United States Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Aaa Negative | AA+ Stable | AA+ Stable | AAA Stable | AA- Stable |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Oct 24, 2025 | Scope Ratings | AA | Negative | AA- | Stable | |
| Nov 10, 2023 | Moody's | Aaa | Stable | Aaa | Negative | |
| Aug 01, 2023 | Fitch | AAA | Negative Watch | AA+ | Stable | |
| Jul 28, 2023 | DBRS | AAA | Negative Watch | AAA | Stable | |
| Jun 29, 2023 | Scope Ratings | AA | Negative Watch | AA | Negative | |
| May 25, 2023 | DBRS | AAA | Stable | AAA | Negative Watch | |
| May 24, 2023 | Fitch | AAA | Stable | AAA | Negative Watch | |
| May 05, 2023 | Scope Ratings | AA | Stable | AA | Negative Watch | |
| Jul 08, 2022 | Fitch | AAA | Negative | AAA | Stable | |
| Jul 31, 2020 | Fitch | AAA | Stable | AAA | Negative | |
| Sep 29, 2017 | Scope Ratings | NR | AA | Stable | ||
| Apr 22, 2014 | DBRS | AAA | Under Review | AAA | Stable | |
| Mar 21, 2014 | Fitch | AAA | Negative Watch | AAA | Stable | |
| Oct 15, 2013 | Fitch | AAA | Negative | AAA | Negative Watch | |
| Oct 09, 2013 | DBRS | AAA | Stable | AAA | Under Review | |
| Jul 18, 2013 | Moody's | Aaa | Negative | Aaa | Stable | |
| Jun 10, 2013 | S&P | AA+ | Negative | AA+ | Stable | |
| Nov 28, 2011 | Fitch | AAA | Stable | AAA | Negative | |
| Sep 08, 2011 | DBRS | NR | AAA | Stable | ||
| Aug 05, 2011 | S&P | AAA | Negative Watch | AA+ | 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 United States’s current credit rating?
United States’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 United States’s credit risk.
Has United States’s credit rating changed recently?
This page lists the latest rating and outlook actions for United States, showing when each agency last reviewed or changed its assessment.
Why does United States’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence United States's bond yields, currency, and equity flows as investors reassess risk.
How does United States’s rating compare to other countries?
You can explore how United States 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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