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Sweden Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Aaa Stable | AAA Stable | AAA Stable | AAA Stable | AAA Stable |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Aug 18, 2017 | Scope Ratings | NR | — | AAA | Stable | |
| Apr 17, 2012 | DBRS | NR | — | AAA | Stable | |
| Mar 08, 2004 | Fitch | AA+ | Stable | AAA | Stable | |
| Feb 16, 2004 | S&P | AA+ | Positive | AAA | Stable | |
| Apr 04, 2002 | Moody's | Aa1 | Stable | Aaa | Stable | |
| Mar 04, 2002 | Fitch | AA | Positive | AA+ | Stable | |
| Jul 18, 2001 | Fitch | AA | Stable | AA | Positive | |
| Sep 21, 2000 | Fitch | AA | — | AA | Stable | |
| Jul 24, 2000 | S&P | AA+ | Stable | AA+ | Positive | |
| Aug 23, 1999 | Moody's | Aa2 | Positive | Aa1 | Stable | |
| Feb 10, 1999 | Moody's | Aa2 | Stable | Aa2 | Positive | |
| Jan 27, 1999 | Fitch | AA- | — | AA | — | |
| Jun 04, 1998 | Moody's | Aa3 | Positive Watch | Aa2 | Stable | |
| May 15, 1998 | Moody's | Aa3 | Positive | Aa3 | Positive Watch | |
| Jun 26, 1997 | Moody's | Aa3 | Stable | Aa3 | Positive | |
| Apr 18, 1997 | S&P | AA+ | Negative | AA+ | Stable | |
| Jan 12, 1995 | S&P | AA+ | Stable | AA+ | Negative | |
| Jan 05, 1995 | Moody's | Aa2 | Negative Watch | Aa3 | Stable | |
| Dec 22, 1994 | Fitch | AA | — | AA- | — | |
| Oct 08, 1994 | Moody's | Aa2 | Stable | Aa2 | Negative Watch |
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 Sweden’s current credit rating?
Sweden’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 Sweden’s credit risk.
Has Sweden’s credit rating changed recently?
This page lists the latest rating and outlook actions for Sweden, showing when each agency last reviewed or changed its assessment.
Why does Sweden’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Sweden's bond yields, currency, and equity flows as investors reassess risk.
How does Sweden’s rating compare to other countries?
You can explore how Sweden 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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