List of countries by credit rating

Last updated

This is a list of countries by credit rating, showing long-term foreign currency credit ratings for sovereign bonds as reported by the largest three major credit rating agencies: Standard & Poor's, Fitch, and Moody's. 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

Map of S&P's sovereign long-term foreign credit ratings as of March 2022.
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 March 2022.
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]

Country/TerritoryRatingOutlookDateRef.
Flag of Abu Dhabi.svg  Abu Dhabi, UAE
AA
Stable Steady2.svg30 May 2023 [3]
Flag of Albania.svg  Albania
BB-
Positive Increase2.svg23 March 2024 [4]
Flag of Andorra.svg  Andorra
BBB+
Positive Increase2.svg12 May 2023 [5]
Flag of Angola.svg  Angola
B-
Stable Steady2.svg4 February 2022 [6]
Flag of Argentina.svg  Argentina
CCC
Stable Steady2.svg15 March 2024 [7]
Flag of Armenia.svg  Armenia
BB-
Stable Steady2.svg25 August 2023 [8]
Flag of Aruba.svg  Aruba
BBB
Stable Steady2.svg15 March 2021 [9]
Flag of Australia (converted).svg  Australia
AAA
Stable Steady2.svg6 June 2021 [10]
Flag of Austria.svg  Austria
AA+
Stable Steady2.svg26 August 2022 [11]
Flag of Azerbaijan.svg  Azerbaijan
BB+
Stable Steady2.svg22 January 2021 [12]
Flag of the Bahamas.svg  Bahamas
B+
Stable Steady2.svg12 November 2021 [13]
Flag of Bahrain.svg  Bahrain
B+
Stable Steady2.svg24 November 2023 [14]
Flag of Bangladesh.svg  Bangladesh
BB-
Negative Decrease2.svg24 July 2023 [11]
Flag of Barbados.svg  Barbados
B-
Positive Increase2.svg26 October 2023 [15]
Flag of Belgium (civil).svg  Belgium
AA
Stable Steady2.svg28 February 2014 [11]
Flag of Belize.svg  Belize
B-
Stable Steady2.svg9 November 2021 [16]
Flag of Benin.svg  Benin
B+
Positive Increase2.svg20 October 2023 [17]
Flag of Bermuda.svg  Bermuda
A+
Stable Steady2.svg28 April 2015 [11]
Bandera de Bolivia (Estado).svg  Bolivia
CCC+
Negative Decrease2.svg22 November 2023 [18]
Flag of Bosnia and Herzegovina.svg  Bosnia and Herzegovina
B+
Stable Steady2.svg4 August 2023 [19]
Flag of Botswana.svg  Botswana
BBB+
Stable Steady2.svg17 September 2021 [20]
Flag of Brazil.svg  Brazil
BB
Stable Steady2.svg14 June 2023 [21]
Flag of Bulgaria.svg  Bulgaria
BBB
Positive Increase2.svg24 November 2023 [22]
Flag of Burkina Faso.svg  Burkina Faso
CCC+
Stable Steady2.svg26 January 2022 [23]
Flag of Cape Verde.svg  Cape Verde
B-
Stable Steady2.svg19 February 2021 [11]
Flag of Cameroon.svg  Cameroon
CCC+
Stable Steady2.svg10 August 2023 [24]
Flag of Canada (Pantone).svg  Canada
AAA
Stable Steady2.svg29 July 2002 [11]
Flag of Chile.svg  Chile
A
Negative Decrease2.svg19 October 2023 [25]
Flag of the People's Republic of China.svg  China
A+
Stable Steady2.svg21 September 2017 [26]
Flag of Colombia.svg  Colombia
BB+
Negative Decrease2.svg19 May 2021 [27]
Flag of the Cook Islands.svg  Cook Islands
B+
Stable Steady2.svg11 November 2020 [11]
Flag of Costa Rica.svg  Costa Rica
BB-
Stable Steady2.svg27 October 2023 [28]
Flag of Cote d'Ivoire.svg  Ivory Coast
BB-
Stable Steady2.svg6 July 2021 [29]
Flag of Croatia.svg  Croatia
BBB+
Positive Increase2.svg15 September 2023 [30]
Flag of Curacao.svg  Curaçao
BBB-
Stable Steady2.svg24 February 2022 [31]
Flag of Cyprus.svg  Cyprus
BBB
Positive Increase2.svg1 September 2023 [11]
Flag of the Czech Republic.svg  Czech Republic
AA-
Stable Steady2.svg24 August 2011 [11]
Flag of the Democratic Republic of the Congo.svg  DR Congo
B-
Stable Steady2.svg28 January 2022 [32]
Flag of Denmark.svg  Denmark
AAA
Stable Steady2.svg27 February 2001 [11]
Flag of the Dominican Republic.svg  Dominican Republic
BB
Stable Steady2.svg19 December 2022 [33]
Flag of Ecuador.svg  Ecuador
B-
Negative Decrease2.svg1 September 2020 [34]
Flag of Egypt.svg  Egypt
B-
Stable Steady2.svg20 October 2023 [35]
Flag of El Salvador.svg  El Salvador
B-
Stable Steady2.svg7 November 2023 [36]
Flag of Estonia.svg  Estonia
AA-
Negative Decrease2.svg6 December 2022 [11]
Flag of Ethiopia.svg  Ethiopia
SD
15 December 2023 [37]
Flag of the Falkland Islands.svg  Falkland Islands
A+
Stable Steady2.svg22 September 2021 [38]
Flag of Fiji.svg  Fiji
B+
Stable Steady2.svg22 September 2021 [39]
Flag of Finland.svg  Finland
AA+
Stable Steady2.svg16 September 2016 [11]
Flag of France.svg  France
AA
Negative Decrease2.svg2 December 2022 [11]
Flag of Georgia.svg  Georgia
BB
Stable Steady2.svg25 February 2022 [40]
Flag of Germany.svg  Germany
AAA
Stable Steady2.svg13 January 2012 [11]
Flag of Ghana.svg  Ghana
SD
20 December 2022 [41]
Flag of Greece.svg  Greece
BBB-
Positive Increase2.svg19 April 2024 [42]
Flag of Guatemala.svg  Guatemala
BB
Stable Steady2.svg11 April 2023 [43]
Flag of Guernsey.svg  Guernsey
A+
Stable Steady2.svg14 January 2023 [44]
Flag of Honduras.svg  Honduras
BB-
Stable Steady2.svg29 September 2023 [11]
Flag of Hong Kong.svg  Hong Kong
AA+
Stable Steady2.svg21 September 2017 [45]
Flag of Hungary.svg  Hungary
BBB-
Stable Steady2.svg27 January 2023 [46]
Flag of Iceland.svg  Iceland
A+
Stable Steady2.svg10 November 2023 [47]
Flag of India.svg  India
BBB-
Stable Steady2.svg26 September 2014 [11]
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
AA-
Negative Decrease2.svg24 October 2023 [51]
Flag of Italy.svg  Italy
BBB
Stable Steady2.svg26 July 2022 [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
Negative Decrease2.svg24 February 2023 [58]
Flag of Kuwait.svg  Kuwait
A+
Stable Steady2.svg15 July 2022 [59]
Flag of Latvia.svg  Latvia
A+
Negative Decrease2.svg6 December 2022 [60]
Flag of Lebanon.svg  Lebanon
SD
11 March 2020 [61]
Flag of Liechtenstein.svg  Liechtenstein
AAA
Stable Steady2.svg26 February 2016 [11]
Flag of Lithuania.svg  Lithuania
A+
Negative Decrease2.svg2 December 2022 [62]
Flag of Luxembourg.svg  Luxembourg
AAA
Stable Steady2.svg14 January 2013 [11]
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 [11]
Flag of Mongolia.svg  Mongolia
B
Stable Steady2.svg9 November 2018 [67]
Flag of Montenegro.svg  Montenegro
B
Stable Steady2.svg5 March 2021 [68]
Flag of Montserrat.svg  Montserrat
BBB-
Stable Steady2.svg2 September 2011 [11]
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.svg20 November 2015 [11]
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 [11]
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 [11]
Flag of Norway.svg  Norway
AAA
Stable Steady2.svg8 November 1990 [73]
Flag of Oman.svg  Oman
BB+
Stable Steady2.svg29 September 2023 [11]
Flag of Pakistan.svg  Pakistan
CCC+
Stable Steady2.svg22 December 2022 [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 [76]
Flag of Paraguay.svg  Paraguay
BB
Stable Steady2.svg15 June 2016 [11]
Flag of Peru.svg  Peru
BBB
Negative Decrease2.svg12 December 2022 [77]
Flag of the Philippines.svg  Philippines
BBB+
Stable Steady2.svg30 April 2019 [78]
Flag of Poland.svg  Poland
A-
Stable Steady2.svg12 October 2018 [11]
Flag of Portugal.svg  Portugal
A-
Positive Increase2.svg1 March 2024 [79]
Flag of Qatar.svg  Qatar
AA
Stable Steady2.svg4 November 2022 [80]
Flag of Ras al-Khaimah.svg  Ras Al Khaimah, UAE
A-
Positive Increase2.svg16 October 2023 [81]
Flag of the Republic of the Congo.svg  Congo
B-
Stable Steady2.svg28 July 2023 [11]
Flag of Romania.svg  Romania
BBB-
Stable Steady2.svg16 April 2021 [11]
Flag of Rwanda.svg  Rwanda
B+
Stable Steady2.svg27 January 2023 [82]
Flag of Saint Helena.svg  Saint Helena
BBB-
Stable Steady2.svg31 March 2023 [83]
Flag of Saudi Arabia.svg  Saudi Arabia
A
Stable Steady2.svg17 March 2023 [84]
Flag of Senegal.svg  Senegal
B+
Stable Steady2.svg6 December 2019 [85]
Flag of Serbia.svg  Serbia
BB+
Stable Steady2.svg10 June 2022 [86]
Flag of Sharjah and Ras Al Khaimah.svg  Sharjah, UAE
BBB-
Stable Steady2.svg17 November 2023 [87]
Flag of Singapore.svg  Singapore
AAA
Stable Steady2.svg6 March 1995 [88]
Flag of Slovakia.svg  Slovakia
A+
Stable Steady2.svg19 May 2023 [89]
Flag of Slovenia.svg  Slovenia
AA-
Stable Steady2.svg14 June 2019 [90]
Flag of South Africa.svg  South Africa
BB-
Stable Steady2.svg8 March 2023 [91]
Flag of South Korea.svg  South Korea
AA
Stable Steady2.svg7 August 2016 [92]
Flag of Spain.svg  Spain
A
Stable Steady2.svg18 March 2022 [11]
Flag of Sri Lanka.svg  Sri Lanka
SD
25 April 2022 [93]
Flag of Suriname.svg  Suriname
CCC+
Stable Steady2.svg6 December 2023 [11]
Flag of Sweden.svg  Sweden
AAA
Stable Steady2.svg16 February 2004 [11]
Flag of Switzerland (Pantone).svg  Switzerland
AAA
Stable Steady2.svg26 June 1989 [11]
Flag of the Republic of China.svg  Taiwan
AA+
Stable Steady2.svg29 April 2022 [94]
Flag of Tajikistan.svg  Tajikistan
B-
Stable Steady2.svg17 February 2023 [95]
Flag of Thailand.svg  Thailand
BBB+
Stable Steady2.svg13 April 2020 [96]
Flag of Togo.svg  Togo
B
Stable Steady2.svg17 March 2023 [97]
Flag of Trinidad and Tobago.svg  Trinidad and Tobago
BBB-
Stable Steady2.svg21 July 2022 [98]
Flag of Turkey.svg  Turkey
B+
Positive Increase2.svg3 May 2024 [99]
Flag of the Turks and Caicos Islands.svg  Turks and Caicos Islands
BBB+
Stable Steady2.svg29 March 2022 [100]
Flag of Uganda.svg  Uganda
B-
Stable Steady2.svg9 December 2022 [101]
Flag of Ukraine.svg  Ukraine
CCC
Negative Decrease2.svg15 August 2022 [102]
Flag of the United Kingdom.svg  United Kingdom
AA
Stable Steady2.svg21 April 2023 [103]
Flag of the United States.svg  United States
AA+
Stable Steady2.svg10 June 2013 [11]
Flag of Uruguay.svg  Uruguay
BBB+
Stable Steady2.svg26 April 2023 [104]
Flag of Uzbekistan.svg  Uzbekistan
BB-
Stable Steady2.svg4 June 2021 [105]
Flag of Vietnam.svg  Vietnam
BB+
Stable Steady2.svg27 May 2022 [11]
Flag of Zambia.svg  Zambia
SD
21 October 2020 [11]

