List of countries by credit rating

Last updated

Map of S&P's sovereign long-term foreign credit ratings as of July 2025.

Legend:

.mw-parser-output .legend{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .legend-color{display:inline-block;min-width:1.25em;height:1.25em;line-height:1.25;margin:1px 0;text-align:center;border:1px solid black;background-color:transparent;color:black}.mw-parser-output .legend-text{}
AAA
AA+
AA
AA-

A+
A
A-
BBB+

BBB
BBB-
BB+
BB

BB-
B+
B
B-

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

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.

Contents

Standard & Poor's

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]

Country/TerritoryRatingOutlookDateRef.
Flag of Albania.svg Albania
BB
Stable Steady2.svg21 March 2025 [3]
Flag of Andorra.svg Andorra
A−
Positive Increase2.svg10 May 2024 [4]
Flag of Angola.svg Angola
B−
Stable Steady2.svg4 February 2022 [5]
Flag of Argentina.svg Argentina
CCC
Stable Steady2.svg15 March 2024 [6]
Flag of Armenia.svg Armenia
BB−
Stable Steady2.svg25 August 2023 [7]
Flag of Aruba.svg Aruba
BBB
Stable Steady2.svg15 March 2021 [8]
Flag of Australia (converted).svg Australia
AAA
Stable Steady2.svg6 June 2021 [9]
Flag of Austria.svg Austria
AA+
Stable Steady2.svg26 August 2022 [10]
Flag of Azerbaijan.svg Azerbaijan
BB+
Stable Steady2.svg22 January 2021 [11]
Flag of the Bahamas.svg Bahamas
B+
Stable Steady2.svg12 November 2021 [12]
Flag of Bahrain.svg Bahrain
B+
Stable Steady2.svg24 November 2023 [13]
Flag of Bangladesh.svg Bangladesh
BB−
Negative Decrease2.svg24 July 2023 [10]
Flag of Barbados.svg Barbados
B−
Positive Increase2.svg26 October 2023 [14]
Flag of Belgium (civil).svg Belgium
AA
Stable Steady2.svg28 February 2014 [10]
Flag of Belize.svg Belize
B−
Stable Steady2.svg9 November 2021 [15]
Flag of Benin.svg Benin
B+
Positive Increase2.svg20 October 2023 [16]
Flag of Bermuda.svg Bermuda
A+
Stable Steady2.svg28 April 2015 [10]
Flag of Bolivia.svg Bolivia
CCC+
Negative Decrease2.svg22 November 2023 [17]
Flag of Bosnia and Herzegovina.svg Bosnia and Herzegovina
B+
Stable Steady2.svg4 August 2023 [18]
Flag of Botswana.svg Botswana
BBB+
Stable Steady2.svg17 September 2021 [19]
Flag of Brazil.svg Brazil
BB
Positive Increase2.svg3 July 2024 [20]
Flag of Bulgaria.svg Bulgaria
BBB+
Stable Steady2.svg10 July 2025 [21]
Flag of Burkina Faso.svg Burkina Faso
CCC+
Stable Steady2.svg26 January 2022 [22]
Flag of Cape Verde.svg Cabo Verde
B−
Stable Steady2.svg19 February 2021 [10]
Flag of Cameroon.svg Cameroon
CCC+
Stable Steady2.svg10 August 2023 [23]
Flag of Canada (Pantone).svg Canada
AAA
Stable Steady2.svg29 July 2002 [10]
Flag of Chile.svg Chile
A
Negative Decrease2.svg19 October 2023 [24]
Flag of the People's Republic of China.svg China
A+
Stable Steady2.svg21 September 2017 [25]
Flag of Colombia.svg Colombia
BB+
Negative Decrease2.svg19 May 2021 [20]
Flag of the Cook Islands.svg Cook Islands
B+
Stable Steady2.svg11 November 2020 [10]
Flag of Costa Rica.svg Costa Rica
BB−
Stable Steady2.svg27 October 2023 [26]
Flag of Cote d'Ivoire.svg Côte d'Ivoire
BB−
Stable Steady2.svg6 July 2021 [27]
Flag of Croatia.svg Croatia
A−
Positive Increase2.svg13 September 2024 [28]
Flag of Curacao.svg Curacao
BBB−
Stable Steady2.svg24 February 2022 [29]
Flag of Cyprus.svg Cyprus
A−
Stable Steady2.svg13 December 2024 [30]
Flag of the Czech Republic.svg Czechia
AA−
Stable Steady2.svg24 August 2011 [10]
Flag of the Democratic Republic of the Congo.svg Democratic Republic of the Congo
B−
Stable Steady2.svg28 January 2022 [31]
Flag of Denmark.svg Denmark
AAA
Stable Steady2.svg27 February 2001 [10]
Flag of the Dominican Republic.svg Dominican Republic
BB
Stable Steady2.svg19 December 2022 [32]
Flag of Ecuador.svg Ecuador
B−
Negative Decrease2.svg1 September 2020 [20]
Flag of Egypt.svg Egypt
B−
Stable Steady2.svg20 October 2023 [33]
Flag of El Salvador.svg El Salvador
B−
Stable Steady2.svg7 November 2023 [34]
Flag of Estonia.svg Estonia
A+
Negative Decrease2.svg1 June 2024 [35]
Flag of Ethiopia.svg Ethiopia
SD
15 December 2023 [36]
Flag of the Falkland Islands.svg Falkland Islands
A+
Stable Steady2.svg22 September 2021 [20]
Flag of Fiji.svg Fiji
B+
Stable Steady2.svg22 September 2021 [37]
Flag of Finland.svg Finland
AA+
Stable Steady2.svg16 September 2016 [10]
Flag of France.svg France
AA−
Stable Steady2.svg31 May 2024 [38]
Flag of Georgia.svg Georgia
BB
Stable Steady2.svg25 February 2022 [39]
Flag of Germany.svg Germany
AAA
Stable Steady2.svg13 January 2012 [10]
Flag of Ghana.svg Ghana
SD
20 December 2022 [40]
Flag of Greece.svg Greece
BBB
Stable Steady2.svg18 April 2025 [41]
Flag of Guatemala.svg Guatemala
BB
Stable Steady2.svg11 April 2023 [42]
Flag of Guernsey.svg Guernsey
A+
Stable Steady2.svg14 January 2023 [43]
Flag of Honduras (2022-).svg Honduras
BB−
Stable Steady2.svg29 September 2023 [10]
Flag of Hong Kong.svg Hong Kong
AA+
Stable Steady2.svg21 September 2017 [44]
Flag of Hungary.svg Hungary
BBB−
Stable Steady2.svg27 January 2023 [45]
Flag of Iceland.svg Iceland
A+
Stable Steady2.svg10 November 2023 [46]
Flag of India.svg India
BBB
Stable Steady2.svg14 August 2025 [47]
Flag of Indonesia.svg Indonesia
BBB
Stable Steady2.svg27 April 2022 [48]
Flag of Iraq.svg Iraq
B−
Stable Steady2.svg17 February 2023 [49]
Flag of Ireland.svg Ireland
AA
Stable Steady2.svg19 May 2023 [50]
Flag of Israel.svg Israel
A
Negative Decrease2.svg1 October 2024 [51]
Flag of Italy.svg Italy
BBB+
Stable Steady2.svg11 April 2025 [52]
Flag of Jamaica.svg Jamaica
BB−
Stable Steady2.svg13 September 2023 [53]
Flag of Japan.svg Japan
A+
Stable Steady2.svg9 June 2020 [54]
Flag of Jersey.svg Jersey
AA−
Stable Steady2.svg16 January 2021 [55]
Flag of Jordan.svg Jordan
B+
Stable Steady2.svg20 October 2017 [56]
Flag of Kazakhstan.svg Kazakhstan
BBB−
Stable Steady2.svg3 March 2023 [57]
Flag of Kenya.svg Kenya
B−
Stable Steady2.svg2 August 2024 [58]
Flag of Kuwait.svg Kuwait
A+
Stable Steady2.svg15 July 2022 [59]
Flag of Latvia.svg Latvia
A
Stable Steady2.svg31 May 2024 [60]
Flag of Lebanon.svg Lebanon
SD
11 March 2020 [61]
Flag of Liechtenstein.svg Liechtenstein
AAA
Stable Steady2.svg26 February 2016 [10]
Flag of Lithuania.svg Lithuania
A
Stable Steady2.svg31 May 2024 [62]
Flag of Luxembourg.svg Luxembourg
AAA
Stable Steady2.svg14 January 2013 [10]
Flag of Madagascar.svg Madagascar
B−
Stable Steady2.svg9 October 2023 [63]
Flag of Malaysia.svg Malaysia
A−
Stable Steady2.svg27 June 2022 [64]
Flag of Malta.svg Malta
A−
Stable Steady2.svg13 March 2020 [65]
Flag of Mauritius.svg Mauritius
BBB−
Stable Steady2.svg21 July 2023 [66]
Flag of Mexico.svg Mexico
BBB
Stable Steady2.svg6 July 2022 [10]
Flag of Mongolia.svg Mongolia
B
Stable Steady2.svg9 November 2018 [67]
Flag of Montenegro.svg Montenegro
B+
Stable Steady2.svg30 August 2024 [68]
Flag of Montserrat.svg Montserrat
BBB−
Stable Steady2.svg2 September 2011 [10]
Flag of Morocco.svg Morocco
BB+
Stable Steady2.svg2 April 2021 [69]
Flag of Mozambique.svg Mozambique
CCC+
Stable Steady2.svg22 November 2019 [70]
Flag of the Netherlands.svg Netherlands
AAA
Stable Steady2.svg31 October 2025 [10]
Flag of New Zealand.svg New Zealand
AA+
Stable Steady2.svg21 February 2021 [71]
Flag of Nicaragua.svg Nicaragua
B
Stable Steady2.svg25 October 2022 [10]
Flag of Nigeria.svg Nigeria
B−
Stable Steady2.svg4 August 2023 [72]
Flag of North Macedonia.svg North Macedonia
BB−
Stable Steady2.svg24 May 2013 [10]
Flag of Norway.svg Norway
AAA
Stable Steady2.svg8 November 1990 [73]
Flag of Oman.svg Oman
BB+
Stable Steady2.svg29 September 2023 [10]
Flag of Pakistan.svg Pakistan
B−
Stable Steady2.svg24 July 2025 [74]
Flag of Panama.svg Panama
BB+
Negative Decrease2.svg7 November 2023 [75]
Flag of Papua New Guinea.svg Papua New Guinea
B−
Stable Steady2.svg3 June 2021 [20]
Flag of Paraguay.svg Paraguay
BB
Stable Steady2.svg15 June 2016 [10]
Flag of Peru.svg Peru
BBB
Negative Decrease2.svg12 December 2022 [76]
Flag of the Philippines.svg Philippines
BBB+
Stable Steady2.svg30 April 2019 [77]
Flag of Poland.svg Poland
A−
Stable Steady2.svg12 October 2018 [10]
Flag of Portugal (official).svg Portugal
A+
Stable Steady2.svg29 August 2025 [78]
Flag of Qatar.svg Qatar
AA
Stable Steady2.svg4 November 2022 [79]
Flag of the Republic of the Congo.svg Republic of the Congo
B−
Stable Steady2.svg28 July 2023 [10]
Flag of Romania.svg Romania
BBB−
Stable Steady2.svg16 April 2021 [10]
Flag of Rwanda.svg Rwanda
B+
Stable Steady2.svg27 January 2023 [80]
Flag of Saint Helena.svg Saint Helena
BBB−
Stable Steady2.svg31 March 2023 [81]
Flag of Saudi Arabia.svg Saudi Arabia
A+
Stable Steady2.svg15 March 2025 [82]
Flag of Senegal.svg Senegal
B+
Stable Steady2.svg6 December 2019 [83]
Flag of Serbia.svg Serbia
BBB−
Stable Steady2.svg4 October 2024 [84]
Flag of Singapore.svg Singapore
AAA
Stable Steady2.svg6 March 1995 [85]
Flag of Slovakia.svg Slovakia
A+
Negative Decrease2.svg25 April 2025 [86]
Flag of Slovenia.svg Slovenia
AA
Stable Steady2.svg6 June 2025 [87]
Flag of South Africa.svg South Africa
BB−
Stable Steady2.svg8 March 2023 [88]
Flag of South Korea.svg South Korea
AA
Stable Steady2.svg7 August 2016 [89]
Flag of Spain.svg Spain
A
Stable Steady2.svg18 March 2022 [10]
Flag of Sri Lanka.svg Sri Lanka
SD
25 April 2022 [90]
Flag of Suriname.svg Suriname
CCC+
Stable Steady2.svg6 December 2023 [10]
Flag of Sweden.svg Sweden
AAA
Stable Steady2.svg16 February 2004 [10]
Flag of Switzerland (Pantone).svg  Switzerland
AAA
Stable Steady2.svg26 June 1989 [10]
Flag of the Republic of China.svg Taiwan
AA+
Stable Steady2.svg29 April 2022 [91]
Flag of Tajikistan.svg Tajikistan
B−
Stable Steady2.svg17 February 2023 [92]
Flag of Thailand.svg Thailand
BBB+
Stable Steady2.svg13 April 2020 [93]
Flag of Togo (3-2).svg Togo
B
Stable Steady2.svg17 March 2023 [94]
Flag of Trinidad and Tobago.svg Trinidad and Tobago
BBB−
Stable Steady2.svg21 July 2022 [95]
Flag of Turkey.svg Turkey
BB−
Stable Steady2.svg2 November 2024 [96]
Flag of the Turks and Caicos Islands.svg Turks and Caicos Islands
BBB+
Stable Steady2.svg29 March 2022 [97]
Flag of Uganda.svg Uganda
B−
Stable Steady2.svg9 December 2022 [20]
Flag of Ukraine.svg Ukraine
SD
2 August 2024 [98]
Flag of the United Arab Emirates.svg United Arab Emirates
AA
Stable Steady2.svg21 March 2025 [99]
Flag of the United Kingdom.svg United Kingdom
AA
Stable Steady2.svg21 April 2023 [100]
Flag of the United States.svg United States
AA+
Stable Steady2.svg18 August 2025 [10]
Flag of Uruguay.svg Uruguay
BBB+
Stable Steady2.svg26 April 2023 [101]
Flag of Uzbekistan.svg Uzbekistan
BB−
Stable Steady2.svg4 June 2021 [102]
Flag of Vietnam.svg Vietnam
BB+
Stable Steady2.svg27 May 2022 [10]
Flag of Zambia.svg Zambia
SD
21 October 2020 [10]

