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Laos Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Caa2 Stable | CCC+ Stable | CCC+ — | NR — | NR — |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Dec 03, 2025 | Moody's | Caa3 | Stable | Caa2 | Stable | |
| Oct 23, 2025 | S&P | NR | — | CCC+ | Stable | |
| Oct 21, 2025 | Fitch | N/A | — | CCC+ | — | |
| Oct 10, 2022 | Fitch | CCC- | — | N/A | — | |
| Aug 04, 2022 | Fitch | CCC | — | CCC- | — | |
| Jun 14, 2022 | Moody's | Caa2 | Negative | Caa3 | Stable | |
| Sep 23, 2020 | Fitch | B- | Negative | CCC | — | |
| Aug 14, 2020 | Moody's | B3 | Under Review | Caa2 | Negative | |
| Jun 19, 2020 | Moody's | B3 | Positive | B3 | Under Review | |
| May 15, 2020 | Fitch | B- | Stable | B- | Negative | |
| Feb 12, 2020 | Fitch | NR | — | B- | Stable | |
| Jan 08, 2020 | Moody's | NR | — | B3 | Positive |
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 Laos’s current credit rating?
Laos’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 Laos’s credit risk.
Has Laos’s credit rating changed recently?
This page lists the latest rating and outlook actions for Laos, showing when each agency last reviewed or changed its assessment.
Why does Laos’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Laos's bond yields, currency, and equity flows as investors reassess risk.
How does Laos’s rating compare to other countries?
You can explore how Laos 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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