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. [106] 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'. [107]

Country/TerritoryRatingOutlookDateRef.
Flag of Abu Dhabi.svg  Abu Dhabi, UAE
AA
Stable Steady2.svg11 July 2023 [108]
Flag of Andorra.svg  Andorra
A-
Stable Steady2.svg27 October 2023 [109]
Flag of Angola.svg  Angola
B-
Stable Steady2.svg15 December 2023 [110]
Flag of Argentina.svg  Argentina
CC
13 June 2023 [111]
Flag of Armenia.svg  Armenia
BB-
Stable Steady2.svg28 July 2023 [112]
Flag of Aruba.svg  Aruba
BB+
Stable Steady2.svg16 March 2023 [113]
Flag of Australia (converted).svg  Australia
AAA
Stable Steady2.svg9 November 2023 [114]
Flag of Austria.svg  Austria
AA+
Stable Steady2.svg25 August 2023 [115]
Flag of Azerbaijan.svg  Azerbaijan
BB+
Positive Increase2.svg15 September 2023 [116]
Flag of Bahrain.svg  Bahrain
B+
Stable Steady2.svg17 July 2023 [117]
Flag of Bangladesh.svg  Bangladesh
BB-
Negative Decrease2.svg25 September 2023 [118]
Flag of Barbados.svg  Barbados
B
Positive Increase2.svg17 October 2023 [119]
Flag of Belarus.svg  Belarus
RD
Ratings withdrawn Decrease2.svg6 October 2023 [120]
Flag of Belgium (civil).svg  Belgium
AA-
Negative Decrease2.svg1 September 2023 [121]
Flag of Benin.svg  Benin
B+
Stable Steady2.svg8 September 2023 [122]
Bandera de Bolivia (Estado).svg  Bolivia
CCC
No outlook at level6 February 2024 [123]
Flag of Brazil.svg  Brazil
BB-
Stable Steady2.svg26 July 2023 [124]
Flag of Bulgaria.svg  Bulgaria
BBB
Positive Increase2.svg27 October 2023 [125]
Flag of Cape Verde.svg  Cape Verde
B-
Positive Increase2.svg10 November 2023 [126]
Flag of Cameroon.svg  Cameroon
B
Negative Decrease2.svg17 November 2023 [127]
Flag of Canada (Pantone).svg  Canada
AA+
Stable Steady2.svg19 December 2023 [128]
Flag of Chile.svg  Chile
A-
Stable Steady2.svg13 December 2023 [129]
Flag of the People's Republic of China.svg  China
A+
31 August 2023 [130]
Flag of Colombia.svg  Colombia
BB+
Stable Steady2.svg30 June 2023 [131]
Flag of Costa Rica.svg  Costa Rica
BB-
Stable Steady2.svg2 March 2023 [132]
Flag of Cote d'Ivoire.svg  Ivory Coast
BB-
Stable Steady2.svg4 August 2023 [133]
Flag of Croatia.svg  Croatia
BBB+
Positive Increase2.svg6 October 2023 [134]
Flag of Cyprus.svg  Cyprus
BBB
Positive Increase2.svg8 February 2023 [135]
Flag of the Czech Republic.svg  Czech Republic
AA-
Negative Decrease2.svg25 August 2023 [136]
Flag of Denmark.svg  Denmark
AAA
Stable Steady2.svg3 November 2023 [137]
Flag of the Dominican Republic.svg  Dominican Republic
BB-
Positive Increase2.svg29 November 2023 [138]
Flag of Ecuador.svg  Ecuador
CCC+
16 August 2023 [139]
Flag of Egypt.svg  Egypt
B-
Stable Steady2.svg3 November 2023 [140]
Flag of El Salvador.svg  El Salvador
CCC+
5 May 2023 [141]
Flag of Estonia.svg  Estonia
A+
Stable Steady2.svg28 July 2023 [142]
Flag of Ethiopia.svg  Ethiopia
RD
27 December 2023 [143]
Flag of Europe.svg  European Union
AAA
Stable Steady2.svg14 February 2023 [144]
Flag of Finland.svg  Finland
AA+
Stable Steady2.svg11 August 2023 [145]
Flag of France.svg  France
AA-
Stable Steady2.svg27 October 2023 [146]
Flag of Gabon.svg  Gabon
B-
Stable Steady2.svg24 January 2024 [147]
Flag of Georgia.svg  Georgia
BB
Positive Increase2.svg14 July 2023 [148]
Flag of Germany.svg  Germany
AAA
Stable Steady2.svg15 September 2023 [149]
Flag of Ghana.svg  Ghana
RD
1 November 2023 [150]
Flag of Greece.svg  Greece
BBB-
Stable Steady2.svg1 December 2023 [151]
Flag of Guatemala.svg  Guatemala
BB
Stable Steady2.svg16 February 2023 [152]
Flag of Honduras.svg  Honduras
B
Stable Steady2.svg30 August 2023 [153]
Flag of Hong Kong.svg  Hong Kong
AA-
Stable Steady2.svg30 March 2023 [154]
Flag of Hungary.svg  Hungary
BBB
Negative Decrease2.svg15 December 2023 [155]
Flag of Iceland.svg  Iceland
A
Stable Steady2.svg1 September 2023 [156]
Flag of India.svg  India
BBB-
Stable Steady2.svg20 December 2023 [157]
Flag of Indonesia.svg  Indonesia
BBB
Stable Steady2.svg15 March 2024 [158]
Flag of Iraq.svg  Iraq
B-
Stable Steady2.svg4 December 2023 [159]
Flag of Ireland.svg  Ireland
AA-
Positive Increase2.svg12 January 2023 [160]
Flag of Israel.svg  Israel
A+
Rating Watch Negative Decrease2.svg17 October 2023 [161]
Flag of Italy.svg  Italy
BBB
Stable Steady2.svg10 November 2023 [162]
Flag of Jamaica.svg  Jamaica
B+
Positive Increase2.svg7 March 2023 [163]
Flag of Japan.svg  Japan
A
Stable Steady2.svg31 October 2023 [164]
Flag of Jordan.svg  Jordan
BB-
Stable Steady2.svg10 November 2023 [165]
Flag of Kazakhstan.svg  Kazakhstan
BBB
Stable Steady2.svg17 November 2023 [166]
Flag of Kenya.svg  Kenya
B
Negative Decrease2.svg20 July 2023 [167]
Flag of Kosovo.svg  Kosovo
BB-
Stable Steady2.svg19 April 2024 [168]
Flag of Kuwait.svg  Kuwait
AA-
Stable Steady2.svg15 September 2023 [169]
Flag of Laos.svg  Laos
CCC-
Ratings Withdrawn Decrease2.svg10 October 2022 [170]
Flag of Latvia.svg  Latvia
A-
Positive Increase2.svg28 July 2023 [171]
Flag of Lebanon.svg  Lebanon
RD
4 August 2023 [172]
Flag of Lesotho.svg  Lesotho
B
Stable Steady2.svg12 July 2023 [173]
Flag of Lithuania.svg  Lithuania
A
Stable Steady2.svg17 November 2023 [174]
Flag of Luxembourg.svg  Luxembourg
AAA
Stable Steady2.svg8 December 2023 [175]
Flag of Macau.svg  Macau
AA
Stable Steady2.svg24 March 2023 [176]
Flag of Malaysia.svg  Malaysia
BBB+
Stable Steady2.svg5 December 2023 [177]
Flag of Maldives.svg  Maldives
B-
Negative Decrease2.svg9 October 2023 [178]
Flag of Malta.svg  Malta
A+
Stable Steady2.svg15 September 2023 [179]
Flag of Mexico.svg  Mexico
BBB-
Stable Steady2.svg7 December 2023 [180]
Flag of Mongolia.svg  Mongolia
B
Stable Steady2.svg15 May 2023 [181]
Flag of Morocco.svg  Morocco
BB+
Stable Steady2.svg20 October 2023 [182]
Flag of Mozambique.svg  Mozambique
CCC+
11 August 2023 [183]
Flag of Namibia.svg  Namibia
BB-
Stable Steady2.svg2 June 2023 [184]
Flag of the Netherlands.svg  Netherlands
AAA
Stable Steady2.svg18 August 2023 [185]
Flag of New Zealand.svg  New Zealand
AA+
Stable Steady2.svg29 August 2023 [186]
Flag of Nicaragua.svg  Nicaragua
B-
Positive Increase2.svg5 June 2023 [187]
Flag of Nigeria.svg  Nigeria
B-
Stable Steady2.svg3 November 2023 [188]
Flag of North Macedonia.svg  North Macedonia
BB+
Stable Steady2.svg6 October 2023 [189]
Flag of Norway.svg  Norway
AAA
Stable Steady2.svg15 December 2023 [190]
Flag of Oman.svg  Oman
BB+
Stable Steady2.svg25 September 2023 [191]
Flag of Pakistan.svg  Pakistan
CCC
13 December 2023 [192]
Flag of Panama.svg  Panama
BB+
Negative Decrease2.svg29 September 2023 [193]
Flag of Paraguay.svg  Paraguay
BB+
Stable Steady2.svg1 November 2023 [194]
Flag of Peru.svg  Peru
BBB
Negative Decrease2.svg25 October 2023 [195]
Flag of the Philippines.svg  Philippines
BBB
Stable Steady2.svg10 November 2023 [196]
Flag of Poland.svg  Poland
A-
Stable Steady2.svg10 November 2023 [197]
Flag of Portugal.svg  Portugal
A-
Stable Steady2.svg29 September 2023 [198]
Flag of Qatar.svg  Qatar
AA
Stable Steady2.svg20 March 2024 [199]
Flag of Ras al-Khaimah.svg  Ras Al Khaimah, UAE
A
Positive Increase2.svg23 May 2023 [200]
Flag of the Republic of the Congo.svg  Congo
CCC+
1 September 2023 [201]
Flag of Romania.svg  Romania
BBB-
Stable Steady2.svg8 September 2023 [202]
Flag of Russia.svg  Russia
RD
Ratings withdrawn Decrease2.svg25 March 2022 [203]
Flag of Rwanda.svg  Rwanda
B+
Stable Steady2.svg6 October 2023 [204]
Flag of San Marino.svg  San Marino
BB
Positive Increase2.svg15 December 2023 [205]
Flag of Saudi Arabia.svg  Saudi Arabia
A+
Stable Steady2.svg5 April 2023 [206]
Flag of Serbia.svg  Serbia
BB+
Stable Steady2.svg11 August 2023 [207]
Flag of Seychelles.svg  Seychelles
BB-
Stable Steady2.svg15 September 2023 [208]
Flag of Singapore.svg  Singapore
AAA
Stable Steady2.svg20 July 2023 [209]
Flag of Slovakia.svg  Slovakia
A-
Stable Steady2.svg8 December 2023 [210]
Flag of Slovenia.svg  Slovenia
A
Stable Steady2.svg20 October 2023 [211]
Flag of South Africa.svg  South Africa
BB-
Stable Steady2.svg17 July 2023 [212]
Flag of South Korea.svg  South Korea
AA-
Stable Steady2.svg17 October 2023 [213]
Flag of Spain.svg  Spain
A-
Stable Steady2.svg17 November 2023 [214]
Flag of Sri Lanka.svg  Sri Lanka
RD
28 September 2023 [215]
Flag of Suriname.svg  Suriname
RD
Ratings withdrawn Decrease2.svg25 January 2022 [216]
Flag of Sweden.svg  Sweden
AAA
Stable Steady2.svg27 October 2023 [217]
Flag of Switzerland (Pantone).svg  Switzerland
AAA
Stable Steady2.svg3 November 2023 [218]
Flag of the Republic of China.svg  Taiwan
AA
Stable Steady2.svg18 August 2023 [219]
Flag of Tanzania.svg  Tanzania
B+
Stable Steady2.svg15 December 2023 [220]
Flag of Thailand.svg  Thailand
BBB+
Stable Steady2.svg13 November 2023 [221]
Flag of Tunisia.svg  Tunisia
CCC-
8 December 2023 [222]
Flag of Turkey.svg  Turkey
B+
Positive Increase2.svg8 March 2024 [223]
Flag of Turkmenistan.svg  Turkmenistan
B+
Positive Increase2.svg4 August 2023 [224]
Flag of Uganda.svg  Uganda
B+
Negative Decrease2.svg8 September 2023 [225]
Flag of Ukraine.svg  Ukraine
CC
8 December 2023 [226]
Flag of the United Arab Emirates.svg  United Arab Emirates
AA-
Stable Steady2.svg13 July 2023 [227]
Flag of the United Kingdom.svg  United Kingdom
AA-
Negative Decrease2.svg1 December 2023 [228]
Flag of the United States.svg  United States
AA+
Stable Steady2.svg1 August 2023 [229]
Flag of Uruguay.svg  Uruguay
BBB
Stable Steady2.svg7 June 2023 [230]
Flag of Uzbekistan.svg  Uzbekistan
BB-
Stable Steady2.svg25 August 2023 [231]
Flag of Vietnam.svg  Vietnam
BB+
Stable Steady2.svg8 December 2023 [232]
Flag of Zambia.svg  Zambia
RD
4 December 2023 [233]

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 Moody's 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. [234]