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 Fitch sovereign ratings map.svg
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. [103] 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'. [104]

Country/TerritoryRatingOutlookDateRef.
Flag of Andorra.svg Andorra
A−
Stable Steady2.svg8 July 2022 [105]
Flag of Angola.svg Angola
B−
Stable Steady2.svg23 June 2023 [106]
Flag of Argentina.svg Argentina
CCC+
12 May 2025 [107]
Flag of Armenia.svg Armenia
BB−
Stable Steady2.svg28 July 2023 [108]
Flag of Aruba.svg Aruba
BBB−
Positive Increase2.svg11 March 2025 [109]
Flag of Australia (converted).svg Australia
AAA
Stable Steady2.svg13 October 2021 [110]
Flag of Austria.svg Austria
AA
Stable Steady2.svg6 June 2025 [111]
Flag of Azerbaijan.svg Azerbaijan
BBB−
Stable Steady2.svg26 July 2024 [112]
Flag of Bahrain.svg Bahrain
B+
Negative Decrease2.svg24 February 2025 [113]
Flag of Bangladesh.svg Bangladesh
B+
Stable Steady2.svg27 May 2024 [114]
Flag of Barbados.svg Barbados
B+
Stable Steady2.svg15 October 2024 [115]
Flag of Belarus.svg Belarus
WD
Ratings withdrawn 6 October 2023 [116]
Flag of Belgium (civil).svg Belgium
A+
Stable Steady2.svg13 June 2025 [117]
Flag of Benin.svg Benin
B+
Stable Steady2.svg8 March 2019 [118]
Flag of Bolivia.svg Bolivia
CCC
6 February 2024 [119]
Flag of Brazil.svg Brazil
BB
Stable Steady2.svg26 July 2023 [120]
Flag of Bulgaria.svg Bulgaria
BBB+
Stable Steady2.svg10 July 2025 [121]
Flag of Cape Verde.svg Cabo Verde
B
Stable Steady2.svg21 May 2024 [122]
Flag of Cameroon.svg Cameroon
B
Negative Decrease2.svg17 November 2023 [123]
Flag of Canada (Pantone).svg Canada
AA+
Stable Steady2.svg24 June 2020 [124]
Flag of Chile.svg Chile
A−
Stable Steady2.svg15 October 2020 [125]
Flag of the People's Republic of China.svg China
A
Stable Steady2.svg3 April 2025 [126]
Flag of Colombia.svg Colombia
BB+
Stable Steady2.svg1 July 2021 [127]
Flag of Costa Rica.svg Costa Rica
BB
Stable Steady2.svg28 Feb 2024 [128]
Flag of Cote d'Ivoire.svg Côte d'Ivoire
BB−
Stable Steady2.svg19 July 2021 [129]
Flag of Croatia.svg Croatia
A−
Stable Steady2.svg20 September 2024 [130]
Flag of Cyprus.svg Cyprus
A−
Stable Steady2.svg6 December 2024 [131]
Flag of the Czech Republic.svg Czechia
AA−
Stable Steady2.svg23 February 2024 [132]
Flag of Denmark.svg Denmark
AAA
Stable Steady2.svg10 November 2003 [133]
Flag of the Dominican Republic.svg Dominican Republic
BB−
Positive Increase2.svg29 November 2023 [134]
Flag of Ecuador.svg Ecuador
CCC+
16 August 2023 [135]
Flag of Egypt.svg Egypt
B
Stable Steady2.svg1 November 2024 [136]
Flag of El Salvador.svg El Salvador
B−
Stable Steady2.svg7 January 2025 [137]
Flag of Estonia.svg Estonia
A+
Stable Steady2.svg28 July 2023 [138]
Flag of Ethiopia.svg Ethiopia
RD
27 December 2023 [139]
Flag of Europe.svg European Union
AAA
Stable Steady2.svg6 May 1999 [140]
Flag of Finland.svg Finland
AA
Stable Steady2.svg25 July 2025 [141]
Flag of France.svg France
AA−
Stable Steady2.svg28 April 2023 [142]
Flag of Gabon.svg Gabon
CCC
24 January 2025 [143]
Flag of Georgia.svg Georgia
BB
Stable Steady2.svg21 June 2024 [144]
Flag of Germany.svg Germany
AAA
Stable Steady2.svg10 August 1994 [145]
Flag of Ghana.svg Ghana
B−
Stable Steady2.svg16 June 2025 [146]
Flag of Greece.svg Greece
BBB−
Positive Increase2.svg16 May 2025 [147]
Flag of Guatemala.svg Guatemala
BB
Positive Increase2.svg7 February 2025 [148]
Flag of Honduras (2022-).svg Honduras
B
Stable Steady2.svg30 August 2023 [149]
Flag of Hong Kong.svg Hong Kong
AA−
Stable Steady2.svg20 April 2020 [150]
Flag of Hungary.svg Hungary
BBB
Negative Decrease2.svg20 January 2023 [151]
Flag of Iceland.svg Iceland
A
Positive Increase2.svg8 August 2025 [152]
Flag of India.svg India
BBB−
Stable Steady2.svg10 June 2022 [153]
Flag of Indonesia.svg Indonesia
BBB
Stable Steady2.svg20 December 2017 [154]
Flag of Iraq.svg Iraq
B−
Stable Steady2.svg24 March 2021 [155]
Flag of Ireland.svg Ireland
AA
Stable Steady2.svg31 May 2024 [156]
Flag of Israel.svg Israel
A
Negative Decrease2.svg12 August 2024 [157]
Flag of Italy.svg Italy
BBB
Positive Increase2.svg4 April 2025 [158]
Flag of Jamaica.svg Jamaica
BB−
Positive Increase2.svg5 March 2024 [159]
Flag of Japan.svg Japan
A
Stable Steady2.svg25 March 2022 [160]
Flag of Jordan.svg Jordan
BB−
Stable Steady2.svg7 December 2021 [161]
Flag of Kazakhstan.svg Kazakhstan
BBB
Stable Steady2.svg29 April 2016 [162]
Flag of Kenya.svg Kenya
B−
Stable Steady2.svg2 August 2024 [163]
Flag of Kosovo.svg Kosovo
BB−
Stable Steady2.svg19 April 2024 [164]
Flag of Kuwait.svg Kuwait
AA−
Stable Steady2.svg27 January 2022 [165]
Flag of Laos.svg Laos
WD
Ratings withdrawn 10 October 2022 [166]
Flag of Latvia.svg Latvia
A−
Positive Increase2.svg28 July 2023 [167]
Flag of Lebanon.svg Lebanon
WD
Ratings withdrawn 23 July 2023 [168]
Flag of Lesotho.svg Lesotho
B
Stable Steady2.svg22 July 2022 [169]
Flag of Lithuania.svg Lithuania
A
Stable Steady2.svg31 January 2020 [170]
Flag of Luxembourg.svg Luxembourg
AAA
Stable Steady2.svg10 August 1994 [171]
Flag of Macau.svg Macao
AA
Stable Steady2.svg15 April 2021 [172]
Flag of Malaysia.svg Malaysia
BBB+
Stable Steady2.svg4 December 2020 [173]
Flag of Maldives.svg Maldives
CC
29 August 2024 [174]
Flag of Malta.svg Malta
A+
Stable Steady2.svg17 April 2020 [175]
Flag of Mexico.svg Mexico
BBB−
Stable Steady2.svg15 April 2020 [176]
Flag of Moldova.svg Moldova
B+
Stable Steady2.svg27 September 2024 [177]
Flag of Mongolia.svg Mongolia
B+
Stable Steady2.svg18 September 2024 [178]
Flag of Morocco.svg Morocco
BB+
Stable Steady2.svg23 October 2020 [179]
Flag of Mozambique.svg Mozambique
CCC
7 February 2025 [180]
Flag of Namibia.svg Namibia
BB−
Stable Steady2.svg24 June 2022 [181]
Flag of the Netherlands.svg Netherlands
AAA
Stable Steady2.svg11 July 2014 [182]
Flag of New Zealand.svg New Zealand
AA+
Stable Steady2.svg9 September 2022 [183]
Flag of Nicaragua.svg Nicaragua
B
Stable Steady2.svg30 May 2024 [184]
Flag of Nigeria.svg Nigeria
B
Stable Steady2.svg11 April 2025 [185]
Flag of North Macedonia.svg North Macedonia
BB+
Stable Steady2.svg14 April 2023 [186]
Flag of Norway.svg Norway
AAA
Stable Steady2.svg13 March 1995 [187]
Flag of Oman.svg Oman
BB+
Stable Steady2.svg25 September 2023 [188]
Flag of Pakistan.svg Pakistan
B−
Stable Steady2.svg15 April 2025 [189]
Flag of Panama.svg Panama
BB+
Stable Steady2.svg28 March 2024 [190]
Flag of Paraguay.svg Paraguay
BB+
Stable Steady2.svg11 December 2018 [191]
Flag of Peru.svg Peru
BBB
Negative Decrease2.svg20 October 2022 [192]
Flag of the Philippines.svg Philippines
BBB
Stable Steady2.svg22 May 2023 [193]
Flag of Poland.svg Poland
A−
Stable Steady2.svg23 August 2013 [194]
Flag of Portugal (official).svg Portugal
A−
Positive Increase2.svg20 September 2024 [195]
Flag of Qatar.svg Qatar
AA
Stable Steady2.svg20 March 2024 [196]
Flag of Ras al-Khaimah.svg Ras Al Khaimah, UAE
A+
Stable Steady2.svg23 May 2023 [197]
Flag of the Republic of the Congo.svg Republic of the Congo
CCC+
16 September 2022 [198]
Flag of Romania.svg Romania
BBB−
Negative Decrease2.svg17 December 2024 [199]
Flag of Russia.svg Russia
WD
Ratings withdrawn 25 March 2022 [200]
Flag of Rwanda.svg Rwanda
B+
Negative Decrease2.svg4 April 2025 [201]
Flag of San Marino.svg San Marino
BB+
Positive Increase2.svg16 June 2025 [202]
Flag of Saudi Arabia.svg Saudi Arabia
A+
Stable Steady2.svg5 April 2023 [203]
Flag of Serbia.svg Serbia
BB+
Positive Increase2.svg9 August 2024 [204]
Flag of Seychelles.svg Seychelles
BB−
Positive Increase2.svg15 March 2024 [205]
Flag of Singapore.svg Singapore
AAA
Stable Steady2.svg14 May 2003 [206]
Flag of Slovakia.svg Slovakia
A−
Stable Steady2.svg6 December 2024 [207]
Flag of Slovenia.svg Slovenia
A
Positive Increase2.svg4 April 2025 [208]
Flag of South Africa.svg South Africa
BB−
Stable Steady2.svg15 December 2021 [209]
Flag of South Korea.svg South Korea
AA−
Stable Steady2.svg6 September 2012 [210]
Flag of Spain.svg Spain
A−
Stable Steady2.svg19 January 2018 [211]
Flag of Sri Lanka.svg Sri Lanka
CCC+
Positive Increase2.svg20 December 2024 [212]
Flag of Suriname.svg Suriname
WD
Ratings withdrawn 25 January 2022 [213]
Flag of Sweden.svg Sweden
AAA
Stable Steady2.svg8 March 2004 [214]
Flag of Switzerland (Pantone).svg  Switzerland
AAA
Stable Steady2.svg10 August 1994 [215]
Flag of the Republic of China.svg Taiwan
AA
Stable Steady2.svg10 September 2021 [216]
Flag of Tanzania.svg Tanzania
B+
Stable Steady2.svg9 June 2023 [217]
Flag of Thailand.svg Thailand
BBB+
Stable Steady2.svg17 March 2020 [218]
Flag of Tunisia.svg Tunisia
CCC+
16 September 2024 [219]
Flag of Turkey.svg Turkey
BB−
Stable Steady2.svg6 September 2024 [220]
Flag of Turkmenistan.svg Turkmenistan
BB−
Stable Steady2.svg2 August 2024 [221]
Flag of Uganda.svg Uganda
B
Stable Steady2.svg30 August 2024 [222]
Flag of Ukraine.svg Ukraine
RD
13 August 2024 [223]
Flag of the United Arab Emirates.svg United Arab Emirates
AA−
Stable Steady2.svg11 November 2020 [224]
Flag of the United Kingdom.svg United Kingdom
AA−
Stable Steady2.svg22 March 2024 [225]
Flag of the United States.svg United States
AA+
Stable Steady2.svg1 August 2023 [226]
Flag of Uruguay.svg Uruguay
BBB
Stable Steady2.svg7 June 2023 [227]
Flag of Uzbekistan.svg Uzbekistan
BB
Stable Steady2.svg26 June 2025 [228]
Flag of Vietnam.svg Viet Nam
BB+
Stable Steady2.svg8 December 2023 [229]
Flag of Zambia.svg Zambia
RD
18 November 2020 [230]

