Barbados Credit Ratings & Outlooks

Country	Moody's	S&P	Fitch	DBRS	Scope Ratings
Barbados	B3 Stable	B Positive	B+ Positive	NR	NR

Credit Rating History

Country	Date of Change	Rating Agency	Previous Rating	Previous Outlook	Current Rating	Current Outlook
Barbados	Oct 09, 2025	Fitch	B+	Stable	B+	Positive
Barbados	Nov 05, 2024	S&P	B-	Positive	B	Positive
Barbados	Oct 15, 2024	Fitch	B	Positive	B+	Stable
Barbados	Oct 26, 2023	S&P	B-	Stable	B-	Positive
Barbados	Oct 17, 2023	Fitch	B	Stable	B	Positive
Barbados	Aug 03, 2023	Moody's	Caa1	Stable	B3	Stable
Barbados	Oct 20, 2022	Fitch	NR		B	Stable
Barbados	Jan 13, 2020	S&P	B-	Stable	B-	Stable
Barbados	Dec 11, 2019	S&P	SD	—	B-	Stable
Barbados	Jul 03, 2019	Moody's	Caa3	Stable	Caa1	Stable
Barbados	Jun 06, 2018	S&P	CCC+	Negative	SD	—
Barbados	Mar 09, 2017	Moody's	Caa1	Stable	Caa3	Stable
Barbados	Mar 03, 2017	S&P	B-	Negative	CCC+	Negative
Barbados	Sep 23, 2016	S&P	B	Negative	B-	Negative
Barbados	Apr 04, 2016	Moody's	B3	Negative	Caa1	Stable
Barbados	Dec 19, 2014	S&P	BB-	Negative	B	Negative
Barbados	Jun 02, 2014	Moody's	Ba3	Negative	B3	Negative
Barbados	Dec 20, 2013	Moody's	Ba1	Negative	Ba3	Negative
Barbados	Nov 20, 2013	S&P	BB+	Negative	BB-	Negative
Barbados	Jul 18, 2013	S&P	BB+	Stable	BB+	Negative

Table Key

Grade	Moody's	S&P	Fitch	DBRS	Scope Ratings
Prime	Aaa	AAA	AAA	AAA	AAA
High Grade	Aa1	AA+	AA+	AA (high)	AA+
	Aa2	AA	AA	AA	AA
	Aa3	AA-	AA-	AA (low)	AA-
Upper Medium Grade	A1	A+	A+	A (high)	A+
	A2	A	A	A	A
	A3	A-	A-	A (low)	A-
Lower Medium Grade	Baa1	BBB+	BBB+	BBB (high)	BBB+
	Baa2	BBB	BBB	BBB	BBB
	Baa3	BBB-	BBB-	BBB (low)	BBB-
Non-investment Grade Speculative	Ba1	BB+	BB+	BB (high)	BB+
	Ba2	BB	BB	BB	BB
	Ba3	BB-	BB-	BB (low)	BB-
Highly Speculative Grade	B1	B+	B+	B (high)	B+
	B2	B	B	B	B
	B3	B-	B-	B (low)	B-
Substantial Risk Grade	Caa1	CCC+	CCC+	CCC
	Caa2	CCC	CCC	CCC	CCC
	Caa3	CCC-	CCC-	CCC
Extremely Speculative Grade	Ca	CC	CC	CCC	CC
Extremely Speculative Grade			C	CCC	C
In Default with Little Prospect for Recovery		CD	RD	RD
In Default		SD		SD
	C	D	D	D	D
			DD	DD
			DDD	DDD
Not Rated	NR	NR	NR	NR	NR

FAQ

What is Barbados’s current credit rating?

Barbados’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Barbados’s credit risk.

Has Barbados’s credit rating changed recently?

This page lists the latest rating and outlook actions for Barbados, showing when each agency last reviewed or changed its assessment.

Why does Barbados’s credit rating matter to investors?

Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Barbados's bond yields, currency, and equity flows as investors reassess risk.

How does Barbados’s rating compare to other countries?

You can explore how Barbados ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.

What do outlooks like Positive, Stable, and Negative mean?

They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk

What is the difference between investment grade and speculative grade?

Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.