Country/TerritoryRatingOutlookDateRef.
Flag of Angola.svg  Angola
B3
Positive Increase2.svg24 October 2023 [235]
Flag of Albania.svg  Albania
B1
Stable Steady2.svg7 April 2023 [236]
Flag of Argentina.svg  Argentina
Ca
Stable Steady2.svg27 September 2022 [237]
Flag of Armenia.svg  Armenia
Ba3
Stable Steady2.svg22 June 2023 [238]
Flag of Australia (converted).svg  Australia
Aaa
Stable Steady2.svg28 June 2022 [239]
Flag of Austria.svg  Austria
Aa1
Stable Steady2.svg24 February 2023 [240]
Flag of Azerbaijan.svg  Azerbaijan
Ba1
Stable Steady2.svg5 August 2022 [241]
Flag of the Bahamas.svg  Bahamas
B1
Stable Steady2.svg6 October 2022 [242]
Flag of Bahrain.svg  Bahrain
B2
Stable Steady2.svg22 April 2022 [243]
Flag of Bangladesh.svg  Bangladesh
B1
Stable Steady2.svg30 May 2023 [244]
Flag of Barbados.svg  Barbados
B3
Stable Steady2.svg3 August 2023 [245]
Flag of Belarus.svg  Belarus
C
Stable Steady2.svg2 June 2023 [246]
Flag of Belgium (civil).svg  Belgium
Aa3
Stable Steady2.svg28 April 2023 [247]
Flag of Belize.svg  Belize
Caa2
Stable Steady2.svg16 November 2022 [248]
Flag of Benin.svg  Benin
B1
Stable Steady2.svg18 September 2023 [249]
Flag of Bermuda.svg  Bermuda
A2
Stable Steady2.svg21 June 2022 [250]
Bandera de Bolivia (Estado).svg  Bolivia
Caa1
Negative Decrease2.svg30 June 2023 [251]
Flag of Bosnia and Herzegovina.svg  Bosnia and Herzegovina
B3
Stable Steady2.svg22 July 2022 [252]
Flag of Botswana.svg  Botswana
A3
Stable Steady2.svg27 October 2023 [253]
Flag of Brazil.svg  Brazil
Ba2
Stable Steady2.svg12 April 2022 [254]
Flag of Bulgaria.svg  Bulgaria
Baa1
Stable Steady2.svg3 February 2023 [255]
Flag of Cambodia.svg  Cambodia
B2
Negative Decrease2.svg15 November 2022 [256]
Flag of Cameroon.svg  Cameroon
Caa1
Stable Steady2.svg27 July 2023 [257]
Flag of Canada (Pantone).svg  Canada
Aaa
Stable Steady2.svg3 November 2022 [258]
Flag of the Cayman Islands.svg  Cayman Islands
Aa3
Stable Steady2.svg8 June 2023 [259]
Flag of Chile.svg  Chile
A2
Stable Steady2.svg15 September 2022 [260]
Flag of the People's Republic of China.svg  China
A1
Negative Decrease2.svg5 December 2023 [261]
Flag of Colombia.svg  Colombia
Baa2
Stable Steady2.svg8 June 2023 [262]
Flag of the Republic of the Congo.svg  Congo
Caa2
Stable Steady2.svg3 November 2023 [263]
Flag of Costa Rica.svg  Costa Rica
B1
Positive Increase2.svg3 November 2023 [264]
Flag of Cote d'Ivoire.svg  Ivory Coast
Ba3
Positive Increase2.svg27 June 2022 [265]
Flag of Croatia.svg  Croatia
Baa2
Positive Increase2.svg10 November 2023 [266]
Flag of Cuba.svg  Cuba
Ca
Ratings withdrawn Decrease2.svg18 November 2021 [267]
Flag of Cyprus.svg  Cyprus
Baa2
Stable Steady2.svg29 September 2023 [268]
Flag of the Czech Republic.svg  Czech Republic
Aa3
Stable Steady2.svg24 November 2023 [269]
Flag of Denmark.svg  Denmark
Aaa
Stable Steady2.svg11 February 2022 [270]
Flag of the Dominican Republic.svg  Dominican Republic
Ba3
Positive Increase2.svg10 August 2023 [271]
Flag of the Democratic Republic of the Congo.svg  DR Congo
B3
Stable Steady2.svg11 November 2022 [272]
Flag of Ecuador.svg  Ecuador
Caa3
Stable Steady2.svg27 February 2023 [273]
Flag of Egypt.svg  Egypt
Caa1
Negative Steady2.svg18 January 2024 [274]
Flag of El Salvador.svg  El Salvador
Caa3
Stable Steady2.svg3 February 2023 [275]
Flag of Estonia.svg  Estonia
A1
Stable Steady2.svg29 April 2022 [276]
Flag of Eswatini.svg  Eswatini
B3
Positive Increase2.svg1 December 2023 [277]
Flag of Ethiopia.svg  Ethiopia
Caa3
Stable Steady2.svg15 September 2023 [278]
Flag of Fiji.svg  Fiji
B1
Stable Steady2.svg7 October 2022 [279]
Flag of Finland.svg  Finland
Aa1
Stable Steady2.svg29 July 2022 [280]
Flag of France.svg  France
Aa2
Stable Steady2.svg2 December 2022 [281]
Flag of Gabon.svg  Gabon
Caa1
Negative Decrease2.svg12 September 2023 [282]
Flag of Georgia.svg  Georgia
Ba2
Negative Decrease2.svg28 April 2022 [283]
Flag of Germany.svg  Germany
Aaa
Stable Steady2.svg10 February 2023 [284]
Flag of Ghana.svg  Ghana
Caa3
Stable Steady2.svg9 June 2023 [285]
Flag of Greece.svg  Greece
Ba1
Stable Steady2.svg15 September 2023 [286]
Flag of Guatemala.svg  Guatemala
Ba1
Stable Steady2.svg15 June 2022 [287]
Flag of Honduras.svg  Honduras
B1
Stable Steady2.svg3 October 2023 [288]
Flag of Hong Kong.svg  Hong Kong
Aa3
Negative Decrease2.svg6 December 2023 [289]
Flag of Hungary.svg  Hungary
Baa2
Stable Steady2.svg1 September 2023 [290]
Flag of Iceland.svg  Iceland
A2
Positive Increase2.svg14 July 2023 [291]
Flag of India.svg  India
Baa3
Stable Steady2.svg18 August 2023 [292]
Flag of Indonesia.svg  Indonesia
Baa2
Stable Steady2.svg10 February 2022 [293]
Flag of Iraq.svg  Iraq
Caa1
Stable Steady2.svg24 November 2023 [294]
Flag of Ireland.svg  Ireland
Aa3
Stable Steady2.svg21 April 2023 [295]
Flag of the Isle of Man.svg  Isle of Man
Aa3
Stable Steady2.svg27 October 2023 [296]
Flag of Israel.svg  Israel
A2
Negative Decrease2.svg9 February 2024 [297]
Flag of Italy.svg  Italy
Baa3
Stable Steady2.svg17 November 2023 [298]
Flag of Jamaica.svg  Jamaica
B1
Positive Increase2.svg18 October 2023 [299]
Flag of Japan.svg  Japan
A1
Stable Steady2.svg8 November 2023 [300]
Flag of Jordan.svg  Jordan
B1
Positive Increase2.svg17 November 2022 [301]
Flag of Kazakhstan.svg  Kazakhstan
Baa2
Positive Increase2.svg27 October 2023 [302]
