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Democratic Republic of the Congo Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Caa1 Positive | CCC+ Positive | NR — | NR — | NR — |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Oct 18, 2021 | Moody's | Caa1 | Stable | Caa1 | Positive | |
| Jul 30, 2021 | S&P | CCC+ | Stable | CCC+ | Positive | |
| Jul 31, 2020 | S&P | CCC+ | Positive | CCC+ | Stable | |
| Aug 02, 2019 | S&P | CCC+ | Stable | CCC+ | Positive | |
| Jun 18, 2019 | Moody's | B3 | Negative | Caa1 | Stable | |
| Dec 08, 2017 | Moody's | B3 | Stable | B3 | Negative | |
| Aug 04, 2017 | S&P | B- | Negative | CCC+ | Stable | |
| Feb 05, 2016 | S&P | B- | Stable | B- | Negative | |
| Dec 13, 2013 | S&P | NR | — | B- | Stable | |
| Sep 06, 2013 | Moody's | NR | — | B3 | Stable |
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 | CC | CC |
C | CC | 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 Democratic Republic of the Congo’s current credit rating?
Democratic Republic of the Congo’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 Democratic Republic of the Congo’s credit risk.
Has Democratic Republic of the Congo’s credit rating changed recently?
This page lists the latest rating and outlook actions for Democratic Republic of the Congo, showing when each agency last reviewed or changed its assessment.
Why does Democratic Republic of the Congo’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Democratic Republic of the Congo's bond yields, currency, and equity flows as investors reassess risk.
How does Democratic Republic of the Congo’s rating compare to other countries?
You can explore how Democratic Republic of the Congo 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.
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