List_of_countries_by_credit_rating

List of countries by credit rating

List of countries by credit rating

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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.

Standard & Poor's

Map of S&P's sovereign long-term foreign credit ratings as of March 2024.
Legend:
  AAA   AA+   AA   AA-
  A+   A   A-   BBB+
  BBB   BBB-   BB+   BB
  BB-   B+   B   B-
  CCC+   CCC   CCC-   SD/D

For S&P, a bond is considered investment grade if its credit rating is BBB− or higher. Bonds rated BB+ and below are considered to be speculative grade, sometimes also referred to as "junk" bonds. An SD rating indicates that the country has selectively defaulted on some outstanding obligations[1][2]

More information Country/Territory, Rating ...

Fitch

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

For Fitch, a bond is considered investment grade if its credit rating is BBB− or higher. Bonds rated BB+ and below are considered to be speculative grade, sometimes also referred to as "junk" bonds.[102] 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'.[103]

More information Country/Territory, Rating ...

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

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.[230]

More information Country/Territory, Rating ...

Others

DBRS Morningstar

For DBRS Morningstar,[367] a bond is considered investment grade if its credit rating is BBB(low) or higher. Bonds rated BB(high) and below are considered to be speculative grade, sometimes also referred to as "junk" bonds.

More information Country, Rating ...

Scope Ratings

For Scope[368] – the European rating agency – a bond is considered investment grade if its credit rating is BBB− or higher. Bonds rated BB+ and below are considered to be speculative grade, sometimes also referred to as "junk" bonds.

More information Country/Territory, Rating ...

JCR

Japan Credit Rating Agency[369] (JCR) is a credit rating agency based in Japan. JCR is a Nationally Recognized Statistical Rating Organization by the U.S. Securities and Exchange Commission.

More information Country/Territory, Rating ...

China Chengxin

China Chengxin Credit Rating Group[370] is a credit rating agency based in China.

More information Country/Territory, Rating ...

Unrated

More information Country, Details ...

References

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    "Rating: Egypt Credit Rating". countryeconomy.com.
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    "Rating: El Salvador Credit Rating". countryeconomy.com.
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    Standard & Poor's. "Ethiopia Foreign Currency Ratings Lowered To 'SD' On Suspended Eurobond Coupon Payments". S&P Global.
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    "Rating: Fiji Credit Rating". countryeconomy.com.
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    "Rating: Hungary Credit Rating". countryeconomy.com.
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    "Rating: Ireland Credit Rating". countryeconomy.com.
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    "Israel Long-Term Ratings Lowered To 'A+' From 'AA-' On Heightened Geopolitical Risk; Outlook Negative". spglobal.com.
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    "Rating: Italy Credit Rating". countryeconomy.com.
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    "Rating: Jordan Credit Rating". countryeconomy.com.
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    "Rating: Kazakhstan Credit Rating". countryeconomy.com.
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    "Rating: Kenya Credit Rating". countryeconomy.com.
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    "Rating: Kuwait Credit Rating". countryeconomy.com.
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    "Rating: Latvia Credit Rating". countryeconomy.com.
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    "Rating: Lebanon Credit Rating". countryeconomy.com.
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    "Rating: Lithuania Credit Rating". countryeconomy.com.
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    "Rating: Mauritius Credit Rating". countryeconomy.com.
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    "Rating: Mongolia Credit Rating". countryeconomy.com.
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    "Rating: Morocco Credit Rating". countryeconomy.com.
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    "Rating: Mozambique Credit Rating". countryeconomy.com.
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    "Rating: Nigeria Credit Rating". countryeconomy.com.
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    "Rating: Norway Credit Rating". countryeconomy.com.
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    "Rating: Saudi Arabia Credit Rating". countryeconomy.com.
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    "Rating: Senegal Credit Rating". countryeconomy.com.
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    "Rating: Serbia Credit Rating". countryeconomy.com.
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    "Rating: Singapore Credit Rating". countryeconomy.com.
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    "Rating: Slovakia Credit Rating". countryeconomy.com.
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    "Rating: Trinidad and Tobago Credit Rating". countryeconomy.com.
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    "Rating: Turkey Credit Rating". countryeconomy.com.
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    Fitch Ratings. "Fitch Affirms Angola at 'B-'; Outlook Stable".
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    Fitch Ratings. "Fitch Upgrades Armenia to 'BB-'; Outlook Stable".
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    Fitch Ratings. "Fitch Affirms Australia at 'AAA'; Outlook Stable".
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    Fitch Ratings. "Fitch Revises San Marino's Outlook to Positive; Affirms at 'BB'".
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    Fitch Ratings. "Fitch Upgrades Saudi Arabia to 'A+'; Outlook Stable".
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    Fitch Ratings. "Fitch Upgrades Serbia to 'BB+'; Outlook Stable".
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    Fitch Ratings. "Fitch Affirms Seychelles at 'BB-'; Outlook Stable".
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    Fitch Ratings. "Fitch Affirms Singapore at 'AAA'; Outlook Stable".
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    "Fitch Downgrades Slovakia to 'A-'; Outlook Stable".
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    Fitch Ratings. "Fitch Affirms South Africa at 'BB-'; Outlook Stable".
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    Fitch Ratings. "Fitch Affirms Korea at 'AA-'; Outlook Stable".
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    Fitch Ratings. "Fitch Affirms Spain at 'A-'; Outlook Stable".
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    Fitch Ratings. "Fitch Affirms Sweden at 'AAA'; Outlook Stable".
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    Fitch Ratings. "Fitch Affirms Switzerland at 'AAA'; Outlook Stable".
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    Fitch Ratings. "Fitch Affirms Taiwan at 'AA'; Outlook Stable".
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    Fitch Ratings. "Fitch Affirms Tanzania at 'B+'; Outlook Stable".
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    Fitch Ratings. "Fitch Affirms Thailand at 'BBB+'; Outlook Stable".
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    Fitch Ratings. "Fitch Affirms Tunisia at 'CCC-'".
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