Flag of Kenya.svg  Kenya
B3
Negative Decrease2.svg28 July 2023 [303]
Flag of Kuwait.svg  Kuwait
A1
Stable Steady2.svg26 May 2022 [304]
Flag of Kyrgyzstan (2023).svg  Kyrgyzstan
B3
Negative Decrease2.svg17 October 2022 [305]
Flag of Latvia.svg  Latvia
A3
Stable Steady2.svg29 April 2022 [306]
Flag of Lebanon.svg  Lebanon
C
Stable Steady2.svg13 December 2023 [307]
Flag of Lithuania.svg  Lithuania
A2
Stable Steady2.svg29 April 2022 [308]
Flag of Luxembourg.svg  Luxembourg
Aaa
Stable Steady2.svg17 March 2023 [309]
Flag of Macau.svg  Macau
Aa3
Negative Decrease2.svg6 December 2022 [310]
Flag of Malaysia.svg  Malaysia
A3
Stable Steady2.svg14 April 2023 [311]
Flag of Maldives.svg  Maldives
Caa1
Stable Steady2.svg24 October 2023 [312]
Flag of Mali.svg  Mali
Caa2
Stable Steady2.svg9 September 2022 [313]
Flag of Malta.svg  Malta
A2
Stable Steady2.svg18 November 2022 [314]
Flag of Mauritius.svg  Mauritius
Baa3
Stable Steady2.svg28 July 2022 [315]
Flag of Mexico.svg  Mexico
Baa2
Stable Steady2.svg8 July 2022 [316]
Flag of Moldova.svg  Moldova
B3
Stable Steady2.svg18 August 2023 [317]
Flag of Mongolia.svg  Mongolia
B3
Stable Steady2.svg14 February 2023 [318]
Flag of Montenegro.svg  Montenegro
B1
Stable Steady2.svg9 September 2022 [319]
Flag of Morocco.svg  Morocco
Ba1
Stable Steady2.svg1 July 2022 [320]
Flag of Mozambique.svg  Mozambique
Caa2
Stable Steady2.svg22 September 2023 [321]
Flag of Namibia.svg  Namibia
B1
Stable Steady2.svg5 April 2022 [322]
Flag of the Netherlands.svg  Netherlands
Aaa
Stable Steady2.svg27 January 2023 [323]
Flag of New Zealand.svg  New Zealand
Aaa
Stable Steady2.svg21 April 2022 [324]
Flag of Nicaragua.svg  Nicaragua
B3
Stable Steady2.svg30 March 2022 [325]
Flag of Nigeria.svg  Nigeria
Caa1
Positive Increase2.svg8 December 2023 [326]
Flag of Norway.svg  Norway
Aaa
Stable Steady2.svg6 May 2022 [327]
Flag of Oman.svg  Oman
Ba1
Stable Steady2.svg7 December 2023 [328]
Flag of Pakistan.svg  Pakistan
Caa3
Stable Steady2.svg28 February 2023 [329]
Flag of Panama.svg  Panama
Baa3
Stable Steady2.svg31 October 2023 [330]
Flag of Papua New Guinea.svg  Papua New Guinea
B2
Stable Steady2.svg10 November 2022 [331]
Flag of Paraguay.svg  Paraguay
Ba1
Positive Increase2.svg22 July 2022 [332]
Flag of Peru.svg  Peru
Baa1
Negative Decrease2.svg31 January 2023 [333]
Flag of the Philippines.svg  Philippines
Baa2
Stable Steady2.svg15 September 2022 [334]
Flag of Poland.svg  Poland
A2
Stable Steady2.svg29 April 2022 [335]
Flag of Portugal.svg  Portugal
A3
Stable Steady2.svg17 November 2023 [336]
Flag of Qatar.svg  Qatar
Aa3
Positive Increase2.svg2 November 2022 [337]
Flag of Romania.svg  Romania
Baa3
Stable Steady2.svg3 November 2023 [338]
Flag of Russia.svg  Russia
Ca
Ratings withdrawn Decrease2.svg6 March 2022 [339]
Flag of Rwanda.svg  Rwanda
B2
Stable Steady2.svg8 September 2023 [340]
Flag of Saint Vincent and the Grenadines.svg  Saint Vincent and the Grenadines
B3
Stable Steady2.svg1 March 2022 [341]
Flag of Saudi Arabia.svg  Saudi Arabia
A1
Positive Increase2.svg17 March 2023 [342]
Flag of Senegal.svg  Senegal
Ba3
Stable Steady2.svg18 March 2022 [343]
Flag of Serbia.svg  Serbia
Ba2
Stable Steady2.svg8 September 2023 [344]
Flag of Singapore.svg  Singapore
Aaa
Stable Steady2.svg17 May 2022 [345]
Flag of Slovakia.svg  Slovakia
A2
Negative Decrease2.svg24 November 2023 [346]
Flag of Slovenia.svg  Slovenia
A3
Stable Steady2.svg21 October 2022 [347]
Flag of South Africa.svg  South Africa
Ba2
Stable Steady2.svg1 April 2022 [348]
Flag of South Korea.svg  South Korea
Aa2
Stable Steady2.svg21 April 2022 [349]
Flag of Spain.svg  Spain
Baa1
Stable Steady2.svg15 July 2022 [350]
Flag of Sri Lanka.svg  Sri Lanka
Ca
Stable Steady2.svg18 April 2022 [351]
Flag of Suriname.svg  Suriname
Caa3
Stable Steady2.svg17 February 2023 [352]
Flag of Sweden.svg  Sweden
Aaa
Stable Steady2.svg25 March 2022 [353]
Flag of Switzerland (Pantone).svg  Switzerland
Aaa
Stable Steady2.svg17 February 2023 [354]
Flag of the Republic of China.svg  Taiwan
Aa3
Stable Steady2.svg22 September 2022 [355]
Flag of Tajikistan.svg  Tajikistan
B3
Stable Steady2.svg12 October 2023 [356]
Flag of Thailand.svg  Thailand
Baa1
Stable Steady2.svg7 April 2022 [357]
Flag of Trinidad and Tobago.svg  Trinidad and Tobago
Ba2
Positive Increase2.svg10 July 2023 [358]
Flag of Tunisia.svg  Tunisia
Caa2
Stable Steady2.svg22 March 2024 [359]
Flag of Turkey.svg  Turkey
B3
Positive Increase2.svg12 January 2024 [360]
Flag of Uganda.svg  Uganda
B2
Negative Decrease2.svg18 November 2022 [361]
Flag of Ukraine.svg  Ukraine
Ca
Stable Steady2.svg10 February 2023 [362]
Flag of the United Arab Emirates.svg  United Arab Emirates
Aa2
Stable Steady2.svg21 March 2023 [363]
Flag of the United Kingdom.svg  United Kingdom
Aa3
Stable Steady2.svg20 October 2023 [364]
Flag of the United States.svg  United States
Aaa
Negative Decrease2.svg10 November 2023 [365]
Flag of Uruguay.svg  Uruguay
Baa1
Stable Steady2.svg15 March 2024 [366]
Flag of Uzbekistan.svg  Uzbekistan
Ba3
Stable Steady2.svg20 January 2023 [367]
Flag of Venezuela.svg  Venezuela
C
Ratings withdrawn Decrease2.svg9 March 2018 [368]
Flag of Vietnam.svg  Vietnam
Ba2
Stable Steady2.svg6 September 2022 [369]
Flag of Zambia.svg  Zambia
Caa3
Stable Steady2.svg21 October 2022 [370]

