Lesotho Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
NR | NR | B Stable | NR | NR |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Jul 22, 2022 | Fitch | B | Negative | B | Stable | |
| Aug 13, 2020 | Fitch | B | Stable | B | Negative | |
| Aug 19, 2019 | Fitch | B+ | Negative | B | Stable | |
| Aug 24, 2018 | Fitch | B+ | Stable | B+ | Negative | |
| Apr 22, 2016 | Fitch | BB- | Stable | B+ | Stable | |
| May 20, 2013 | Fitch | BB- | Negative | BB- | Stable | |
| Nov 21, 2011 | Fitch | BB- | Negative | BB- | Negative | |
| May 31, 2011 | Fitch | BB- | Stable | BB- | Negative | |
| Sep 18, 2006 | Fitch | BB- | Negative | BB- | Stable | |
| Nov 04, 2005 | Fitch | BB- | Stable | BB- | Negative | |
| Nov 30, 2004 | Fitch | B+ | Positive | BB- | Stable | |
| Sep 26, 2003 | Fitch | B+ | Stable | B+ | Positive | |
| Sep 02, 2002 | Fitch | NR | B+ | 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 | CCC | CC |
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 Lesotho’s current credit rating?
Lesotho’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 Lesotho’s credit risk.
Has Lesotho’s credit rating changed recently?
This page lists the latest rating and outlook actions for Lesotho, showing when each agency last reviewed or changed its assessment.
Why does Lesotho’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Lesotho's bond yields, currency, and equity flows as investors reassess risk.
How does Lesotho’s rating compare to other countries?
You can explore how Lesotho 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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