Moody's

Map of Moody's sovereign long-term foreign credit ratings.

Legend:

Aaa
Aa1
Aa2
Aa3
A1

A2
A3
Baa1
Baa2
Baa3

Ba1
Ba2
Ba3
B1
B2

B3
Caa1
Caa2
Caa3
Ca
C Moodys sovereign ratings map.svg
Map of Moody's sovereign long-term foreign credit ratings.
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. [231]

Country/TerritoryRatingOutlookDateRef.
Flag of Angola.svg Angola
B3
Positive Increase2.svg24 October 2023 [232]
Flag of Albania.svg Albania
Ba3
Stable Steady2.svg19 October 2024 [233]
Flag of Argentina.svg Argentina
Ca
Stable Steady2.svg27 September 2022 [234]
Flag of Armenia.svg Armenia
Ba3
Stable Steady2.svg22 June 2023 [235]
Flag of Australia (converted).svg Australia
Aaa
Stable Steady2.svg28 June 2022 [236]
Flag of Austria.svg Austria
Aa1
Stable Steady2.svg24 February 2023 [237]
Flag of Azerbaijan.svg Azerbaijan
Ba1
Stable Steady2.svg5 August 2022 [238]
Flag of the Bahamas.svg Bahamas
B1
Stable Steady2.svg6 October 2022 [239]
Flag of Bahrain.svg Bahrain
B2
Stable Steady2.svg22 April 2022 [240]
Flag of Bangladesh.svg Bangladesh
B1
Stable Steady2.svg30 May 2023 [241]
Flag of Barbados.svg Barbados
B3
Stable Steady2.svg3 August 2023 [242]
Flag of Belarus.svg Belarus
C
Stable Steady2.svg2 June 2023 [243]
Flag of Belgium (civil).svg Belgium
Aa3
Stable Steady2.svg28 April 2023 [244]
Flag of Belize.svg Belize
Caa2
Stable Steady2.svg16 November 2022 [245]
Flag of Benin.svg Benin
B1
Stable Steady2.svg18 September 2023 [246]
Flag of Bermuda.svg Bermuda
A2
Stable Steady2.svg21 June 2022 [247]
Flag of Bolivia.svg Bolivia
Caa1
Negative Decrease2.svg30 June 2023 [248]
Flag of Bosnia and Herzegovina.svg Bosnia and Herzegovina
B3
Stable Steady2.svg22 July 2022 [249]
Flag of Botswana.svg Botswana
A3
Stable Steady2.svg27 October 2023 [250]
Flag of Brazil.svg Brazil
Ba1
Positive Increase2.svg7 October 2024 [251]
Flag of Bulgaria.svg Bulgaria
Baa1
Stable Steady2.svg3 February 2023 [252]
Flag of Cambodia.svg Cambodia
B2
Negative Decrease2.svg15 November 2022 [253]
Flag of Cameroon.svg Cameroon
Caa1
Stable Steady2.svg27 July 2023 [254]
Flag of Canada (Pantone).svg Canada
Aaa
Stable Steady2.svg3 November 2022 [255]
Flag of the Cayman Islands.svg Cayman Islands
Aa3
Stable Steady2.svg8 June 2023 [256]
Flag of Chile.svg Chile
A2
Stable Steady2.svg15 September 2022 [257]
Flag of the People's Republic of China.svg China
A1
Negative Decrease2.svg5 December 2023 [258]
Flag of Colombia.svg Colombia
Baa2
Stable Steady2.svg8 June 2023 [259]
Flag of the Republic of the Congo.svg Congo
Caa2
Stable Steady2.svg3 November 2023 [260]
Flag of Costa Rica.svg Costa Rica
Ba3
Positive Increase2.svg18 September 2024 [261]
Flag of Cote d'Ivoire.svg Cote d'Ivoire
Ba3
Positive Increase2.svg27 June 2022 [262]
Flag of Croatia.svg Croatia
A3
Stable Steady2.svg7 November 2024 [263]
Flag of Cuba.svg Cuba
Ca
Ratings withdrawn Decrease2.svg18 November 2021 [264]
Flag of Cyprus.svg Cyprus
A3
Stable Steady2.svg22 November 2024 [265]
Flag of the Czech Republic.svg Czechia
Aa3
Stable Steady2.svg24 November 2023 [266]
Flag of Denmark.svg Denmark
Aaa
Stable Steady2.svg11 February 2022 [267]
Flag of the Dominican Republic.svg Dominican Republic
Ba3
Positive Increase2.svg10 August 2023 [268]
Flag of the Democratic Republic of the Congo.svg DR Congo
B3
Stable Steady2.svg11 November 2022 [269]
Flag of Ecuador.svg Ecuador
Caa3
Stable Steady2.svg27 February 2023 [270]
Flag of Egypt.svg Egypt
Caa1
Negative Decrease2.svg18 January 2024 [271]
Flag of El Salvador.svg El Salvador
B3
Stable Steady2.svg26 November 2024 [272]
Flag of Estonia.svg Estonia
A1
Stable Steady2.svg29 April 2022 [273]
Flag of Eswatini.svg Eswatini
B3
Positive Increase2.svg1 December 2023 [274]
Flag of Ethiopia.svg Ethiopia
Caa3
Stable Steady2.svg15 September 2023 [275]
Flag of Fiji.svg Fiji
B1
Stable Steady2.svg7 October 2022 [276]
Flag of Finland.svg Finland
Aa1
Stable Steady2.svg29 July 2022 [277]
Flag of France.svg France
Aa3
Stable Steady2.svg14 December 2024 [278]
Flag of Gabon.svg Gabon
Caa1
Negative Decrease2.svg12 September 2023 [279]
Flag of Georgia.svg Georgia
Ba2
Negative Decrease2.svg28 April 2022 [280]
Flag of Germany.svg Germany
Aaa
Stable Steady2.svg10 February 2023 [281]
Flag of Ghana.svg Ghana
Caa3
Stable Steady2.svg9 June 2023 [282]
Flag of Greece.svg Greece
Baa3
Stable Steady2.svg14 March 2025 [283]
Flag of Guatemala.svg Guatemala
Ba1
Stable Steady2.svg15 June 2022 [284]
Flag of Honduras (2022-).svg Honduras
B1
Stable Steady2.svg3 October 2023 [285]
Flag of Hong Kong.svg Hong Kong
Aa3
Negative Decrease2.svg6 December 2023 [286]
Flag of Hungary.svg Hungary
Baa2
Stable Steady2.svg1 September 2023 [287]
Flag of Iceland.svg Iceland
A1
Stable Steady2.svg19 September 2024 [288]
Flag of India.svg India
Baa3
Stable Steady2.svg18 August 2023 [289]
Flag of Indonesia.svg Indonesia
Baa2
Stable Steady2.svg10 February 2022 [290]
Flag of Iraq.svg Iraq
Caa1
Stable Steady2.svg24 November 2023 [291]
Flag of Ireland.svg Ireland
Aa3
Stable Steady2.svg21 April 2023 [292]
Flag of the Isle of Man.svg Isle of Man
Aa3
Stable Steady2.svg27 October 2023 [293]
Flag of Israel.svg Israel
Baa1
Negative Decrease2.svg27 September 2024 [294]
Flag of Italy.svg Italy
Baa3
Stable Steady2.svg17 November 2023 [295]
Flag of Jamaica.svg Jamaica
B1
Positive Increase2.svg18 October 2023 [296]
Flag of Japan.svg Japan
A1
Stable Steady2.svg8 November 2023 [297]
Flag of Jordan.svg Jordan
B1
Positive Increase2.svg17 November 2022 [298]
Flag of Kazakhstan.svg Kazakhstan
Baa1
Positive Increase2.svg9 September 2024 [299]
Flag of Kenya.svg Kenya
B3
Negative Decrease2.svg28 July 2023 [300]
Flag of Kuwait.svg Kuwait
A1
Stable Steady2.svg26 May 2022 [301]
Flag of Kyrgyzstan.svg Kyrgyzstan
B3
Negative Decrease2.svg17 October 2022 [302]
Flag of Latvia.svg Latvia
A3
Stable Steady2.svg29 April 2022 [303]
Flag of Lebanon.svg Lebanon
C
Stable Steady2.svg13 December 2023 [304]
Flag of Lithuania.svg Lithuania
A2
Stable Steady2.svg29 April 2022 [305]
Flag of Luxembourg.svg Luxembourg
Aaa
Stable Steady2.svg17 March 2023 [306]
Flag of Macau.svg Macao
Aa3
Negative Decrease2.svg6 December 2022 [307]
Flag of Malaysia.svg Malaysia
A3
Stable Steady2.svg14 April 2023 [308]
Flag of Maldives.svg Maldives
Caa2
Stable Steady2.svg11 September 2024 [309]
Flag of Mali.svg Mali
Caa2
Stable Steady2.svg9 September 2022 [310]
Flag of Malta.svg Malta
A2
Stable Steady2.svg18 November 2022 [311]
Flag of Mauritius.svg Mauritius
Baa3
Stable Steady2.svg28 July 2022 [312]
Flag of Mexico.svg Mexico
Baa2
Stable Steady2.svg8 July 2022 [313]
Flag of Moldova.svg Moldova
B3
Stable Steady2.svg18 August 2023 [314]
Flag of Mongolia.svg Mongolia
B3
Stable Steady2.svg14 February 2023 [315]
Flag of Montenegro.svg Montenegro
Ba3
Stable Steady2.svg27 September 2024 [316]
Flag of Morocco.svg Morocco
Ba1
Stable Steady2.svg1 July 2022 [317]
Flag of Mozambique.svg Mozambique
Caa2
Stable Steady2.svg22 September 2023 [318]
Flag of Namibia.svg Namibia
B1
Stable Steady2.svg5 April 2022 [319]
Flag of the Netherlands.svg Netherlands
Aaa
Stable Steady2.svg27 January 2023 [320]
Flag of New Zealand.svg New Zealand
Aaa
Stable Steady2.svg21 April 2022 [321]
Flag of Nicaragua.svg Nicaragua
B3
Stable Steady2.svg30 March 2022 [322]
Flag of Nigeria.svg Nigeria
Caa1
Positive Increase2.svg8 December 2023 [323]
Flag of Norway.svg Norway
Aaa
Stable Steady2.svg6 May 2022 [324]
Flag of Oman.svg Oman
Baa3
Stable Steady2.svg7 December 2023 [325]
Flag of Pakistan.svg Pakistan
Caa1
Positive Increase2.svg13 August 2025 [326]
Flag of Panama.svg Panama
Baa3
Stable Steady2.svg31 October 2023 [327]
Flag of Papua New Guinea.svg Papua New Guinea
B2
Stable Steady2.svg10 November 2022 [328]
Flag of Paraguay.svg Paraguay
Baa3
Stable Steady2.svg26 July 2024 [329]
Flag of Peru.svg Peru
Baa1
Negative Decrease2.svg31 January 2023 [330]
Flag of the Philippines.svg Philippines
Baa2
Stable Steady2.svg15 September 2022 [331]
Flag of Poland.svg Poland
A2
Stable Steady2.svg29 April 2022 [332]
Flag of Portugal (official).svg Portugal
A3
Stable Steady2.svg17 November 2023 [333]
Flag of Qatar.svg Qatar
Aa3
Positive Increase2.svg2 November 2022 [334]
Flag of Romania.svg Romania
Baa3
Stable Steady2.svg3 November 2023 [335]
Flag of Russia.svg Russia
Ca
Ratings withdrawn Decrease2.svg6 March 2022 [336]
Flag of Rwanda.svg Rwanda
B2
Stable Steady2.svg8 September 2023 [337]
Flag of Saint Vincent and the Grenadines.svg Saint Vincent and the Grenadines
B3
Stable Steady2.svg1 March 2022 [338]
Flag of Saudi Arabia.svg Saudi Arabia
Aa3
Stable Steady2.svg22 November 2024 [339]
Flag of Senegal.svg Senegal
Ba3
Stable Steady2.svg18 March 2022 [340]
Flag of Serbia.svg Serbia
Ba2
Stable Steady2.svg8 September 2023 [341]
Flag of Singapore.svg Singapore
Aaa
Stable Steady2.svg17 May 2022 [342]
Flag of Slovakia.svg Slovakia
A3
Stable Steady2.svg13 December 2024 [343]
Flag of Slovenia.svg Slovenia
A3
Stable Steady2.svg21 October 2022 [344]
Flag of South Africa.svg South Africa
Ba2
Stable Steady2.svg1 April 2022 [345]
Flag of South Korea.svg South Korea
Aa2
Stable Steady2.svg21 April 2022 [346]
Flag of Spain.svg Spain
Baa1
Positive Increase2.svg15 March 2024 [347]
Flag of Sri Lanka.svg Sri Lanka
Caa1
Positive Increase2.svg23 December 2024 [348]
Flag of Suriname.svg Suriname
Caa3
Stable Steady2.svg17 February 2023 [349]
Flag of Sweden.svg Sweden
Aaa
Stable Steady2.svg25 March 2022 [350]
Flag of Switzerland (Pantone).svg  Switzerland
Aaa
Stable Steady2.svg17 February 2023 [351]
Flag of the Republic of China.svg Taiwan
Aa3
Stable Steady2.svg22 September 2022 [352]
Flag of Tajikistan.svg Tajikistan
B3
Stable Steady2.svg12 October 2023 [353]
Flag of Thailand.svg Thailand
Baa1
Stable Steady2.svg7 April 2022 [354]
Flag of Trinidad and Tobago.svg Trinidad and Tobago
Ba2
Positive Increase2.svg10 July 2023 [355]
Flag of Tunisia.svg Tunisia
Caa2
Stable Steady2.svg22 March 2024 [356]
Flag of Turkey.svg Turkey
B1
Positive Increase2.svg19 July 2024 [357]
Flag of Uganda.svg Uganda
B2
Negative Decrease2.svg18 November 2022 [358]
Flag of Ukraine.svg Ukraine
Ca
Stable Steady2.svg10 February 2023 [359]
Flag of the United Arab Emirates.svg United Arab Emirates
Aa2
Stable Steady2.svg21 March 2023 [360]
Flag of the United Kingdom.svg United Kingdom
Aa3
Stable Steady2.svg20 October 2023 [361]
Flag of the United States.svg United States
Aa1
Stable Steady2.svg16 May 2025 [362]
Flag of Uruguay.svg Uruguay
Baa1
Stable Steady2.svg15 March 2024 [363]
Flag of Uzbekistan.svg Uzbekistan
Ba3
Stable Steady2.svg20 January 2023 [364]
Flag of Venezuela.svg Venezuela
C
Ratings withdrawn Decrease2.svg9 March 2018 [365]
Flag of Vietnam.svg Vietnam
Ba2
Stable Steady2.svg6 September 2022 [366]
Flag of Zambia.svg Zambia
Caa3
Stable Steady2.svg21 October 2022 [367]