Others

DBRS Morningstar

For DBRS Morningstar, [371] 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 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 Cyprus.svg  Cyprus
BBB(high)
Stable Steady2.svg29 September 2023
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 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(low)
Stable Steady2.svg8 September 2023
Flag of India.svg  India
BBB(low)
Stable Steady2.svg16 May 2023
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.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 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 [372] – 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.svg15 September 2023
Flag of Bulgaria.svg  Bulgaria
BBB+
Positive Increase2.svg21 July 2023
Flag of the People's Republic of China.svg  China
A
Stable Steady2.svg12 May 2023
Flag of Croatia.svg  Croatia
BBB+
Positive Increase2.svg3 May 2024
Flag of Cyprus.svg  Cyprus
BBB+
Stable Steady2.svg17 November 2023
Flag of the Czech Republic.svg  Czech Republic
AA-
Stable Steady2.svg26 April 2024
Flag of Denmark.svg  Denmark
AAA
Stable Steady2.svg29 September 2023
Flag of Egypt.svg  Egypt
B-
Stable Steady2.svg12 April 2024
Flag of Estonia.svg  Estonia
A+
Stable Steady2.svg19 April 2024
Flag of Finland.svg  Finland
AA+
Stable Steady2.svg15 March 2024
Flag of France.svg  France
AA
Negative Decrease2.svg26 May 2023
Flag of Georgia.svg  Georgia
BB
Stable Steady2.svg2 February 2024
Flag of Germany.svg  Germany
AAA
Stable Steady2.svg20 October 2023
Flag of Greece.svg  Greece
BBB-
Stable Steady2.svg4 August 2023
Flag of Hungary.svg  Hungary
BBB
Stable Steady2.svg26 January 2024
Flag of Ireland.svg  Ireland
AA-
Positive Increase2.svg31 March 2023
Flag of Italy.svg  Italy
BBB+
Stable Steady2.svg14 July 2023
Flag of Japan.svg  Japan
A
Stable Steady2.svg22 March 2024
Flag of Latvia.svg  Latvia
A-
Stable Steady2.svg28 April 2023
Flag of Lithuania.svg  Lithuania
A
Stable Steady2.svg28 April 2023
Flag of Luxembourg.svg  Luxembourg
AAA
Stable Steady2.svg27 January 2023
Flag of Malta.svg  Malta
A+
Stable Steady2.svg1 September 2023
Flag of Morocco.svg  Morocco
BB+
Stable Steady2.svg8 September 2023
Flag of the Netherlands.svg  Netherlands
AAA
Stable Steady2.svg3 November 2023
Flag of Norway.svg  Norway
AAA
Stable Steady2.svg29 September 2023
Flag of Poland.svg  Poland
A
Stable Steady2.svg2 June 2023
Flag of Portugal.svg  Portugal
A-
Stable Steady2.svg16 February 2024
Flag of Romania.svg  Romania
BBB-
Stable Steady2.svg1 March 2024
Flag of Serbia.svg  Serbia
BB+
Stable Steady2.svg27 October 2023
Flag of Slovakia.svg  Slovakia
A
Stable Steady2.svg9 February 2024
Flag of Slovenia.svg  Slovenia
A
Stable Steady2.svg28 July 2023
Flag of South Africa.svg  South Africa
BB
Stable Steady2.svg6 October 2023
Flag of Spain.svg  Spain
A-
Positive Increase2.svg22 March 2024
Flag of Sweden.svg  Sweden
AAA
Stable Steady2.svg15 September 2023
Flag of Switzerland (Pantone).svg  Switzerland
AAA
Stable Steady2.svg27 January 2023
Flag of Turkey.svg  Turkey
B-
Positive Increase2.svg26 April 2024
Flag of Ukraine.svg  Ukraine
CC
Negative Decrease2.svg12 May 2023
Flag of the United Kingdom.svg  United Kingdom
AA
Stable Steady2.svg3 November 2023
Flag of the United States.svg  United States
AA
Negative Decrease2.svg29 June 2023

JCR

Japan Credit Rating Agency [373] (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  Czech Republic
AA-
Stable Steady2.svg30 June 2023
Flag of Denmark.svg  Denmark
AAA
Stable Steady2.svg15 December 2023
Flag of Egypt.svg  Egypt
AA
2 November 2023
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.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
Negative Decrease2.svg18 August 2022
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 [374] 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  United States
AA+g
Stable Steady2.svg25 May 2023
Flag of Vietnam.svg  Vietnam
BBg
Stable Steady2.svg13 September 2023

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 [375]
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. [376]
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. [377]
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, [378] but the rating was later withdrawn. [379]
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.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

