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Isle of Man Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Aa3 Stable | N/A — | NR — | NR — | NR — |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Oct 27, 2023 | Moody's | Aa3 | Negative | Aa3 | Stable | |
| Oct 28, 2022 | Moody's | Aa3 | Stable | Aa3 | Negative | |
| Oct 23, 2020 | Moody's | Aa2 | Negative | Aa3 | Stable | |
| Nov 16, 2019 | Moody's | Aa2 | Stable | Aa2 | Negative | |
| Sep 29, 2017 | Moody's | Aa1 | Negative | Aa2 | Stable | |
| Jun 29, 2016 | Moody's | Aa1 | Stable | Aa1 | Negative | |
| Feb 22, 2014 | S&P | AA | Stable | N/A | — | |
| Feb 21, 2014 | S&P | AA+ | Stable | AA | Stable | |
| Dec 16, 2013 | Moody's | Aaa | Negative Watch | Aa1 | Stable | |
| Jul 26, 2013 | Moody's | Aaa | Stable | Aaa | Negative Watch | |
| Nov 29, 2011 | S&P | NR | — | AA+ | Stable | |
| Nov 11, 2010 | Moody's | Aaa | Negative Watch | Aaa | Stable | |
| Oct 21, 2009 | Moody's | Aaa | Stable | Aaa | Negative Watch | |
| Dec 16, 1997 | Moody's | NR | — | Aaa | 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 Isle of Man’s current credit rating?
Isle of Man’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 Isle of Man’s credit risk.
Has Isle of Man’s credit rating changed recently?
This page lists the latest rating and outlook actions for Isle of Man, showing when each agency last reviewed or changed its assessment.
Why does Isle of Man’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Isle of Man's bond yields, currency, and equity flows as investors reassess risk.
How does Isle of Man’s rating compare to other countries?
You can explore how Isle of Man 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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