Others

DBRS Morningstar

For DBRS Morningstar, [368] 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.

CountryRatingOutlookDate
Flag of Argentina.svg Argentina
CCC
Stable Steady2.svg3 March 2023
Flag of Australia (converted).svg Australia
AAA
Stable Steady2.svg20 January 2023
Flag of Austria.svg Austria
AAA
Stable Steady2.svg14 July 2023
Flag of Belgium (civil).svg Belgium
AA
Stable Steady2.svg4 August 2023
Flag of Brazil.svg Brazil
BB
Stable Steady2.svg28 July 2023
Flag of Bulgaria.svg Bulgaria
BBB(high)
Stable Steady2.svg2 May 2025
Flag of Canada (Pantone).svg Canada
AAA
Stable Steady2.svg8 September 2023
Flag of the People's Republic of China.svg China
A
Stable Steady2.svg9 November 2023
Flag of Colombia.svg Colombia
BBB(low)
Stable Steady2.svg26 June 2023
Flag of Croatia.svg Croatia
A
Stable Steady2.svg25 April 2025
Flag of Cyprus.svg Cyprus
A(low)
Positive Increase2.svg21 March 2025
Flag of Denmark.svg Denmark
AAA
Stable Steady2.svg17 November 2023
Flag of Estonia.svg Estonia
AA(low)
Stable Steady2.svg21 July 2023
Flag of Europe.svg European Union
AAA
Stable Steady2.svg25 May 2025
Flag of Finland.svg Finland
AA(high)
Stable Steady2.svg22 September 2023
Flag of France.svg France
AA(high)
Stable Steady2.svg22 September 2023
Flag of Germany.svg Germany
AAA
Stable Steady2.svg1 December 2023
Flag of Greece.svg Greece
BBB
Stable Steady2.svg7 March 2025
Flag of India.svg India
BBB
Stable Steady2.svg10 May 2025
Flag of Ireland.svg Ireland
AA(low)
Stable Steady2.svg3 November 2023
Flag of Italy.svg Italy
BBB(high)
Stable Steady2.svg27 October 2023
Flag of Japan.svg Japan
A(high)
Stable Steady2.svg19 November 2023
Flag of Latvia.svg Latvia
A
Stable Steady2.svg15 September 2023
Flag of Lithuania.svg Lithuania
A(high)
Stable Steady2.svg17 November 2023
Flag of Luxembourg.svg Luxembourg
AAA
Stable Steady2.svg10 November 2023
Flag of Malta.svg Malta
A(high)
Stable Steady2.svg13 October 2023
Flag of Mexico.svg Mexico
BBB
Stable Steady2.svg8 May 2023
Flag of the Netherlands.svg Netherlands
AAA
Stable Steady2.svg15 September 2023
Flag of Norway.svg Norway
AAA
Stable Steady2.svg29 September 2023
Flag of Poland.svg Poland
A
Stable Steady2.svg10 November 2023
Flag of Portugal (official).svg Portugal
A
Stable Steady2.svg21 July 2023
Flag of San Marino.svg San Marino
BBB(low)
Stable Steady2.svg1 December 2023
Flag of Singapore.svg Singapore
AAA
Stable Steady2.svg24 August 2023
Flag of Slovakia.svg Slovakia
A
Stable Steady2.svg25 August 2023
Flag of Slovenia.svg Slovenia
A(high)
Stable Steady2.svg8 December 2023
Flag of Spain.svg Spain
A
Stable Steady2.svg1 December 2023
Flag of Sweden.svg Sweden
AAA
Stable Steady2.svg4 August 2023
Flag of Switzerland (Pantone).svg  Switzerland
AAA
Stable Steady2.svg21 July 2023
Flag of Turkey.svg Turkey
BB(high)
Negative Decrease2.svg17 February 2017
Flag of the United Kingdom.svg United Kingdom
AA
Stable Steady2.svg17 November 2023
Flag of the United States.svg United States
AAA
Stable Steady2.svg10 October 2023
Flag of Uruguay.svg Uruguay
BBB
Stable Steady2.svg20 November 2023

Scope Ratings

For Scope [369] – 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.

Country/TerritoryRatingOutlookDate
Flag of Austria.svg Austria
AA+
Stable Steady2.svg26 April 2024
Flag of Belgium (civil).svg Belgium
AA−
Negative Decrease2.svg24 January 2025
Flag of Bulgaria.svg Bulgaria
A−
Stable Steady2.svg11 July 2025
Flag of the People's Republic of China.svg People's Republic of China
A
Stable Steady2.svg26 July 2024
Flag of Croatia.svg Croatia
A−
Stable Steady2.svg18 October 2024
Flag of Cyprus.svg Cyprus
A−
Stable Steady2.svg25 October 2024
Flag of the Czech Republic.svg Czech Republic
AA−
Stable Steady2.svg26 April 2024
Flag of Denmark.svg Denmark
AAA
Stable Steady2.svg1 August 2025
Flag of Estonia.svg Estonia
A+
Stable Steady2.svg19 April 2024
Flag of Finland.svg Finland
AA+
Negative Decrease2.svg1 August 2025
Flag of France.svg France
AA−
Stable Steady2.svg18 October 2024
Flag of Georgia.svg Georgia
BB
Negative Decrease2.svg10 January 2025
Flag of Germany.svg Germany
AAA
Stable Steady2.svg27 September 2024
Flag of Greece.svg Greece
BBB
Stable Steady2.svg6 December 2024
Flag of Hungary.svg Hungary
BBB
Stable Steady2.svg8 November 2024
Flag of Ireland.svg Ireland
AA
Stable Steady2.svg25 July 2025
Flag of Italy.svg Italy
BBB+
Stable Steady2.svg12 July 2024
Flag of Japan.svg Japan
A
Stable Steady2.svg28 February 2025
Flag of Latvia.svg Latvia
A−
Stable Steady2.svg20 September 2024
Flag of Lithuania.svg Lithuania
A
Positive Increase2.svg20 September 2024
Flag of Luxembourg.svg Luxembourg
AAA
Stable Steady2.svg25 April 2025
Flag of Malta.svg Malta
A+
Stable Steady2.svg4 July 2025
Flag of the Netherlands.svg Netherlands
AAA
Stable Steady2.svg11 October 2024
Flag of Norway.svg Norway
AAA
Stable Steady2.svg1 August 2025
Flag of Poland.svg Poland
A
Stable Steady2.svg13 June 2025
Flag of Portugal (official).svg Portugal
A
Stable Steady2.svg22 November 2024
Flag of Romania.svg Romania
BBB−
Stable Steady2.svg1 March 2024
Flag of Serbia.svg Serbia
BB+
Stable Steady2.svg27 June 2025
Flag of Slovakia.svg Slovakia
A
Negative Decrease2.svg27 June 2025
Flag of Slovenia.svg Slovenia
A+
Stable Steady2.svg16 May 2025
Flag of South Africa.svg South Africa
BB
Stable Steady2.svg1 August 2025
Flag of Spain.svg Spain
A
Stable Steady2.svg18 July 2025
Flag of Sweden.svg Sweden
AAA
Stable Steady2.svg25 July 2025
Flag of Switzerland (Pantone).svg  Switzerland
AAA
Stable Steady2.svg4 October 2024
Flag of Turkey.svg Turkey
BB−
Stable Steady2.svg6 December 2024
Flag of Ukraine.svg Ukraine
SD
30 August 2024
Flag of the United Kingdom.svg United Kingdom
AA
Stable Steady2.svg28 March 2025
Flag of the United States.svg United States
AA
Negative Decrease2.svg9 May 2025