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References

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  56. "Rating: Jordan Credit Rating". countryeconomy.com.
  57. "Rating: Kazakhstan Credit Rating". countryeconomy.com.
  58. "Rating: Kenya Credit Rating". countryeconomy.com.
  59. "Rating: Kuwait Credit Rating". countryeconomy.com.
  60. "Rating: Latvia Credit Rating". countryeconomy.com.
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  62. "Rating: Lithuania Credit Rating". countryeconomy.com.
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  67. "Rating: Mongolia Credit Rating". countryeconomy.com.
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  108. Fitch Ratings. "Fitch Affirms Abu Dhabi at 'AA'; Outlook Stable".
  109. Fitch Ratings. "Fitch Affirms Andorra at 'A-'; Outlook Stable".
  110. Fitch Ratings. "Fitch Affirms Angola at 'B-'; Outlook Stable".
  111. Fitch Ratings. "Fitch Upgrades Argentina's FC IDR to 'CC'; Affirms LC IDR at 'CCC-'".
  112. Fitch Ratings. "Fitch Upgrades Armenia to 'BB-'; Outlook Stable".
  113. Fitch Ratings. "Fitch Upgrades Aruba to 'BB+'; Outlook Stable".
  114. Fitch Ratings. "Fitch Affirms Australia at 'AAA'; Outlook Stable".
  115. Fitch Ratings. "Fitch Revises Austria's Outlook to Stable; Affirms IDR at 'AA+'".
  116. Fitch Ratings. "Fitch Affirms Azerbaijan at 'BB+'; Outlook Positive".
  117. Fitch Ratings. "Fitch Affirms Bahrain at 'B+'; Outlook Stable".
  118. Fitch Ratings. "Fitch Revises Outlook on Bangladesh to Negative; Affirms at 'BB-'".
  119. Fitch Ratings. "Fitch Revises Barbados' Outlook to Positive; Affirms at 'B'".
  120. Fitch Ratings. "Fitch Withdraws Belarus's Ratings".
  121. Fitch Ratings. "Fitch Affirms Belgium at 'AA-'; Outlook Negative".
  122. Fitch Ratings. "Fitch Affirms Benin at 'B+'; Outlook Stable".
  123. Fitch Ratings. "Fitch Downgrades Bolivia to 'CCC'".
  124. Fitch Ratings. "Fitch Upgrades Brazil to 'BB'; Outlook Stable".
  125. Fitch Ratings. "Fitch Affirms Bulgaria at 'BBB'; Outlook Positive".
  126. Fitch Ratings. "Fitch Affirms Cabo Verde at 'B-'; Outlook Positive".
  127. Fitch Ratings. "Fitch Revises Cameroon's Outlook to Negative; Affirms at 'B'".
  128. Fitch Ratings. "Fitch Affirms Canada at 'AA+'; Outlook Stable".
  129. Fitch Ratings. "Fitch Affirms Chile at 'A-'; Outlook Stable".
  130. Fitch Ratings. "Fitch Affirms China at 'A+'; Outlook Stable".
  131. Fitch Ratings. "Fitch Affirms Colombia's 'BB+' Rating; Outlook Stable".
  132. Fitch Ratings. "Fitch Upgrades Costa Rica to 'BB-'; Outlook Stable".
  133. Fitch Ratings. "Fitch Affirms Cote d'Ivoire at 'BB-'; Outlook Stable".
  134. Fitch Ratings. "Fitch Revises Croatia's Outlook to Positive; Affirms at 'BBB+'".
  135. Fitch Ratings. "Fitch Revises Cyprus's Outlook to Positive; Affirms at 'BBB'".
  136. Fitch Ratings. "Fitch Affirms Czech Republic at 'AA-'; Outlook Negative".
  137. Fitch Ratings. "Fitch Affirms Denmark at 'AAA'; Outlook Stable".
  138. Fitch Ratings. "Fitch Revises Dominican Republic's Outlook to Positive; Affirms at 'BB-'".
  139. Fitch Ratings. "Fitch Downgrades Ecuador's Long-Term IDR to 'CCC+'".
  140. Fitch Ratings. "Fitch Downgrades Egypt to 'B-'; Outlook Stable".
  141. Fitch Ratings. "Fitch Takes Rating Actions on El Salvador Following Local Law Securities Debt Exchange".
  142. Fitch Ratings. "Fitch Downgrades Estonia to 'A+'; Outlook Stable".
  143. Fitch Ratings. "Fitch Downgrades Ethiopia's LTFC IDR to 'RD'".
  144. Fitch Ratings. "Fitch Affirms European Union and Euratom at 'AAA'; Outlook Stable".
  145. Fitch Ratings. "Fitch Affirms Finland at 'AA+'; Outlook Stable".
  146. Fitch Ratings. "Fitch Affirms France at 'AA-'; Outlook Stable".
  147. Fitch Ratings. "Fitch Affirms Gabon at 'B-'; Removes Rating Watch Negative; Outlook Stable".
  148. Fitch Ratings. "Fitch Affirms Georgia at 'BB'; Outlook positive".
  149. Fitch Ratings. "Fitch Affirms Germany at 'AAA'; Outlook Stable".
  150. Fitch Ratings. "Fitch Upgrades Ghana's Long-Term Local-Currency IDR to 'CCC'".
  151. Fitch Ratings. "Fitch Upgrades Greece to 'BBB-'; Outlook Stable".
  152. Fitch Ratings. "Fitch Upgrades Guatemala to 'BB'; Outlook Stable".
  153. Fitch Ratings. "Fitch Affirms Honduras's AMDC, Tegucigalpa at 'B'; Outlook Stable".
  154. Fitch Ratings. "Fitch Affirms Hong Kong at 'AA-'; Outlook Stable".
  155. Fitch Ratings. "Fitch Affirms Hungary at 'BBB'; Outlook Negative".
  156. Fitch Ratings. "Fitch Affirms Iceland at 'A'; Outlook Stable".
  157. Fitch Ratings. "Fitch Affirms India at 'BBB-'; Outlook Stable".
  158. Fitch Ratings. "Fitch Affirms Indonesia at 'BBB'; Outlook Stable". www.fitchratings.com. Retrieved 2024-03-21.
  159. Fitch Ratings. "Fitch Affirms Iraq at 'B-'; Outlook Stable".
  160. Fitch Ratings. "Fitch Affirms Ireland at 'AA-'; Outlook Positive".
  161. Fitch Ratings. "Fitch Places Israel's 'A+' IDRs on Rating Watch Negative".
  162. Fitch Ratings. "Fitch Affirms Italy at 'BBB'; Outlook Stable".
  163. Fitch Ratings. "Fitch Revises Jamaica's Outlook to Positive; Affirms at 'B+'".
  164. Fitch Ratings. "Fitch Affirms Japan at 'A'; Outlook Stable".
  165. Fitch Ratings. "Fitch Affirms Jordan at 'BB-', Outlook Stable".
  166. Fitch Ratings. "Fitch Affirms Kazakhstan at 'BBB'; Outlook Stable".
  167. Fitch Ratings. "Fitch Revises Kenya's Outlook to Negative; Affirms at 'B'".
  168. Fitch Ratings. "Fitch Assigns Kosovo 'BB-' IDR; Outlook Stable".
  169. Fitch Ratings. "Fitch Affirms Kuwait at 'AA-'; Outlook Stable".
  170. Fitch Ratings. "Fitch Affirms Laos at 'CCC-', Withdraws Ratings".
  171. Fitch Ratings. "Fitch Revises Latvia's Outlook to Positive; Affirms at 'A-'".
  172. Fitch Ratings. "Fitch Affirms Lebanon's LTFC IDR at 'RD', Downgrades LC IDRs to 'RD'".
  173. Fitch Ratings. "Fitch Affirms Lesotho at 'B'; Outlook Stable".
  174. Fitch Ratings. "Fitch Affirms Lithuania at 'A'; Outlook Stable".
  175. Fitch Ratings. "Fitch Affirms Luxembourg at 'AAA'; Outlook Stable".
  176. Fitch Ratings. "Fitch Affirms Macao at 'AA'; Outlook Stable".
  177. Fitch Ratings. "Fitch Affirms Malaysia at 'BBB+'; Outlook Stable".
  178. Fitch Ratings. "Fitch Affirms Maldives at 'B-'; Outlook Negative".
  179. Fitch Ratings. "Fitch Affirms Malta at 'A+'; Outlook Stable".
  180. Fitch Ratings. "Fitch Affirms Mexico at 'BBB-'; Outlook Stable".
  181. Fitch Ratings. "Fitch Affirms Mongolia at 'B'; Outlook Stable".
  182. Fitch Ratings. "Fitch Affirms Morocco at 'BB+'; Outlook Stable".
  183. Fitch Ratings. "Fitch Affirms Mozambique at 'CCC+'".
  184. Fitch Ratings. "Fitch Affirms Namibia at 'BB-'; Outlook Stable".
  185. Fitch Ratings. "Fitch Affirms the Netherlands at 'AAA'; Outlook Stable".
  186. Fitch Ratings. "Fitch Affirms New Zealand at 'AA+'; Outlook Stable".
  187. Fitch Ratings. "Fitch Affirms Nicaragua at 'B-'; Revises Outlook to Positive".
  188. Fitch Ratings. "Fitch Affirms Nigeria at 'B-'; Outlook Stable".
  189. Fitch Ratings. "Fitch Affirms North Macedonia at 'BB+'; Outlook Stable".
  190. Fitch Ratings. "Fitch Affirms Norway at 'AAA'; Outlook Stable".
  191. Fitch Ratings. "Fitch Upgrades Oman to 'BB+'; Outlook Stable".
  192. Fitch Ratings. "Fitch Affirms Pakistan at 'CCC'".
  193. Fitch Ratings. "Fitch Revises Panama's Outlook to Negative; Affirms IDR at 'BBB-'".
  194. Fitch Ratings. "Fitch Affirms Paraguay at 'BB+'; Outlook Stable".
  195. Fitch Ratings. "Fitch Affirms Peru at 'BBB'; Outlook Negative".
  196. Fitch Ratings. "Fitch Affirms Philippines at 'BBB'; Outlook Stable".
  197. Fitch Ratings. "Fitch Affirms Poland at 'A-'; Outlook Stable".
  198. Fitch Ratings. "Fitch Upgrades Portugal to 'A-'; Outlook Stable".
  199. Fitch Ratings. "Fitch Upgrades Qatar to 'AA'; Outlook Stable".
  200. Fitch Ratings. "Fitch Affirms Ras Al Khaimah at 'A'; Outlook Positive".
  201. Fitch Ratings. "Fitch Affirms Congo at 'CCC+'".
  202. Fitch Ratings. "Fitch Affirms Romania at 'BBB-'; Outlook Stable".
  203. Fitch Ratings. "Fitch Withdraws Russia's Ratings".
  204. Fitch Ratings. "Fitch Revises Rwanda's Outlook to Stable; Affirms at 'B+'".
  205. Fitch Ratings. "Fitch Revises San Marino's Outlook to Positive; Affirms at 'BB'".
  206. Fitch Ratings. "Fitch Upgrades Saudi Arabia to 'A+'; Outlook Stable".
  207. Fitch Ratings. "Fitch Upgrades Serbia to 'BB+'; Outlook Stable".
  208. Fitch Ratings. "Fitch Affirms Seychelles at 'BB-'; Outlook Stable".
  209. Fitch Ratings. "Fitch Affirms Singapore at 'AAA'; Outlook Stable".
  210. "Fitch Downgrades Slovakia to 'A-'; Outlook Stable".
  211. Fitch Ratings. "Fitch Affirms Slovenia at 'A'; Outlook Stable".
  212. Fitch Ratings. "Fitch Affirms South Africa at 'BB-'; Outlook Stable".
