino
BBB(low)
Stable Steady1 December 2023
Singapore
AAA
Stable Steady24 August 2023
Slovakia
A
Stable Steady25 August 2023
Slovenia
A(high)
Stable Steady8 December 2023
Spain
A
Stable Steady1 December 2023
Sweden
AAA
Stable Steady4 August 2023
 Switzerland
AAA
Stable Steady21 July 2023
Turkey
BB(high)
Negative Decrease17 February 2017
United Kingdom
AA
Stable Steady17 November 2023
United States
AAA
Stable Steady10 October 2023
Uruguay
BBB
Stable Steady20 November 2023
Close

Scope Ratings

For Scope[391] – the European rating agency – 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.

More information Country/Territory, Rating ...
Country/Territory Rating Outlook Date
Austria
AA+
Negative Decrease12 September 2025
Belgium
A+
Stable Steady14 November 2025
Bulgaria
A−
Stable Steady11 July 2025
China
A
Stable Steady26 July 2024
Croatia
A−
Positive Increase26 September 2025
Cyprus
A−
Positive Increase10 October 2025
Czech Republic
AA−
Stable Steady19 September 2025
Denmark
AAA
Stable Steady1 August 2025
Estonia
A+
Stable Steady5 September 2025
Finland
AA+
Negative Decrease1 August 2025
France
AA−
Negative Decrease26 September 2025
Georgia
BB
Negative Decrease10 January 2025
Germany
AAA
Stable Steady12 September 2025
Greece
BBB
Positive Increase7 November 2025
Hungary
BBB
Stable Steady10 October 2025
Ireland
AA
Stable Steady25 July 2025
Italy
BBB+
Positive Increase31 October 2025
Japan
A
Stable Steady28 February 2025
Latvia
A−
Stable Steady5 September 2025
Lithuania
A+
Stable Steady5 September 2025
Luxembourg
AAA
Stable Steady25 April 2025
Malta
A+
Stable Steady4 July 2025
Netherlands
AAA
Stable Steady12 September 2025
Norway
AAA
Stable Steady1 August 2025
Poland
A
Stable Steady13 June 2025
Portugal
A
Positive Increase31 October 2025
Romania
BBB−
Stable Steady21 November 2025
Serbia
BB+
Stable Steady27 June 2025
Slovakia
A
Negative Decrease27 June 2025
Slovenia
A+
Stable Steady16 May 2025
South Africa
BB
Stable Steady1 August 2025
Spain
A
Positive Increase21 November 2025
Sweden
AAA
Stable Steady25 July 2025
 Switzerland
AAA
Stable Steady4 October 2024
Turkey
BB−
Stable Steady24 October 2025
Ukraine
SD
30 August 2024
United Kingdom
AA
Stable Steady28 March 2025
United States
AA−
Stable Steady10 October 2025
Close

JCR

Japan Credit Rating Agency[392] (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.

More information Country/Territory, Rating ...
Country/Territory Rating Outlook Date
Australia
AAA
Stable Steady26 April 2023
Belgium
AAA
Stable Steady2 June 2023
Brazil
BBB−
Stable Steady20 December 2023
Canada
AAA
Stable Steady20 December 2023
Chile
AA−
Stable Steady4 April 2023
China
AA−
Stable Steady2 November 2023
Czechia
AA−
Stable Steady30 June 2023
Denmark
AAA
Stable Steady15 December 2023
Egypt
AA
Stable Steady8 July 2024
Finland
AAA
Stable Steady22 February 2023
France
AAA
Stable Steady6 October 2022
Germany
AAA
Stable Steady3 August 2023
Hong Kong
AA+
Stable Steady27 April 2023
Hungary
A−
Stable Steady18 February 2022
India
BBB+
Stable Steady27 December 2023
Indonesia
BBB+
Stable Steady27 July 2022
Italy
A
Stable Steady16 December 2022
Japan
AAA
Stable Steady27 December 2023
Malaysia
A+
Stable Steady12 September 2022
Mexico
A−
Stable Steady18 August 2023
Netherlands
AAA
Stable Steady9 June 2023
Norway
AAA
Stable Steady7 September 2023
Peru
A−
Stable Steady27 April 2023
Philippines
A−
Stable Steady10 March 2023
Poland
A
Stable Steady16 November 2023
Portugal
A
Stable Steady13 January 2023
Romania
BBB
Stable Steady27 November 2023
Singapore
AAA
Stable Steady22 December 2023
Slovakia
A+
Negative Decrease6 October 2022
Slovenia
AA−
Stable Steady21 September 2022
South Korea
AA
Stable Steady30 September 2022
Spain
AA
Stable Steady24 April 2023
Thailand
A
Stable Steady11 November 2022
Turkey
BB
Stable Steady10 May 2024
United Kingdom
AAA
Stable Steady25 January 2023
United States
AAA
Stable Steady26 June 2023
Uruguay
A−
Stable Steady22 November 2023
Close

China Chengxin

China Chengxin Credit Rating Group[393] is a credit rating agency based in China.