JCR


Japan Credit Rating Agency [370] (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/TerritoryRatingOutlookDate
Flag of Australia (converted).svg Australia
AAA
Stable Steady2.svg26 April 2023
Flag of Belgium (civil).svg Belgium
AAA
Stable Steady2.svg2 June 2023
Flag of Brazil.svg Brazil
BBB−
Stable Steady2.svg20 December 2023
Flag of Canada (Pantone).svg Canada
AAA
Stable Steady2.svg20 December 2023
Flag of Chile.svg Chile
AA−
Stable Steady2.svg4 April 2023
Flag of the People's Republic of China.svg China
AA−
Stable Steady2.svg2 November 2023
Flag of the Czech Republic.svg Czechia
AA−
Stable Steady2.svg30 June 2023
Flag of Denmark.svg Denmark
AAA
Stable Steady2.svg15 December 2023
Flag of Egypt.svg Egypt
AA
Stable Steady2.svg8 July 2024
Flag of Finland.svg Finland
AAA
Stable Steady2.svg22 February 2023
Flag of France.svg France
AAA
Stable Steady2.svg6 October 2022
Flag of Germany.svg Germany
AAA
Stable Steady2.svg3 August 2023
Flag of Hong Kong.svg Hong Kong
AA+
Stable Steady2.svg27 April 2023
Flag of Hungary.svg Hungary
A−
Stable Steady2.svg18 February 2022
Flag of India.svg India
BBB+
Stable Steady2.svg27 December 2023
Flag of Indonesia.svg Indonesia
BBB+
Stable Steady2.svg27 July 2022
Flag of Italy.svg Italy
A
Stable Steady2.svg16 December 2022
Flag of Japan.svg Japan
AAA
Stable Steady2.svg27 December 2023
Flag of Malaysia.svg Malaysia
A+
Stable Steady2.svg12 September 2022
Flag of Mexico.svg Mexico
A−
Stable Steady2.svg18 August 2023
Flag of the Netherlands.svg Netherlands
AAA
Stable Steady2.svg9 June 2023
Flag of Norway.svg Norway
AAA
Stable Steady2.svg7 September 2023
Flag of Peru.svg Peru
A−
Stable Steady2.svg27 April 2023
Flag of the Philippines.svg Philippines
A−
Stable Steady2.svg10 March 2023
Flag of Poland.svg Poland
A
Stable Steady2.svg16 November 2023
Flag of Portugal (official).svg Portugal
A
Stable Steady2.svg13 January 2023
Flag of Romania.svg Romania
BBB
Stable Steady2.svg27 November 2023
Flag of Singapore.svg Singapore
AAA
Stable Steady2.svg22 December 2023
Flag of Slovakia.svg Slovakia
A+
Negative Decrease2.svg6 October 2022
Flag of Slovenia.svg Slovenia
AA−
Stable Steady2.svg21 September 2022
Flag of South Korea.svg South Korea
AA
Stable Steady2.svg30 September 2022
Flag of Spain.svg Spain
AA
Stable Steady2.svg24 April 2023
Flag of Thailand.svg Thailand
A
Stable Steady2.svg11 November 2022
Flag of Turkey.svg Turkey
BB
Stable Steady2.svg10 May 2024
Flag of the United Kingdom.svg United Kingdom
AAA
Stable Steady2.svg25 January 2023
Flag of the United States.svg United States
AAA
Stable Steady2.svg26 June 2023
Flag of Uruguay.svg Uruguay
A−
Stable Steady2.svg22 November 2023

China Chengxin

China Chengxin Credit Rating Group [371] is a credit rating agency based in China.

Country/TerritoryRatingOutlookDate
Flag of Austria.svg Austria
AAg
Stable Steady2.svg29 December 2023
Flag of Bangladesh.svg Bangladesh
BB−g
Stable Steady2.svg29 December 2023
Flag of Belgium (civil).svg Belgium
A+g
Stable Steady2.svg29 December 2023
Flag of Bulgaria.svg Bulgaria
BBB+g
Stable Steady2.svg29 December 2023
Flag of Cambodia.svg Cambodia
Bg
Stable Steady2.svg29 December 2023
Flag of Canada (Pantone).svg Canada
AA+g
Stable Steady2.svg13 September 2023
Flag of the People's Republic of China.svg China
AA+g
Stable Steady2.svg29 December 2023
Flag of Egypt.svg Egypt
BB−g
Stable Steady2.svg15 November 2023
Flag of Estonia.svg Estonia
A+g
Stable Steady2.svg29 December 2023
Flag of France.svg France
AAg
Stable Steady2.svg16 November 2023
Flag of Greece.svg Greece
BB+g
Stable Steady2.svg26 October 2023
Flag of Ireland.svg Ireland
A+g
Stable Steady2.svg29 December 2023
Flag of Israel.svg Israel
A+g
Stable Steady2.svg26 October 2023
Flag of Italy.svg Italy
BBBg
Stable Steady2.svg29 December 2023
Flag of Korea (1899).svg Korea
AA+g
Stable Steady2.svg13 September 2023
Flag of Mexico.svg Mexico
BBBg
Stable Steady2.svg29 December 2023
Flag of Mongolia.svg Mongolia
B+g
Stable Steady2.svg29 December 2023
Flag of the Netherlands.svg Netherlands
AA+g
Stable Steady2.svg29 December 2023
Flag of Pakistan.svg Pakistan
CCCg
Stable Steady2.svg13 September 2023
Flag of Romania.svg Romania
BBBg
Stable Steady2.svg29 December 2023
Flag of Saudi Arabia.svg Saudi Arabia
AAg
Stable Steady2.svg13 September 2023
Flag of Singapore.svg Singapore
AAAg
Stable Steady2.svg6 November 2023
Flag of Slovenia.svg Slovenia
Ag
Stable Steady2.svg29 December 2023
Flag of South Africa.svg South Africa
BBg
Stable Steady2.svg29 December 2023
Flag of Spain.svg Spain
BBBg
Stable Steady2.svg13 September 2023
Flag of Switzerland (Pantone).svg  Switzerland
AAAg
Stable Steady2.svg29 December 2023
Flag of Thailand.svg Thailand
A−g
Stable Steady2.svg29 December 2023
Flag of the United Arab Emirates.svg United Arab Emirates
Ag
Stable Steady2.svg29 December 2023
Flag of the United States.svg USA
AA+g
Stable Steady2.svg25 May 2023
Flag of Vietnam.svg Vietnam
BBg
Stable Steady2.svg13 September 2023

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. [372]

Country/TerritoryRatingOutlookDate
Flag of Argentina.svg Argentina
CCC
Stable Steady2.svg3 October 2024
Flag of Australia (converted).svg Australia
AA+
Stable Steady2.svg3 October 2024
Flag of Bangladesh.svg Bangladesh
CCC+
Stable Steady2.svg3 October 2024
Flag of Botswana.svg Botswana
BBB+
Stable Steady2.svg3 October 2024
Flag of Brazil.svg Brazil
BB+
Stable Steady2.svg3 October 2024
Flag of Canada (Pantone).svg Canada
AA+
Stable Steady2.svg3 October 2024
Flag of Chile.svg Chile
A−
Stable Steady2.svg3 October 2024
Flag of the People's Republic of China.svg China
A
Stable Steady2.svg3 October 2024
Flag of Colombia.svg Colombia
BB+
Stable Steady2.svg3 October 2024
Flag of Ecuador.svg Ecuador
B−
Stable Steady2.svg3 October 2024
Flag of Egypt.svg Egypt
B−
Stable Steady2.svg3 October 2024
Flag of Ethiopia.svg Ethiopia
D
Stable Steady2.svg3 October 2024
Flag of France.svg France
AA−
Negative Decrease2.svg5 December 2024
Flag of Germany.svg Germany
AAA
Stable Steady2.svg30 December 2024
Flag of Greece.svg Greece
BB+
Stable Steady2.svg3 February 2025
Flag of India.svg India
BBB+
Stable Steady2.svg7 February 2025
Flag of Indonesia.svg Indonesia
BBB
Stable Steady2.svg3 October 2024
Flag of Italy.svg Italy
BBB
Stable Steady2.svg3 October 2024
Flag of Japan.svg Japan
AA−
Stable Steady2.svg5 February 2025
Flag of Korea (1899).svg Korea
AA−
Stable Steady2.svg12 December 2024
Flag of Malaysia.svg Malaysia
A−
Stable Steady2.svg29 November 2024
Flag of Mauritius.svg Mauritius
BBB
Stable Steady2.svg31 January 2025
Flag of Mexico.svg Mexico
BBB−
Stable Steady2.svg3 October 2024
Flag of Morocco.svg Morocco
BBB−
Stable Steady2.svg3 October 2024
Flag of the Netherlands.svg Netherlands
AAA
Stable Steady2.svg3 October 2024
Flag of Nigeria.svg Nigeria
B
Stable Steady2.svg3 October 2024
Flag of Peru.svg Peru
BBB−
Stable Steady2.svg3 October 2024
Flag of the Philippines.svg Philippines
BBB+
Stable Steady2.svg3 October 2024
Flag of Portugal (official).svg Portugal
A+
Stable Steady2.svg3 February 2025
Flag of Singapore.svg Singapore
AAA
Stable Steady2.svg29 November 2024
Flag of South Africa.svg South Africa
BB
Stable Steady2.svg3 October 2024
Flag of Spain.svg Spain
A
Stable Steady2.svg3 October 2024
Flag of Sweden.svg Sweden
AAA
Stable Steady2.svg30 December 2024
Flag of Thailand.svg Thailand
A−
Stable Steady2.svg3 February 2025
Flag of Turkey.svg Turkiye
B+
Stable Steady2.svg3 October 2024
Flag of the United Arab Emirates.svg UAE
AA−
Stable Steady2.svg3 October 2024
Flag of the United Kingdom.svg United Kingdom
AA−
Stable Steady2.svg3 October 2024
Flag of the United States.svg United States
AA+
Stable Steady2.svg3 October 2024
Flag of Vietnam.svg Vietnam
BB+
Stable Steady2.svg3 October 2024

Unrated

UN member states that have not been assigned a credit rating by any of the eight rating agencies
CountryDetails
Flag of the Taliban.svg Afghanistan
Flag of Algeria.svg Algeria
Flag of Antigua and Barbuda.svg Antigua and Barbuda
Flag of Bhutan.svg Bhutan
Flag of Brunei.svg Brunei Darussalam
Flag of Burundi.svg Burundi
Flag of the Central African Republic.svg Central African Republic
Flag of Chad.svg Chad
Flag of the Comoros.svg Comoros
Flag of Djibouti.svg Djibouti
Flag of Dominica.svg Dominica
Flag of Equatorial Guinea.svg Equatorial Guinea
Flag of Eritrea.svg Eritrea
Flag of The Gambia.svg  Gambia Fitch suspended Gambia's credit rating after its only traded international bond expired [373]
Flag of Guinea.svg Guinea
Flag of Guinea-Bissau.svg Guinea-Bissau
Flag of Guyana.svg Guyana
Flag of Haiti.svg Haiti
Flag of Iran.svg  Iran Fitch has withdrawn all ratings for Iran following the maturity and full repayment of the last outstanding sovereign eurobond on 21 April 2008. [374]
Flag of Kiribati.svg Kiribati
Flag of Liberia.svg Liberia
Flag of Libya.svg  Libya Fitch has withdrawn all ratings for Libya because it does not have enough information to maintain coverage of the issuer. [375]
Flag of Malawi.svg Malawi
Flag of Mali.svg  Mali Mali was given a credit rating in 2004 as part of a UN development initiative, [376] but the rating was later withdrawn. [377]
Flag of the Marshall Islands.svg Marshall Islands
Flag of Mauritania.svg Mauritania
Flag of Monaco.svg Monaco
Flag of Myanmar.svg Myanmar
Flag of Nauru.svg Nauru
Flag of Nepal.svg   Nepal
Flag of Niger.svg Niger
Flag of North Korea.svg North Korea
Flag of Palau.svg Palau
Flag of Saint Kitts and Nevis.svg Saint Kitts and Nevis
Flag of Saint Lucia.svg Saint Lucia
Flag of Samoa.svg Samoa
Flag of Sao Tome and Principe.svg Sao Tome and Principe
Flag of Sierra Leone.svg Sierra Leone
Flag of the Solomon Islands.svg Solomon Islands
Flag of Somalia.svg Somalia
Flag of Syria (2025-).svg Syria
Flag of East Timor.svg Timor Leste
Flag of Tonga.svg Tonga
Flag of Tuvalu.svg Tuvalu
Flag of Vanuatu.svg Vanuatu
Flag of Yemen.svg Yemen
Flag of Zimbabwe.svg Zimbabwe