  213. Fitch Ratings. "Fitch Affirms Korea at 'AA-'; Outlook Stable".
  214. Fitch Ratings. "Fitch Affirms Spain at 'A-'; Outlook Stable".
  215. Fitch Ratings. "Fitch Upgrades Sri Lanka's Long-Term Local-Currency IDR to 'CCC-'".
  216. Fitch Ratings. "Fitch Affirms Suriname at 'RD', Withdraws Ratings".
  217. Fitch Ratings. "Fitch Affirms Sweden at 'AAA'; Outlook Stable".
  218. Fitch Ratings. "Fitch Affirms Switzerland at 'AAA'; Outlook Stable".
  219. Fitch Ratings. "Fitch Affirms Taiwan at 'AA'; Outlook Stable".
  220. Fitch Ratings. "Fitch Affirms Tanzania at 'B+'; Outlook Stable".
  221. Fitch Ratings. "Fitch Affirms Thailand at 'BBB+'; Outlook Stable".
  222. Fitch Ratings. "Fitch Affirms Tunisia at 'CCC-'".
  223. Fitch Ratings. "Fitch Upgrades Turkiye to 'B+'; Outlook Positive".
  224. Fitch Ratings. "Fitch Affirms Turkmenistan at 'B+'; Outlook Positive".
  225. Fitch Ratings. "Fitch Affirms Uganda at 'B+'; Outlook Negative".
  226. Fitch Ratings. "Fitch Affirms Ukraine at 'CC'".
  227. Fitch Ratings. "Fitch Affirms the United Arab Emirates at 'AA-'; Outlook Stable".
  228. Fitch Ratings. "Fitch Affirms United Kingdom at 'AA-'; Outlook Negative".
  229. Fitch Ratings. "Fitch Downgrades the United States' Long-Term Ratings to 'AA+' from 'AAA'; Outlook Stable".
  230. Fitch Ratings. "Fitch Upgrades Uruguay to 'BBB'; Outlook Stable".
  231. Fitch Ratings. "Fitch Affirms Uzbekistan at 'BB-'; Outlook Stable".
  232. Fitch Ratings. "Fitch Upgrades Vietnam to 'BB+'; Outlook Stable".
  233. Fitch Ratings. "Fitch Affirms Zambia's LTFC IDR at 'RD'; Upgrades LTLC IDR to 'CCC+'".
  234. "investment grade : defined at Finance Glossary". Finance-glossary.com. Archived from the original on 2012-11-05. Retrieved 2013-02-25.
  235. Moody's Investors Service. "Moody's affirms Angola's ratings at B3, maintains positive outlook".
  236. Moody's Investors Service. "Moody's affirms the B1 ratings of Albania; maintains stable outlook".
  237. Moody's Investors Service. "Moody's affirms Argentina's Ca ratings; outlook stable".
  238. Moody's Investors Service. "Moody's changes Armenia's outlook to stable from negative; affirms Ba3 rating".
  239. Moody's Investors Service. "Moody's affirms Australia's Aaa rating, maintains stable outlook".
  240. Moody's Investors Service. "Moody's affirms Austria's Aa1 ratings; outlook remains stable".
  241. Moody's Investors Service. "Moody's upgrades Azerbaijan's ratings to Ba1, outlook changed to stable".
  242. Moody's Investors Service. "Moody's downgrades The Bahamas' ratings to B1, changes outlook to stable".
  243. Moody's Investors Service. "Moody's changes Bahrain's outlook to stable, affirms B2 ratings".
  244. Moody's Investors Service. "Moody's downgrades Bangladesh's ratings to B1, outlook stable".
  245. Moody's Investors Service. "Moody's upgrades Barbados' ratings to B3 from Caa1; maintains a stable outlook".
  246. Moody's Investors Service. "Moody's downgrades Belarus' ratings to C with a stable outlook".
  247. Moody's Investors Service. "Moody's affirms Belgium's Aa3 ratings; maintains stable outlook".
  248. Moody's Investors Service. "Moody's upgrades Belize's ratings to Caa2 from Caa3, maintains stable outlook".
  249. Moody's Investors Service. "Moody's affirms the B1 ratings of Benin; maintains stable outlook".
  250. Moody's Investors Service. "Moody's affirms Bermuda's A2 ratings; maintains stable outlook".
  251. Moody's Investors Service. "Moody's confirms Bolivia's ratings at Caa1, changes outlook to negative".
  252. Moody's Investors Service. "Moody's affirms Bosnia and Herzegovina's B3 ratings; outlook stable".
  253. Moody's Investors Service. "Moody's affirms Botswana's A3 ratings and maintains stable outlook".
  254. Moody's Investors Service. "Moody's affirms Brazil's Ba2 ratings; maintains stable outlook".
  255. Moody's Investors Service. "Moody's affirms Bulgaria's Baa1 ratings, maintains stable outlook".
  256. Moody's Investors Service. "Moody's changes Cambodia's outlook to negative, B2 ratings affirmed".
  257. Moody's Investors Service. "Moody's downgrades Cameroon's rating to Caa1 from B2; maintains stable outlook".
  258. Moody's Investors Service. "Moody's affirms Canada's Aaa rating; maintains stable outlook".
  259. Moody's Investors Service. "Moody's affirms Cayman Islands' Aa3 ratings, maintains stable outlook".
  260. Moody's Investors Service. "Moody's downgrades Chile's ratings to A2, changes outlook to stable from negative".
  261. Moody's Investors Service. "Moody's affirms China's A1 rating, changes outlook to negative from stable".
  262. Moody's Investors Service. "Moody's affirms Colombia's Baa2 ratings; maintains stable outlook".
  263. Moody's Investors Service. "Moody's affirms the Republic of the Congo's Caa2 ratings and maintains stable outlook".
  264. Moody's Investors Service. "Moody's upgrades Costa Rica's ratings to B1; changes outlook to positive from stable".
  265. Moody's Investors Service. "Moody's affirms Côte d'Ivoire's Ba3 rating; changes outlook to positive from stable".
  266. Moody's Investors Service. "Moody's affirms Croatia's Baa2 ratings, changes outlook to positive from stable".
  267. Moody's Investors Service. "Moody's withdraws Cuba's ratings due to lack of sufficient information".
  268. Moody's Investors Service. "Moody's upgrades Cyprus' ratings to Baa2 and changes outlook to stable".
  269. Moody's Investors Service. "Moody's changes Czech Republic's outlook to stable from negative, affirms Aa3 ratings".
  270. Moody's Investors Service. "Moody's affirms the Aaa ratings of Denmark; maintains stable outlook".
  271. Moody's Investors Service. "Moody's changes outlook on Dominican Republic's ratings to positive, affirms Ba3 ratings".
  272. Moody's Investors Service. "Moody's upgrades the Democratic Republic of the Congo's ratings to B3 from Caa1, outlook stable".
  273. Moody's Investors Service. "Moody's affirms Ecuador's Caa3 rating; maintains stable outlook".
  274. Moody's Investors Service. "Moody's changes outlook on Egypt to negative, affirms Caa1 ratings".
  275. Moody's Investors Service. "Moody's affirms El Salvador's Caa3 ratings; outlook changed to stable".
  276. Moody's Investors Service. "Moody's affirms Estonia's A1 ratings, maintains stable outlook".
  277. Moody's Investors Service. "Moody's changes eSwatini's outlook to positive from stable, affirms B3 rating".
  278. 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".
  279. Moody's Investors Service. "Moody's changes Fiji's outlook to stable from negative; affirms B1 rating".
  280. Moody's Investors Service. "Moody's affirms Finland's Aa1 ratings; outlook remains stable".
  281. Moody's Investors Service. "Moody's affirms France's Aa2 ratings; outlook remains stable".
  282. Moody's Investors Service. "Moody's changes the outlook on Gabon to negative; affirms Caa1 rating".
  283. Moody's Investors Service. "Moody's changes the outlook on Georgia's rating to negative; affirms Ba2 rating".
  284. Moody's Investors Service. "Moody's affirms Germany's Aaa ratings; outlook remains stable".
  285. Moody's Investors Service. "Moody's upgrades Ghana's local currency ratings to Caa3 from Ca, maintains stable outlook".
  286. Moody's Investors Service. "Moody's upgrades Greece's ratings to Ba1, outlook stable".
  287. Moody's Investors Service. "Moody's affirms Guatemala's Ba1 ratings; changes outlook to stable from negative".
  288. Moody's Investors Service. "Moody's affirms Honduras' B1 ratings; maintains stable outlook".
  289. Moody's Investors Service. "Moody's affirms Hong Kong SAR's Aa3 rating, changes outlook to negative from stable".
  290. Moody's Investors Service. "Moody's affirms the Baa2 ratings of Hungary; maintains stable outlook".
  291. Moody's Investors Service. "Moody's changes outlook on Iceland's ratings to positive, affirms A2 ratings".
  292. Moody's Investors Service. "Moody's affirms India's Baa3 ratings; outlook stable".
  293. Moody's Investors Service. "Moody's assigns Baa2 ratings to Indonesia's dollar denominated bonds".
  294. Moody's Investors Service. "Moody's affirms Iraq's Caa1 ratings, maintains stable outlook".
  295. Moody's Investors Service. "Moody's upgrades Ireland's ratings to Aa3, outlook stable".
  296. Moody's Investors Service. "Moody's changes the outlook on the Isle of Man to stable from negative, affirms Aa3 ratings".
  297. Moody's Investors Service. "Moody's places Israel's A1 ratings on review for downgrade".
  298. Moody's Investors Service. "Moody's affirms Italy's ratings at Baa3, changes the outlook to stable from negative".
