Venezuela Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
WR — | N/A — | RD — | NR | NR |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Sep 20, 2021 | S&P | SD | — | N/A | — | |
| Aug 14, 2019 | Moody's | C | Stable | WR | — | |
| Mar 09, 2018 | Moody's | Caa3 | Negative | C | Stable | |
| Nov 14, 2017 | S&P | CC | Negative Watch | SD | — | |
| Nov 14, 2017 | Fitch | C | — | RD | — | |
| Nov 03, 2017 | S&P | CCC- | Negative | CC | Negative Watch | |
| Nov 03, 2017 | Fitch | CC | — | C | — | |
| Aug 30, 2017 | Fitch | CCC | — | CC | — | |
| Jul 11, 2017 | S&P | CCC | Negative | CCC- | Negative | |
| Mar 04, 2016 | Moody's | Caa3 | Stable | Caa3 | Negative | |
| Feb 09, 2015 | S&P | CCC+ | Negative | CCC | Negative | |
| Jan 13, 2015 | Moody's | Caa1 | Negative | Caa3 | Stable | |
| Dec 18, 2014 | Fitch | B | Negative | CCC | — | |
| Sep 16, 2014 | S&P | B- | Negative | CCC+ | Negative | |
| Mar 25, 2014 | Fitch | B+ | Negative | B | Negative | |
| Dec 16, 2013 | Moody's | B2 | Negative | Caa1 | Negative | |
| Dec 13, 2013 | S&P | B | Negative | B- | Negative | |
| Jun 17, 2013 | S&P | B+ | Negative | B | Negative | |
| Apr 19, 2013 | S&P | B+ | Stable | B+ | Negative | |
| Jan 15, 2013 | Moody's | B2 | Stable | B2 | Negative |
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 Venezuela’s current credit rating?
Venezuela’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 Venezuela’s credit risk.
Has Venezuela’s credit rating changed recently?
This page lists the latest rating and outlook actions for Venezuela, showing when each agency last reviewed or changed its assessment.
Why does Venezuela’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Venezuela's bond yields, currency, and equity flows as investors reassess risk.
How does Venezuela’s rating compare to other countries?
You can explore how Venezuela 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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