See also

References

  1. "S&P Global Ratings Definitions".
  2. "S&P | Ratings Credit Ratings Definitions & FAQs | Americas". Standardandpoors.com. Archived from the original on 5 March 2013. Retrieved 25 February 2013.
  3. "Rating: Albania Credit Rating". countryeconomy.com.
  4. "Rating: Andorra Credit Rating". countryeconomy.com.
  5. "Rating: Angola Credit Rating". countryeconomy.com.
  6. "Argentina Long-Term Ratings Raised To 'CCC' As Debt Exchange Is Finalized; Outlook Stable". disclosure.spglobal.com.
  7. "Rating: Armenia Credit Rating". countryeconomy.com.
  8. "Aruba rating downgraded to BBB by S&P, outlook stable". EconomyNext. 15 March 2021. Retrieved 2 April 2021.
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  30. "Cyprus Upgraded To 'A-' On Economic And Fiscal Outperformance; Outlook Stable". S&P Global Ratings. 13 December 2024. Retrieved 30 April 2025.
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  32. "Rating: Dominican Republic Credit Rating". countryeconomy.com.
  33. "Rating: Egypt Credit Rating". countryeconomy.com.
  34. "Rating: El Salvador Credit Rating". countryeconomy.com.
  35. ERR, ERR | (2024-06-01). "S&P downgrades Estonia's long-term credit rating to 'A+'". ERR. Retrieved 2025-03-01.
  36. Standard & Poor's. "Ethiopia Foreign Currency Ratings Lowered To 'SD' On Suspended Eurobond Coupon Payments". S&P Global.
  37. "Rating: Fiji Credit Rating". countryeconomy.com.
  38. "Ratings agency S&P downgrades French credit score from AA to AA−". france24.com. 31 May 2024.
  39. "Rating: Georgia Credit Rating". countryeconomy.com.
  40. "Rating: Ghana Credit Rating". countryeconomy.com.
  41. Dendrinou, Viktoria (18 April 2025). "Greece's Rating Upgraded by S&P on Economic Strength". Bloomberg News . New York. Retrieved 18 April 2025.
  42. "Rating: Guatemala Credit Rating". countryeconomy.com.
  43. "S&P Global has downgraded the States of Guernsey's credit rating from 'AA−/A−1 +' to 'A+/A− 1'". gov.gg. 2023-01-14.
  44. "S&P Strips Hong Kong of AAA Rating After China Downgrade". Bloomberg. 22 September 2017.
  45. "Rating: Hungary Credit Rating". countryeconomy.com.
  46. "Iceland Ratings Raised To 'A+ ' On Strong Growth and Fiscal Consolidation; Outlook Stable".
  47. Phua, YeeFarn; Wood, Andrew (14 Aug 2025). "India Upgraded To 'BBB' On Economic Resilience And Sustained Fiscal Consolidation; Outlook Stable". spglobal.com.{{cite web}}: CS1 maint: url-status (link)
  48. "Indonesia Credit Rating". World Government Bonds. Retrieved 2020-05-19.
  49. "S&P Maintains Iraq's Credit Rating". Iraq Business News. 2023-02-17.
  50. "Rating: Ireland Credit Rating". countryeconomy.com.
  51. "S&P downgrades Israel's long-term ratings to 'A' amid Hezbollah conflict". reuters.com. October 2024.
  52. "Rating: Italy Credit Rating". countryeconomy.com.
  53. "S&P upgrades Jamaica's credit rating to 'BB−'". radiojamaicanewsonline.com.
  54. "Rating: Japan Credit Rating". countryeconomy.com.
  55. "Jersey's credit rating confirmed by Standard and Poor's". gov.je. 2021-01-16.
  56. "Rating: Jordan Credit Rating". countryeconomy.com.
  57. "Rating: Kazakhstan Credit Rating". countryeconomy.com.
  58. "Fitch Downgrades Kenya to 'B-'; Outlook Stable". fitchratings.com.
  59. "Rating: Kuwait Credit Rating". countryeconomy.com.
  60. "S&P Global Ratings". disclosure.spglobal.com. Retrieved 2025-03-01.
  61. "Rating: Lebanon Credit Rating". countryeconomy.com.
  62. "Rating: Lithuania Credit Rating". countryeconomy.com.
  63. "S&P Global Ratings affirms Madagascar at "B−" (Foreign Currency LT credit rating); outlook stable". Cbonds. 2023-10-09.
  64. "Rating: Malaysia Credit Rating". countryeconomy.com.
  65. "Rating: Malta Credit Rating". countryeconomy.com.
  66. "Rating: Mauritius Credit Rating". countryeconomy.com.
  67. "Rating: Mongolia Credit Rating". countryeconomy.com.
  68. "Rating: Montenegro Credit Rating". countryeconomy.com.
  69. "Rating: Morocco Credit Rating". countryeconomy.com.
  70. "Rating: Mozambique Credit Rating". countryeconomy.com.
  71. "S&P Global Ratings raises New Zealand's credit rating to AA+". Radio New Zealand - RNZ. 22 February 2021.
  72. "Rating: Nigeria Credit Rating". countryeconomy.com.
  73. "Rating: Norway Credit Rating". countryeconomy.com.
  74. "Pakistan Upgraded To 'B-' On Contained External Liquidity Risks And Improving Fiscal Settings; Outlook Stable". S&P Global Ratings. 24 July 2025.
  75. "Fitch Downgrades Panama to 'BB+'; Outlook Stable". www.fitchratings.com.
  76. "Rating: Peru Credit Rating". countryeconomy.com.
  77. "PH bags rating upgrade from S&P". CNN Philippines. Archived from the original on 2023-10-26. Retrieved 2019-04-30.
  78. "Portugal Raised to A+ by Moody's With Debt on Downward Path". Bloomberg. August 29, 2025. Retrieved August 29, 2025.
  79. "Rating: Qatar Credit Rating". countryeconomy.com.
  80. "Rating: Rwanda Credit Rating". countryeconomy.com.
  81. "St Helena's Investment Grade Credit Rating Affirmed". Saint Helena Government. 2023-04-05.
  82. "S&P lifts Saudi Arabia's rating on sustained economic shift away from oil". reuters.com. 14 March 2025.
  83. "Rating: Senegal Credit Rating". countryeconomy.com.
  84. "Serbia Upgraded To 'BBB-/A-3' On Strong GDP Growth And Increased External Buffers; Outlook Stable" (PDF). nbs.rs. 4 October 2024.
  85. "Rating: Singapore Credit Rating". countryeconomy.com.
  86. "Slovakia Outlook Revised To Negative On Rising Economic Risks; 'A+/A-1' Ratings Affirmed". disclosure.spglobal.com.
  87. "Research Update: Slovenia Long-Term Ratings Raised To 'AA' On Strong Public Finances And Sustained Growth; Outlook Stable". www.spglobal.com. 2025-08-04.
  88. "Rating: South Africa Credit Rating". countryeconomy.com.
  89. "South Korea's Credit Rating Raised One Level to AA by S&P". Bloomberg. 8 August 2016.
  90. "S&P cuts Sri Lanka to 'selective default' on missed payments". Reuters. Retrieved 25 April 2022.
  91. "Rating: Taiwan Credit Rating". countryeconomy.com.
  92. Standard & Poor's. "Tajikistan 'B−/B' Ratings Affirmed; Outlook Stable". S&P Global.
  93. "Rating: Thailand Credit Rating". countryeconomy.com.
  94. Standard & Poor's. "Togo 'B/B' Ratings Affirmed; Outlook Stable". S&P Global.
  95. "Rating: Trinidad and Tobago Credit Rating". countryeconomy.com.
  96. "Rating: Turkey Credit Rating". countryeconomy.com.
  97. "Turks & Caicos Islands retains it BBB+ credit rating from Standard & Poors". The Sun Turks and Caicos Islands. 2022-06-27.
  98. "Ukraine FC Rating Lowered To 'SD' On Missed Coupon Payment Amid Debt Restructuring; 'CCC+/C' LC Ratings Affirmed". S&P Global Ratings. 2 August 2024. Retrieved 3 August 2024.
  99. Jain, Shweta (March 21, 2025). "Moody's affirms UAE's rating as diversification efforts strengthen". The National.
  100. "Rating: Gabon Credit Rating". countryeconomy.com.
  101. Standard & Poor's (2023-04-26). "Research Update: Uruguay Long-Term Ratings Raised To 'BBB+' On Stronger Fiscal Policy; Outlook Stable". S&P Global.
  102. "Rating: Uzbekistan Credit Rating". countryeconomy.com.
  103. "Fitch Ratings — Definitions of Ratings and Other Forms of Opinion" (PDF). Retrieved 2013-02-25.
  104. "Rating Definitions". fitchratings.com. Fitch Ratings . Retrieved 26 December 2020.
  105. Fitch Ratings. "Fitch Affirms Andorra at 'A−'; Outlook Stable".
  106. Fitch Ratings. "Fitch Affirms Angola at 'B−'; Outlook Stable".
  107. Fitch Ratings. "Fitch Upgrades Argentina to 'CCC+'".
  108. Fitch Ratings. "Fitch Upgrades Armenia to 'BB−'; Outlook Stable".
  109. Fitch Ratings. "Fitch Upgrades Aruba to 'BBB-'; Outlook Remains Positive".
  110. Fitch Ratings. "Fitch Affirms Australia at 'AAA'; Outlook Stable".
  111. Fitch Ratings. "Fitch Downgrades Austria to 'AA'; Outlook Stable".
  112. Fitch Ratings. "Fitch Upgrades Azerbaijan to 'BBB−'; Outlook Stable".
  113. Fitch Ratings. "Fitch Revises Outlook on Bahrain to Negative; Affirms at 'B+'".
  114. Fitch Ratings. "Fitch Downgrades Bangladesh to 'B+'; Outlook Stable".
  115. Fitch Ratings. "Fitch Upgrades Barbados to 'B+'; Outlook Stable".
  116. Fitch Ratings. "Fitch Withdraws Belarus's Ratings".
  117. Fitch Ratings. "Fitch Downgrades Belgium to 'A+'; Outlook Stable".
  118. Fitch Ratings. "Fitch Affirms Benin at 'B+'; Outlook Stable".
  119. Fitch Ratings. "Fitch Downgrades Bolivia to 'CCC'".
  120. Fitch Ratings. "Fitch Upgrades Brazil to 'BB'; Outlook Stable".
  121. Fitch Ratings. "Fitch Affirms Bulgaria at 'BBB+'; Outlook Stable".
  122. Fitch Ratings. "Fitch Upgrades Cabo Verde to 'B'; Outlook Stable".
  123. Fitch Ratings. "Fitch Revises Cameroon's Outlook to Negative; Affirms at 'B'".
  124. Fitch Ratings. "Fitch Affirms Canada at 'AA+'; Outlook Stable".
  125. Fitch Ratings. "Fitch Affirms Chile at 'A−'; Outlook Stable".
  126. Fitch Ratings. "Fitch Downgrades China to 'A'; Outlook Stable".
  127. Fitch Ratings. "Fitch Affirms Colombia's 'BB+' Rating; Outlook Stable".
  128. Fitch Ratings. "Fitch Upgrades Costa Rica to 'BB'; Outlook Stable".
  129. Fitch Ratings. "Fitch Affirms Cote d'Ivoire at 'BB−'; Outlook Stable".
  130. Fitch Ratings. "Fitch Upgrades Croatia to 'A-'; Outlook Stable".
  131. "Fitch Upgrades Cyprus to 'A-'; Outlook Stable". Fitch Ratings. 6 December 2024. Retrieved 2024-12-10.
  132. Fitch Ratings. "Fitch Revises Czech Republic's Outlook to Stable; Affirms at 'AA−'".
  133. Fitch Ratings. "Fitch Affirms Denmark at 'AAA'; Outlook Stable".
  134. Fitch Ratings. "Fitch Revises Dominican Republic's Outlook to Positive; Affirms at 'BB−'".
  135. Fitch Ratings. "Fitch Downgrades Ecuador's Long-Term IDR to 'CCC+'".
  136. Fitch Ratings. "Fitch Upgrades Egypt to 'B'; Outlook Stable".
  137. Fitch Ratings. "Fitch Upgrades El Salvador to 'B-'; Outlook Stable".
  138. Fitch Ratings. "Fitch Downgrades Estonia to 'A+'; Outlook Stable".
  139. Fitch Ratings. "Fitch Downgrades Ethiopia's LTFC IDR to 'RD'".
  140. Fitch Ratings. "Fitch Affirms European Union and Euratom at 'AAA'; Outlook Stable".
  141. Fitch Ratings. "Fitch Downgrades Finland to 'AA'; Outlook Stable".
  142. Fitch Ratings. "Fitch Affirms France at 'AA−'; Outlook Stable".
  143. "Fitch Downgrades Gabon to 'CCC'".
  144. Fitch Ratings. "Fitch Revises Georgia's Outlook to Stable; Affirms at 'BB'".
  145. Fitch Ratings. "Fitch Affirms Germany at 'AAA'; Outlook Stable".
  146. Fitch Ratings. "Fitch Upgrades Ghana to 'B-'; Outlook Stable".
  147. Fitch Ratings. "Fitch Revises Greece's Outlook to Positive; Affirms at 'BBB-'".
  148. Fitch Ratings. "Fitch Revises Guatemala's Outlook to Positive; Affirms Rating".
  149. Fitch Ratings. "Fitch Affirms Honduras's AMDC, Tegucigalpa at 'B'; Outlook Stable".
  150. Fitch Ratings. "Fitch Affirms Hong Kong at 'AA−'; Outlook Stable".