  299. Moody's Investors Service. "Moody's upgrades Jamaica's government ratings to B1 and changes outlook to positive from stable".
  300. Moody's Investors Service. "Moody's affirms Japan's A1 ratings; maintains stable outlook".
  301. Moody's Investors Service. "Moody's changes outlook on Jordan's rating to positive from stable; affirms B1 rating".
  302. Moody's Investors Service. "Moody's changes Kazakhstan's outlook to positive from stable, affirms Baa2 rating".
  303. Moody's Investors Service. "Moody's confirms Kenya's ratings at B3, changes outlook to negative".
  304. Moody's Investors Service. "Moody's affirms Kuwait's A1 rating; maintains stable outlook".
  305. Moody's Investors Service. "Moody's confirms Kyrgyz Republic's ratings at B3, changes outlook to negative".
  306. Moody's Investors Service. "Moody's affirms Latvia's A3 ratings, maintains stable outlook".
  307. Moody's Investors Service. "Moody's affirms Lebanon's C rating, changes outlook to stable from no outlook".
  308. Moody's Investors Service. "Moody's affirms Lithuania's A2 ratings, maintains stable outlook".
  309. Moody's Investors Service. "Moody's affirms Luxembourg's Aaa ratings; maintains stable outlook".
  310. Moody's Investors Service. "Moody's changes outlook to negative from stable on Macao SAR, China's rating; affirms Aa3 rating".
  311. Moody's Investors Service. "Moody's affirms Malaysia's A3 rating, maintains stable outlook".
  312. Moody's Investors Service. "Moody's affirms Maldives' Caa1 rating, maintains stable outlook".
  313. Moody's Investors Service. "Moody's changes Mali's outlook to stable; affirms Caa2 ratings".
  314. Moody's Investors Service. "Moody's affirms Malta's A2 ratings, changes outlook to stable from negative".
  315. Moody's Investors Service. "Moody's downgrades Mauritius's rating to Baa3, changes outlook to stable".
  316. Moody's Investors Service. "Moody's downgrades Mexico's ratings to Baa2, changes outlook to stable from negative".
  317. Moody's Investors Service. "Moody's changes the outlook on Moldova's rating to stable from negative; affirms B3 rating".
  318. Moody's Investors Service. "Moody's affirms Mongolia's B3 rating, maintains stable outlook".
  319. Moody's Investors Service. "Moody's affirms Montenegro's B1 ratings; outlook stable".
  320. Moody's Investors Service. "Moody's affirms Morocco's Ba1 ratings, changes outlook to stable from negative".
  321. Moody's Investors Service. "Moody's changes outlook on Mozambique to stable from positive, affirms Caa2 ratings".
  322. Moody's Investors Service. "Moody's downgrades Namibia's ratings to B1, changes outlook to stable from negative".
  323. Moody's Investors Service. "Moody's affirms the Netherlands' Aaa ratings; outlook remains stable".
  324. Moody's Investors Service. "Moody's affirms New Zealand's Aaa rating, maintains stable outlook".
  325. Moody's Investors Service. "Moody's affirms Nicaragua's B3 ratings and maintains stable outlook".
  326. Moody's Investors Service. "Moody's changes Nigeria's outlook to positive, affirms Caa1 ratings".
  327. Moody's Investors Service. "Moody's affirms the Aaa ratings of Norway; maintains stable outlook".
  328. Moody's Investors Service. "Moody's upgrades Oman to Ba1, changes outlook to stable".
  329. Moody's Investors Service. "Moody's downgrades Pakistan's rating to Caa3; changes outlook to stable from negative".
  330. Moody's Investors Service. "Moody's downgrades Panama's rating to Baa3, changes outlook to stable".
  331. Moody's Investors Service. "Moody's changes Papua New Guinea's outlook to stable from negative; affirms B2 rating".
  332. Moody's Investors Service. "Moody's affirms Paraguay's Ba1 ratings; changes outlook to positive from stable".
  333. Moody's Investors Service. "Moody's changes outlook on Peru's Baa1 rating to negative; affirms ratings".
  334. Moody's Investors Service. "Moody's affirms the Philippines' Baa2 ratings; outlook stable".
  335. Moody's Investors Service. "Moody's affirms Poland's A2 ratings; maintains stable outlook".
  336. Moody's Investors Service. "Moody's upgrades Portugal's ratings to A3 and changes outlook to stable".
  337. Moody's Investors Service. "Moody's changes the outlook on Qatar to positive, affirms Aa3 rating".
  338. Moody's Investors Service. "Moody's affirms Romania's Baa3 ratings, maintains stable outlook".
  339. Moody's Investors Service. "Moody's withdraws credit ratings on multiple entities".
  340. Moody's Investors Service. "Moody's changes outlook on Rwanda to stable from negative; affirms B2 ratings".
  341. Moody's Investors Service. "Moody's affirms St. Vincent and the Grenadines' B3 issuer ratings; maintains stable outlook".
  342. Moody's Investors Service. "Moody's changes Saudi Arabia's outlook to positive, affirms A1 ratings".
  343. Moody's Investors Service. "Moody's changes Senegal's outlook to stable from negative, affirms Ba3 rating".
  344. Moody's Investors Service. "Moody's affirms Serbia's Ba2 ratings; outlook stable".
  345. Moody's Investors Service. "Moody's affirms Singapore's Aaa rating, maintains stable outlook".
  346. Moody's Investors Service. "Moody's maintains negative outlook on Slovakia's A2 ratings".
  347. Moody's Investors Service. "Moody's affirms Slovenia's A3 rating; maintains stable outlook".
  348. Moody's Investors Service. "Moody's changes South Africa's outlook to stable; affirms Ba2 ratings".
  349. Moody's Investors Service. "Moody's affirms Korea's Aa2 rating, maintains stable outlook".
  350. Moody's Investors Service. "Moody's affirms Spain's Baa1 rating and maintains stable outlook".
  351. Moody's Investors Service. "Moody's downgrades Sri Lanka's rating to Ca; outlook stable".
  352. Moody's Investors Service. "Moody's changes Suriname's rating outlook to stable, affirms the Caa3 rating".
  353. Moody's Investors Service. "Moody's affirms Sweden's Aaa ratings; maintains stable outlook".
  354. Moody's Investors Service. "Moody's affirms Switzerland's Aaa ratings, maintains stable outlook".
  355. Moody's Investors Service. "Moody's changes Taiwan, China's outlook to stable from positive, affirms Aa3 rating".
  356. Moody's Investors Service. "Moody's changes outlook on Tajikistan to stable from negative, affirms B3 ratings".
  357. Moody's Investors Service. "Moody's affirms Thailand's Baa1 rating; maintains stable outlook".
  358. Moody's Investors Service. "Moody's affirms Trinidad & Tobago's ratings at Ba2, changes outlook to positive".
  359. Agence Tunis Afrique Presse. "Moody's changes outlook on Tunisia to stable from negative; affirms Caa2 ratings".
  360. Moody's Investors Service. "Moody's downgrades Turkiye's ratings to B3, changes outlook to stable".
  361. Moody's Investors Service. "Moody's changes outlook on Uganda's rating to negative; affirms the B2 rating".
  362. Moody's Investors Service. "Moody's downgrades Ukraine's ratings to Ca with a stable outlook".
  363. Moody's Investors Service. "Moody's affirms the United Arab Emirates' Aa2 rating; maintains stable outlook".
  364. Moody's Investors Service. "Moody's changes the outlook on the UK to stable from negative, affirms Aa3 ratings".
  365. Moody's Investors Service. "Moody's changes outlook on United States' ratings to negative, affirms Aaa ratings".
  366. Moody's Ratings (15 March 2024). "Moody's upgrades Uruguay's ratings to Baa1; changes outlook to stable" . Moody's. Retrieved 16 March 2024.
  367. Moody's Investors Service. "Moody's upgrades Uzbekistan's rating to Ba3, outlook stable".
  368. Moody's Investors Service. "Moody's withdraws certain Government of Venezuela ratings for business reasons".
  369. Moody's Investors Service. "Moody's upgrades Vietnam's rating to Ba2, outlook changed to stable".
  370. Moody's Investors Service. "Moody's affirms Zambia's Ca ratings; outlook stable".
  371. DBRS Morningstar. "Market sectors | Governments | Sovereigns".
  372. Scope Ratings. "Sovereign Ratings".
  373. Japan Credit Rating Agency. "Rating Lists | Sovereigns and Supranationals".
  374. Japan Credit Rating Agency. "主权评级" [Sovereign Rating].
  375. Country Brief - Gambia (password-protected)
  376. Cbonds.Info - Fitch (UK) Withdraws Iran's Ratings
  377. Fitch Downgrades, Withdraws Libya's Credit Rating - FoxBusiness.com
  378. "Mali given credit rating under UN development initiative". United Nations Organization. 2004-05-06. Retrieved 2013-02-25.
  379. "Fitch withdraws Mali's ratings". Reuters. 2009-12-04. Archived from the original on December 1, 2011. Retrieved 2013-02-25.

See also