Slovakia Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
A2 Stable | A+ Negative | A Negative | A (low) Stable | A Negative |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Aug 08, 2025 | DBRS | A | Stable | A (low) | Stable | |
| Jun 27, 2025 | Scope Ratings | A | Stable | A | Negative | |
| Apr 25, 2025 | S&P | A+ | Negative | A+ | Negative | |
| Feb 11, 2024 | Scope Ratings | A+ | Negative | A | Stable | |
| Feb 24, 2023 | DBRS | A (high) | Negative | A | Stable | |
| Oct 28, 2022 | Scope Ratings | A+ | Stable | A+ | Negative | |
| Aug 26, 2022 | DBRS | A (high) | Stable | A (high) | Negative | |
| Aug 19, 2022 | Fitch | A | Stable | A | Negative | |
| May 20, 2022 | S&P | A+ | Stable | A+ | Negative | |
| Dec 03, 2021 | Scope Ratings | A+ | Negative | A+ | Stable | |
| Oct 29, 2021 | Fitch | A | Negative | A | Stable | |
| Jan 22, 2021 | S&P | A+ | Negative | A+ | Stable | |
| Nov 06, 2020 | Fitch | A | Stable | A | Negative | |
| Jul 24, 2020 | S&P | A+ | Stable | A+ | Negative | |
| May 08, 2020 | Fitch | A+ | Stable | A | Stable | |
| May 01, 2020 | Scope Ratings | A+ | Stable | A+ | Negative | |
| Sep 27, 2019 | Moody's | A2 | Positive | A2 | Stable | |
| Sep 01, 2017 | Scope Ratings | NR | A+ | Stable | ||
| Apr 07, 2017 | Moody's | A2 | Stable | A2 | Positive | |
| Apr 22, 2016 | DBRS | NR | A (high) | 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 Slovakia’s current credit rating?
Slovakia’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 Slovakia’s credit risk.
Has Slovakia’s credit rating changed recently?
This page lists the latest rating and outlook actions for Slovakia, showing when each agency last reviewed or changed its assessment.
Why does Slovakia’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Slovakia's bond yields, currency, and equity flows as investors reassess risk.
How does Slovakia’s rating compare to other countries?
You can explore how Slovakia 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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