  151. Fitch Ratings. "Fitch Affirms Hungary at 'BBB'; Outlook Negative".
  152. Fitch Ratings. "Fitch Revises Iceland's Outlook to Positive; Affirms at 'A'".
  153. Fitch Ratings. "Fitch Affirms India at 'BBB−'; Outlook Stable".
  154. Fitch Ratings. "Fitch Affirms Indonesia at 'BBB'; Outlook Stable". www.fitchratings.com. Retrieved 2024-03-21.
  155. Fitch Ratings. "Fitch Affirms Iraq at 'B−'; Outlook Stable".
  156. Fitch Ratings. "Fitch Upgrades Ireland to 'AA'; Outlook Stable".
  157. Fitch Ratings. "Fitch Downgrades Israel to 'A'; Outlook Negative".
  158. Fitch Ratings. "Fitch Affirms Italy at 'BBB'; Outlook Positive".
  159. Fitch Ratings. "Fitch Upgrades Jamaica to 'BB-'; Outlook Positive".
  160. Fitch Ratings. "Fitch Affirms Japan at 'A'; Outlook Stable".
  161. Fitch Ratings. "Fitch Affirms Jordan at 'BB−', Outlook Stable".
  162. Fitch Ratings. "Fitch Affirms Kazakhstan at 'BBB'; Outlook Stable".
  163. Fitch Ratings. "Fitch Downgrades Kenya to 'B−'; Outlook Stable".
  164. Fitch Ratings. "Fitch Assigns Kosovo 'BB−' IDR; Outlook Stable".
  165. Fitch Ratings. "Fitch Affirms Kuwait at 'AA−'; Outlook Stable".
  166. Fitch Ratings. "Fitch Affirms Laos at 'CCC−', Withdraws Ratings".
  167. Fitch Ratings. "Fitch Revises Latvia's Outlook to Positive; Affirms at 'A−'".
  168. Fitch Ratings. "Fitch Affirms Lebanon at 'RD'; Withdraws Ratings".
  169. Fitch Ratings. "Fitch Affirms Lesotho at 'B'; Outlook Stable".
  170. Fitch Ratings. "Fitch Affirms Lithuania at 'A'; Outlook Stable".
  171. Fitch Ratings. "Fitch Affirms Luxembourg at 'AAA'; Outlook Stable".
  172. Fitch Ratings. "Fitch Affirms Macao at 'AA'; Outlook Stable".
  173. Fitch Ratings. "Fitch Affirms Malaysia at 'BBB+'; Outlook Stable".
  174. Fitch Ratings. "Fitch Downgrades Maldives to 'CC'".
  175. Fitch Ratings. "Fitch Affirms Malta at 'A+'; Outlook Stable".
  176. Fitch Ratings. "Fitch Affirms Mexico at 'BBB−'; Outlook Stable".
  177. Fitch Ratings. "Fitch Assigns Moldova 'B+'; Outlook Stable".
  178. Fitch Ratings. "Fitch Upgrades Mongolia at 'B+'; Outlook Stable".
  179. Fitch Ratings. "Fitch Affirms Morocco at 'BB+'; Outlook Stable".
  180. Fitch Ratings. "Fitch Downgrades Mozambique to 'CCC'".
  181. Fitch Ratings. "Fitch Affirms Namibia at 'BB−'; Outlook Stable".
  182. Fitch Ratings. "Fitch Affirms the Netherlands at 'AAA'; Outlook Stable".
  183. Fitch Ratings. "Fitch Affirms New Zealand at 'AA+'; Outlook Stable".
  184. Fitch Ratings. "Fitch Upgrades Nicaragua to 'B'; Outlook Stable".
  185. Fitch Ratings. "Fitch Upgrades Nigeria to 'B'; Outlook Stable".
  186. Fitch Ratings. "Fitch Affirms North Macedonia at 'BB+'; Outlook Stable".
  187. Fitch Ratings. "Fitch Affirms Norway at 'AAA'; Outlook Stable".
  188. Fitch Ratings. "Fitch Upgrades Oman to 'BB+'; Outlook Stable".
  189. Fitch Ratings. "Fitch Upgrades Pakistan to 'B-'; Outlook Stable".
  190. Fitch Ratings. "Fitch Downgrades Panama to 'BB+'; Outlook Stable".
  191. Fitch Ratings. "Fitch Affirms Paraguay at 'BB+'; Outlook Stable".
  192. Fitch Ratings. "Fitch Affirms Peru at 'BBB'; Outlook Negative".
  193. Fitch Ratings. "Fitch Affirms Philippines at 'BBB'; Outlook Stable".
  194. Fitch Ratings. "Fitch Revises Portugal's Outlook to Positive; Affirms IDR at 'A-'".
  195. Fitch Ratings. "Fitch Upgrades Portugal to 'A−'; Outlook Stable".
  196. Fitch Ratings. "Fitch Upgrades Qatar to 'AA'; Outlook Stable".
  197. Fitch Ratings. "Fitch Upgrades Ras Al Khaimah to 'A+' from 'A'; Outlook Stable".
  198. Fitch Ratings. "Fitch Affirms Congo at 'CCC+'".
  199. Fitch Ratings. "Fitch Affirms Romania at 'BBB−'; Outlook Negative".
  200. Fitch Ratings. "Fitch Withdraws Russia's Ratings".
  201. Fitch Ratings. "Fitch Revises Rwanda's Outlook to Negative; Affirms at 'B+'".
  202. Fitch Ratings. "Fitch Revises San Marino's Outlook to Positive; Affirms at 'BB+'".
  203. Fitch Ratings. "Fitch Upgrades Saudi Arabia to 'A+'; Outlook Stable".
  204. Fitch Ratings. "Fitch Revises Serbia's Outlook to Positive; Affirms at 'BB+'".
  205. Fitch Ratings. "Fitch Revises Outlook on Seychelles to Positive; Affirms at 'BB−'".
  206. Fitch Ratings. "Fitch Affirms Singapore at 'AAA'; Outlook Stable".
  207. Fitch Ratings. "Fitch Affirms Slovakia at 'A-'; Outlook Stable".
  208. Fitch Ratings. "Fitch Revises Slovenia's Outlook to Positive; Affirms at 'A'".
  209. Fitch Ratings. "Fitch Affirms South Africa at 'BB−'; Outlook Stable".
  210. Fitch Ratings. "Fitch Affirms Korea at 'AA−'; Outlook Stable".
  211. Fitch Ratings. "Fitch Affirms Spain at 'A−'; Outlook Stable".
  212. Fitch Ratings (21 December 2024). "Fitch upgrades Sri Lanka out of default despite holdout Hamilton Reserve".
  213. Fitch Ratings. "Fitch Affirms Suriname at 'RD', Withdraws Ratings".
  214. Fitch Ratings. "Fitch Affirms Sweden at 'AAA'; Outlook Stable".
  215. Fitch Ratings. "Fitch Affirms Switzerland at 'AAA'; Outlook Stable".
  216. Fitch Ratings. "Fitch Affirms Taiwan at 'AA'; Outlook Stable".
  217. Fitch Ratings. "Fitch Affirms Tanzania at 'B+'; Outlook Stable".
  218. Fitch Ratings. "Fitch Affirms Thailand at 'BBB+'; Outlook Stable".
  219. Fitch Ratings. "Fitch Upgrades Tunisia to 'CCC+'".
  220. Fitch Ratings. "Fitch Upgrades Turkiye to 'BB−'; Outlook Stable".
  221. Fitch Ratings. "Fitch Upgrades Turkmenistan to 'BB-'; Outlook Stable".
  222. Fitch Ratings. "Fitch Downgrades Uganda to 'B'; Outlook Stable".
  223. "Fitch Downgrades Ukraine to 'RD'". Fitch Ratings. 2024-08-13. Retrieved 2024-08-14.
  224. Fitch Ratings. "Fitch Affirms the United Arab Emirates at 'AA−'; Outlook Stable".
  225. Fitch Ratings. "Fitch Revises the United Kingdom's Outlook to Stable; Affirms at 'AA−'".
  226. Fitch Ratings. "Fitch Downgrades the United States' Long-Term Ratings to 'AA+' from 'AAA'; Outlook Stable".
  227. Fitch Ratings. "Fitch Upgrades Uruguay to 'BBB'; Outlook Stable".
  228. Fitch Ratings. "Fitch Upgrades Uzbekistan to 'BB'; Outlook Stable".
  229. Fitch Ratings. "Fitch Upgrades Vietnam to 'BB+'; Outlook Stable".
  230. Fitch Ratings. "Fitch Affirms Zambia's LTFC IDR at 'RD'; Upgrades LTLC IDR to 'CCC+'".
  231. "investment grade : defined at Finance Glossary". Finance-glossary.com. Archived from the original on 2012-11-05. Retrieved 2013-02-25.
  232. Moody's Investors Service. "Moody's affirms Angola's ratings at B3, maintains positive outlook".
  233. Moody's Investors Service. "Moody's affirms the B1 ratings of Albania; maintains stable outlook".
  234. Moody's Investors Service. "Moody's affirms Argentina's Ca ratings; outlook stable".
  235. Moody's Investors Service. "Moody's changes Armenia's outlook to stable from negative; affirms Ba3 rating".
  236. Moody's Investors Service. "Moody's affirms Australia's Aaa rating, maintains stable outlook".
  237. Moody's Investors Service. "Moody's affirms Austria's Aa1 ratings; outlook remains stable".
  238. Moody's Investors Service. "Moody's upgrades Azerbaijan's ratings to Ba1, outlook changed to stable".
  239. Moody's Investors Service. "Moody's downgrades The Bahamas' ratings to B1, changes outlook to stable".
  240. Moody's Investors Service. "Moody's changes Bahrain's outlook to stable, affirms B2 ratings".
  241. Moody's Investors Service. "Moody's downgrades Bangladesh's ratings to B1, outlook stable".
  242. Moody's Investors Service. "Moody's upgrades Barbados' ratings to B3 from Caa1; maintains a stable outlook".
  243. Moody's Investors Service. "Moody's downgrades Belarus' ratings to C with a stable outlook".
  244. Moody's Investors Service. "Moody's affirms Belgium's Aa3 ratings; maintains stable outlook".
  245. Moody's Investors Service. "Moody's upgrades Belize's ratings to Caa2 from Caa3, maintains stable outlook".
  246. Moody's Investors Service. "Moody's affirms the B1 ratings of Benin; maintains stable outlook".
  247. Moody's Investors Service. "Moody's affirms Bermuda's A2 ratings; maintains stable outlook".
  248. Moody's Investors Service. "Moody's confirms Bolivia's ratings at Caa1, changes outlook to negative".
  249. Moody's Investors Service. "Moody's affirms Bosnia and Herzegovina's B3 ratings; outlook stable".
  250. Moody's Investors Service. "Moody's affirms Botswana's A3 ratings and maintains stable outlook".
  251. "Moody's upgrades Brazil's sovereign credit rating and maintains a positive outlook".
  252. Moody's Investors Service. "Moody's affirms Bulgaria's Baa1 ratings, maintains stable outlook".
  253. Moody's Investors Service. "Moody's changes Cambodia's outlook to negative, B2 ratings affirmed".
  254. Moody's Investors Service. "Moody's downgrades Cameroon's rating to Caa1 from B2; maintains stable outlook".
  255. Moody's Investors Service. "Moody's affirms Canada's Aaa rating; maintains stable outlook".
  256. Moody's Investors Service. "Moody's affirms Cayman Islands' Aa3 ratings, maintains stable outlook".
  257. Moody's Investors Service. "Moody's downgrades Chile's ratings to A2, changes outlook to stable from negative".
  258. Moody's Investors Service. "Moody's affirms China's A1 rating, changes outlook to negative from stable".
  259. Moody's Investors Service. "Moody's affirms Colombia's Baa2 ratings; maintains stable outlook".
  260. Moody's Investors Service. "Moody's affirms the Republic of the Congo's Caa2 ratings and maintains stable outlook".
  261. Moody's Investors Service. "Moody's upgrades Costa Rica's ratings to Ba3; maintains positive outlook".
  262. Moody's Investors Service. "Moody's affirms Côte d'Ivoire's Ba3 rating; changes outlook to positive from stable".
  263. Moody's Investors Service. "Moodys Ratings upgrades Croatia's ratings to A3 changes outlook to stable".
  264. Moody's Investors Service. "Moody's withdraws Cuba's ratings due to lack of sufficient information".
  265. Moody's Ratings. "Moody's Ratings upgrades Cyprus' ratings to A3 and changes outlook to stable".
  266. Moody's Investors Service. "Moody's changes Czech Republic's outlook to stable from negative, affirms Aa3 ratings".
  267. Moody's Investors Service. "Moody's affirms the Aaa ratings of Denmark; maintains stable outlook".
  268. Moody's Investors Service. "Moody's changes outlook on Dominican Republic's ratings to positive, affirms Ba3 ratings".
  269. Moody's Investors Service. "Moody's upgrades the Democratic Republic of the Congo's ratings to B3 from Caa1, outlook stable".
  270. Moody's Investors Service. "Moody's affirms Ecuador's Caa3 rating; maintains stable outlook".
  271. Moody's Investors Service. "Moody's changes outlook on Egypt to negative, affirms Caa1 ratings".
  272. Moody's Investors Service. "Moody's Ratings upgrades El Salvador's rating to B3; outlook stable".
  273. Moody's Investors Service. "Moody's affirms Estonia's A1 ratings, maintains stable outlook".