More information Country/Territory, Rating ...
Country/Territory Rating Outlook Date
Austria
AAg
Stable Steady29 December 2023
Bangladesh
BB−g
Stable Steady29 December 2023
Belgium
A+g
Stable Steady29 December 2023
Bulgaria
BBB+g
Stable Steady29 December 2023
Cambodia
Bg
Stable Steady29 December 2023
Canada
AA+g
Stable Steady13 September 2023
China
AA+g
Stable Steady29 December 2023
Egypt
BB−g
Stable Steady15 November 2023
Estonia
A+g
Stable Steady29 December 2023
France
AAg
Stable Steady16 November 2023
Greece
BB+g
Stable Steady26 October 2023
Ireland
A+g
Stable Steady29 December 2023
Israel
A+g
Stable Steady26 October 2023
Italy
BBBg
Stable Steady29 December 2023
Korea
AA+g
Stable Steady13 September 2023
Mexico
BBBg
Stable Steady29 December 2023
Mongolia
B+g
Stable Steady29 December 2023
Netherlands
AA+g
Stable Steady29 December 2023
Pakistan
CCCg
Stable Steady13 September 2023
Romania
BBBg
Stable Steady29 December 2023
Saudi Arabia
AAg
Stable Steady13 September 2023
Singapore
AAAg
Stable Steady6 November 2023
Slovenia
Ag
Stable Steady29 December 2023
South Africa
BBg
Stable Steady29 December 2023
Spain
BBBg
Stable Steady13 September 2023
 Switzerland
AAAg
Stable Steady29 December 2023
Thailand
A−g
Stable Steady29 December 2023
United Arab Emirates
Ag
Stable Steady29 December 2023
USA
AA+g
Stable Steady25 May 2023
Vietnam
BBg
Stable Steady13 September 2023
Close

CareEdge Global Ratings

CareEdge Group is an Indian credit rating agency. For CareEdge, 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. A bond is considered in default if its credit rating is D.[394]

More information Country/Territory, Rating ...
Country/Territory Rating Outlook Date
Argentina
CCC
Stable Steady3 October 2024
Australia
AA+
Stable Steady3 October 2024
Bangladesh
CCC+
Stable Steady3 October 2024
Botswana
BBB+
Stable Steady3 October 2024
Brazil
BB+
Stable Steady3 October 2024
Canada
AA+
Stable Steady3 October 2024
Chile
A−
Stable Steady3 October 2024
China
A
Stable Steady3 October 2024
Colombia
BB+
Stable Steady3 October 2024
Ecuador
B−
Stable Steady3 October 2024
Egypt
B−
Stable Steady3 October 2024
Ethiopia
D
Stable Steady3 October 2024
France
AA−
Negative Decrease5 December 2024
Germany
AAA
Stable Steady30 December 2024
Greece
BB+
Stable Steady3 February 2025
India
BBB+
Stable Steady7 February 2025
Indonesia
BBB
Stable Steady3 October 2024
Italy
BBB
Stable Steady3 October 2024
Japan
AA−
Stable Steady5 February 2025
Korea
AA−
Stable Steady12 December 2024
Malaysia
A−
Stable Steady29 November 2024
Mauritius
BBB
Stable Steady31 January 2025
Mexico
BBB−
Stable Steady3 October 2024
Morocco
BBB−
Stable Steady3 October 2024
Netherlands
AAA
Stable Steady3 October 2024
Nigeria
B
Stable Steady3 October 2024
Peru
BBB−
Stable Steady3 October 2024
Philippines
BBB+
Stable Steady3 October 2024
Portugal
A+
Stable Steady3 February 2025
Singapore
AAA
Stable Steady29 November 2024
South Africa
BB
Stable Steady3 October 2024
Spain
A
Stable Steady3 October 2024
Sweden
AAA
Stable Steady30 December 2024
Thailand
A−
Stable Steady3 February 2025
Turkiye
B+
Stable Steady3 October 2024
UAE
AA−
Stable Steady3 October 2024
United Kingdom
AA−
Stable Steady3 October 2024
United States
AA+
Stable Steady3 October 2024
Vietnam
BB+
Stable Steady3 October 2024
Close

Unrated

More information Country, Details ...
UN member states that have not been assigned a credit rating by any of the eight rating agencies
Country Details
Afghanistan
Algeria
Antigua and Barbuda
Bhutan
Brunei Darussalam
Burundi
Central African Republic
Chad
Comoros
Djibouti
Dominica
Equatorial Guinea
Eritrea
 GambiaFitch suspended Gambia's credit rating after its only traded international bond expired[395]
Guinea
Guinea-Bissau
Guyana
Haiti
 IranFitch has withdrawn all ratings for Iran following the maturity and full repayment of the last outstanding sovereign eurobond on 21 April 2008.[396]
Kiribati
Liberia
 LibyaFitch has withdrawn all ratings for Libya because it does not have enough information to maintain coverage of the issuer.[397]
Malawi
 MaliMali was given a credit rating in 2004 as part of a UN development initiative,[398] but the rating was later withdrawn.[399]
Marshall Islands
Mauritania
Monaco
Myanmar
Nauru
Niger
North Korea
Palau
Saint Kitts and Nevis
Saint Lucia
Samoa
Sao Tome and Principe
Sierra Leone
Solomon Islands
Somalia
Syria
Timor Leste
Tonga
Tuvalu
Vanuatu
Yemen
Zimbabwe
Close

See also

References

External links

Related Articles

Wikiwand AI