FXEMPIRE
All
Ad
Advertisement
Advertisement

Sovereign Credit Ratings

A sovereign credit rating is issued by a credit rating agency after evaluating the country’s economic and political conditions.

Sovereign credit ratings provide investors with an indication of the level of risk associated with investing in a particular country while taking into account the Financial, Economic and Political factors.

The credit rating of a country plays a crucial role when it is issuing debt on the international bond markets – the better the rating, the lower the interest rate investors will be willing to accept on the debt.

Below is a global summary of the latest long-term foreign-currency ratings issued by the largest credit agencies.

Choose Region
G20
Search Country
Sovereign Credit Ratings
See Table Key
Moody'sS&PFitchDBRSScope Ratings
Country
RatingOutlookRatingOutlookRatingOutlookRatingOutlookRatingOutlook
Australia
AaaStableAAAStableAAANegativeAAAStableNR-
Argentina
CaStableCCC+StableCCCN/ACCCN/ANR-
Brazil
Ba2StableBB-StableBB-NegativeBB (low)StableNR-
Canada
AaaStableAAAStableAA+StableAAAStableNR-
China
A1StableA+StableA+StableA (high)StableA+Negative
France
Aa2StableAAStableAANegativeAA (high)StableAAStable
Germany
AaaStableAAAStableAAAStableAAAStableAAAStable
Italy
Baa3StableBBBStableBBB-StableBBB (high)NegativeBBB+Negative
Japan
A1StableA+StableANegativeA (high)StableA+Negative
South Korea
Aa2StableAAStableAA-StableNR-NR-
Mexico
Baa1NegativeBBBNegativeBBB-StableBBBStableNR-
Russian Federation
Baa3StableBBB-StableBBBStableNR-BBBStable
India
Baa3NegativeBBB-StableBBB-NegativeBBB (low)StableNR-
Indonesia
Baa2StableBBBNegativeBBBStableNR-NR-
Saudi Arabia
A1NegativeA-StableANegativeNR-NR-
South Africa
Ba2NegativeBB-StableBB-NegativeNR-NR-
Turkey
B2NegativeB+StableBB-StableBB (high)NegativeBNegative
United Kingdom
Aa3StableAAStableAA-NegativeAA (high)StableAANegative
United States
AaaStableAA+StableAAANegativeAAAStableAAStable

Latest Credit Changes

Country
DateRating AgencyPrevious RatingCurrent Rating
Nicaragua
Jun 11, 2021FitchB- NegativeB- Stable
Tajikistan
Jun 10, 2021Moody'sB3 NegativeB3 Stable
Australia
Jun 6, 2021S&PAAA NegativeAAA Stable
Uzbekistan
Jun 4, 2021S&PBB- NegativeBB- Stable
Papua New Guinea
Jun 3, 2021S&PB- Negative WatchB- Negative
Belgium
May 28, 2021Scope RatingsAA NegativeAA- Stable
Bahrain
May 28, 2021S&PB+ StableB+ Negative
Belize
May 24, 2021S&PCC NegativeSD N/A
Ireland
May 21, 2021Scope RatingsA+ PositiveAA- Stable
Vietnam
May 21, 2021S&PBB StableBB Positive
Peru
May 21, 2021Moody'sA3 StableA3 Negative
Lithuania
May 21, 2021DBRSA StableA Positive
Latvia
May 21, 2021DBRSA (low) StableA (low) Positive
India
May 19, 2021DBRSBBB NegativeBBB (low) Stable
Colombia
May 19, 2021S&PBBB- NegativeBB+ Stable
Ethiopia
May 17, 2021Moody'sB2 Under ReviewCaa1 Under Review
Romania
May 14, 2021Scope RatingsBBB- NegativeBBB- Stable
Azerbaijan
May 14, 2021FitchBB+ NegativeBB+ Stable
Mexico
May 6, 2021DBRSBBB NegativeBBB Stable
Papua New Guinea
Apr 30, 2021S&PB- StableB- Negative Watch

Table Key

Grade
Moody'sS&PFitchDBRSScope Ratings
Prime
AaaAAAAAAAAAAAA
High Grade
Aa1AA+AA+AA (high)AA+
Aa2AAAAAAAA
Aa3AA-AA-AA (low)AA-
Upper Medium Grade
A1A+A+A (high)A+
A2AAAA
A3A-A-A (low)A-
Lower Medium Grade
Baa1BBB+BBB+BBB (high)BBB+
Baa2BBBBBBBBBBBB
Baa3BBB-BBB-BBB (low)BBB-
Non-investment Grade Speculative
Ba1BB+BB+BB (high)BB+
Ba2BBBBBBBB
Ba3BB-BB-BB (low)BB-
Highly Speculative
B1B+B+B (high)B+
B2BBBB
B3B-B-B (low)B-
Substantial Risks
Caa1CCC+CCC+CCC
Caa2CCCCCCCCCCCC
Caa3CCC-CCC-CCC
Extremely Speculative
CaCCCCCCCCC
CCCCC
In Default with Little Prospect for Recovery
CDRDRD
In Default
SDSD
CDDDD
DDDD
DDDDDD
Not Rated
NRNRNRNRNR

Trade With A Regulated Broker