  274. Moody's Investors Service. "Moody's changes eSwatini's outlook to positive from stable, affirms B3 rating".
  275. Moody's Investors Service. "Moody's downgrades Ethiopia's foreign currency rating to Caa3, affirms its local currency rating at Caa2 and changes outlook to stable".
  276. Moody's Investors Service. "Moody's changes Fiji's outlook to stable from negative; affirms B1 rating".
  277. Moody's Investors Service. "Moody's affirms Finland's Aa1 ratings; outlook remains stable".
  278. Politico (14 December 2024). "France's credit rating cut by Moody's just hours after new prime minister appointed".
  279. Moody's Investors Service. "Moody's changes the outlook on Gabon to negative; affirms Caa1 rating".
  280. Moody's Investors Service. "Moody's changes the outlook on Georgia's rating to negative; affirms Ba2 rating".
  281. Moody's Investors Service. "Moody's affirms Germany's Aaa ratings; outlook remains stable".
  282. Moody's Investors Service. "Moody's upgrades Ghana's local currency ratings to Caa3 from Ca, maintains stable outlook".
  283. Moody's Ratings. "Moody's Ratings upgrades Greece's ratings to Baa3 from Ba1, changes outlook to stable from positive".
  284. Moody's Investors Service. "Moody's affirms Guatemala's Ba1 ratings; changes outlook to stable from negative".
  285. Moody's Investors Service. "Moody's affirms Honduras' B1 ratings; maintains stable outlook".
  286. Moody's Investors Service. "Moody's affirms Hong Kong SAR's Aa3 rating, changes outlook to negative from stable".
  287. Moody's Investors Service. "Moody's affirms the Baa2 ratings of Hungary; maintains stable outlook".
  288. Moody's Investors Service. "Moody's Ratings upgrades Iceland's ratings to A1, changes outlook to stable".
  289. Moody's Investors Service. "Moody's affirms India's Baa3 ratings; outlook stable".
  290. Moody's Investors Service. "Moody's assigns Baa2 ratings to Indonesia's dollar denominated bonds".
  291. Moody's Investors Service. "Moody's affirms Iraq's Caa1 ratings, maintains stable outlook".
  292. Moody's Investors Service. "Moody's upgrades Ireland's ratings to Aa3, outlook stable".
  293. Moody's Investors Service. "Moody's changes the outlook on the Isle of Man to stable from negative, affirms Aa3 ratings".
  294. Moody's Investors Service. "Moody's Ratings downgrades Israel's ratings to Baa1, maintains negative outlook".
  295. Moody's Investors Service. "Moody's affirms Italy's ratings at Baa3, changes the outlook to stable from negative".
  296. Moody's Investors Service. "Moody's upgrades Jamaica's government ratings to B1 and changes outlook to positive from stable".
  297. Moody's Investors Service. "Moody's affirms Japan's A1 ratings; maintains stable outlook".
  298. Moody's Investors Service. "Moody's changes outlook on Jordan's rating to positive from stable; affirms B1 rating".
  299. Moody's Investors Service. "Moody's Ratings upgrades Kazakhstan's ratings to Baa1, outlook changed to stable".
  300. Moody's Investors Service. "Moody's confirms Kenya's ratings at B3, changes outlook to negative".
  301. Moody's Investors Service. "Moody's affirms Kuwait's A1 rating; maintains stable outlook".
  302. Moody's Investors Service. "Moody's confirms Kyrgyz Republic's ratings at B3, changes outlook to negative".
  303. Moody's Investors Service. "Moody's affirms Latvia's A3 ratings, maintains stable outlook".
  304. Moody's Investors Service. "Moody's affirms Lebanon's C rating, changes outlook to stable from no outlook".
  305. Moody's Investors Service. "Moody's affirms Lithuania's A2 ratings, maintains stable outlook".
  306. Moody's Investors Service. "Moody's affirms Luxembourg's Aaa ratings; maintains stable outlook".
  307. Moody's Investors Service. "Moody's changes outlook to negative from stable on Macao SAR, China's rating; affirms Aa3 rating".
  308. Moody's Investors Service. "Moody's affirms Malaysia's A3 rating, maintains stable outlook".
  309. Moody's Investors Service. "Moody's Ratings downgrades Maldives' rating to Caa2, places rating under review for downgrade".
  310. Moody's Investors Service. "Moody's changes Mali's outlook to stable; affirms Caa2 ratings".
  311. Moody's Investors Service. "Moody's affirms Malta's A2 ratings, changes outlook to stable from negative".
  312. Moody's Investors Service. "Moody's downgrades Mauritius's rating to Baa3, changes outlook to stable".
  313. Moody's Investors Service. "Moody's downgrades Mexico's ratings to Baa2, changes outlook to stable from negative".
  314. Moody's Investors Service. "Moody's changes the outlook on Moldova's rating to stable from negative; affirms B3 rating".
  315. Moody's Investors Service. "Moody's affirms Mongolia's B3 rating, maintains stable outlook".
  316. Moody's Investors Service. "Moody's Ratings upgrades Montenegro's ratings to Ba3, outlook remains stable".
  317. Moody's Investors Service. "Moody's affirms Morocco's Ba1 ratings, changes outlook to stable from negative".
  318. Moody's Investors Service. "Moody's changes outlook on Mozambique to stable from positive, affirms Caa2 ratings".
  319. Moody's Investors Service. "Moody's downgrades Namibia's ratings to B1, changes outlook to stable from negative".
  320. Moody's Investors Service. "Moody's affirms the Netherlands' Aaa ratings; outlook remains stable".
  321. Moody's Investors Service. "Moody's affirms New Zealand's Aaa rating, maintains stable outlook".
  322. Moody's Investors Service. "Moody's affirms Nicaragua's B3 ratings and maintains stable outlook".
  323. Moody's Investors Service. "Moody's changes Nigeria's outlook to positive, affirms Caa1 ratings".
  324. Moody's Investors Service. "Moody's affirms the Aaa ratings of Norway; maintains stable outlook".
  325. Muscat Daily (12 July 2025). "Moody's upgrades Oman to Baa3". Muscat Daily. Retrieved 16 July 2025.
  326. Moody's Investors Service. "Moody's Ratings upgrades Pakistan's ratings to Caa1; changes outlook to stable from positive".
  327. Moody's Investors Service. "Moody's downgrades Panama's rating to Baa3, changes outlook to stable".
  328. Moody's Investors Service. "Moody's changes Papua New Guinea's outlook to stable from negative; affirms B2 rating".
  329. Moody's Investors Service. "Moody's Ratings upgrades Paraguay's ratings to Baa3, changes outlook to stable from positive".
  330. Moody's Investors Service. "Moody's changes outlook on Peru's Baa1 rating to negative; affirms ratings".
  331. Moody's Investors Service. "Moody's affirms the Philippines' Baa2 ratings; outlook stable".
  332. Moody's Investors Service. "Moody's affirms Poland's A2 ratings; maintains stable outlook".
  333. Moody's Investors Service. "Moody's upgrades Portugal's ratings to A3 and changes outlook to stable".
  334. Moody's Investors Service. "Moody's changes the outlook on Qatar to positive, affirms Aa3 rating".
  335. Moody's Investors Service. "Moody's affirms Romania's Baa3 ratings, maintains stable outlook".
  336. Moody's Investors Service. "Moody's withdraws credit ratings on multiple entities".
  337. Moody's Investors Service. "Moody's changes outlook on Rwanda to stable from negative; affirms B2 ratings".
  338. Moody's Investors Service. "Moody's affirms St. Vincent and the Grenadines' B3 issuer ratings; maintains stable outlook".
  339. Bloomberg (22 November 2024). "Saudi Arabia Gets First Moody's Upgrade On Economic Advance". Bloomberg.
  340. Moody's Investors Service. "Moody's changes Senegal's outlook to stable from negative, affirms Ba3 rating".
  341. Moody's Investors Service. "Moody's affirms Serbia's Ba2 ratings; outlook stable".
  342. Moody's Investors Service. "Moody's affirms Singapore's Aaa rating, maintains stable outlook".
  343. Moody's Investors Service. "Moody's Ratings downgrades Slovakia's ratings to A3, changes outlook to stable".
  344. Moody's Investors Service. "Moody's affirms Slovenia's A3 rating; maintains stable outlook".
  345. Moody's Investors Service. "Moody's changes South Africa's outlook to stable; affirms Ba2 ratings".
  346. Moody's Investors Service. "Moody's affirms Korea's Aa2 rating, maintains stable outlook".
  347. Moody's Investors Service. "Moody's changes outlook on Spain to positive, affirms Baa1 ratings".
  348. "Moody's Joins Fitch in Upgrading Sri Lanka on Debt Restructuring". Bloomberg.com. 2024-12-23. Retrieved 2024-12-24.
  349. Moody's Investors Service. "Moody's changes Suriname's rating outlook to stable, affirms the Caa3 rating".
  350. Moody's Investors Service. "Moody's affirms Sweden's Aaa ratings; maintains stable outlook".
  351. Moody's Investors Service. "Moody's affirms Switzerland's Aaa ratings, maintains stable outlook".
  352. Moody's Investors Service. "Moody's changes Taiwan, China's outlook to stable from positive, affirms Aa3 rating".
  353. Moody's Investors Service. "Moody's changes outlook on Tajikistan to stable from negative, affirms B3 ratings".
  354. Moody's Investors Service. "Moody's affirms Thailand's Baa1 rating; maintains stable outlook".
  355. Moody's Investors Service. "Moody's affirms Trinidad & Tobago's ratings at Ba2, changes outlook to positive".
  356. Agence Tunis Afrique Presse. "Moody's changes outlook on Tunisia to stable from negative; affirms Caa2 ratings".
  357. The National News. "Turkey receives first ratings upgrade from Moody's in a decade on improved governance".
  358. Moody's Investors Service. "Moody's changes outlook on Uganda's rating to negative; affirms the B2 rating".
  359. Moody's Investors Service. "Moody's downgrades Ukraine's ratings to Ca with a stable outlook".
  360. Moody's Investors Service. "Moody's affirms the United Arab Emirates' Aa2 rating; maintains stable outlook".
  361. Moody's Investors Service. "Moody's changes the outlook on the UK to stable from negative, affirms Aa3 ratings".
  362. Moody's Investors Service. "Moody's Ratings downgrades United States ratings to Aa1 from Aaa; changes outlook to stable".
  363. Moody's Ratings (15 March 2024). "Moody's upgrades Uruguay's ratings to Baa1; changes outlook to stable" . Moody's. Retrieved 16 March 2024.
  364. Moody's Investors Service. "Moody's upgrades Uzbekistan's rating to Ba3, outlook stable".
  365. Moody's Investors Service. "Moody's withdraws certain Government of Venezuela ratings for business reasons".
  366. Moody's Investors Service. "Moody's upgrades Vietnam's rating to Ba2, outlook changed to stable".
  367. Moody's Investors Service. "Moody's affirms Zambia's Ca ratings; outlook stable".
  368. DBRS Morningstar. "Market sectors | Governments | Sovereigns".
  369. Scope Ratings. "Sovereign Ratings".
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