Bahamas Credit Ratings & Outlooks

Country	Moody's	S&P	Fitch	DBRS	Scope Ratings
Bahamas	B1 Positive	B+ Stable	NR	NR	NR

Credit Rating History

Country	Date of Change	Rating Agency	Previous Rating	Previous Outlook	Current Rating	Current Outlook
Bahamas	Apr 07, 2025	Moody's	B1	Stable	B1	Positive
Bahamas	Oct 06, 2022	Moody's	Ba3	Negative	B1	Stable
Bahamas	Nov 12, 2021	S&P	BB-	Negative	B+	Stable
Bahamas	Sep 17, 2021	Moody's	Ba2	Negative	Ba3	Negative
Bahamas	Nov 12, 2020	S&P	BB	Negative	BB-	Negative
Bahamas	Jun 25, 2020	Moody's	Baa3	Under Review	Ba2	Negative
Bahamas	Apr 16, 2020	S&P	BB+	Negative	BB	Negative
Bahamas	Apr 09, 2020	Moody's	Baa3	Stable	Baa3	Under Review
Bahamas	Mar 12, 2020	S&P	BB+	Stable	BB+	Negative
Bahamas	Feb 21, 2019	Moody's	Baa3	Negative	Baa3	Stable
Bahamas	Aug 25, 2017	Moody's	Baa3	Negative Watch	Baa3	Negative
Bahamas	Jul 06, 2017	Moody's	Baa3	Stable	Baa3	Negative Watch
Bahamas	Dec 20, 2016	S&P	BBB-	Negative	BB+	Stable
Bahamas	Aug 22, 2016	Moody's	Baa2	Negative Watch	Baa3	Stable
Bahamas	Jul 01, 2016	Moody's	Baa2	Stable	Baa2	Negative Watch
Bahamas	Aug 25, 2015	S&P	BBB	Negative Watch	BBB-	Negative
Bahamas	Jul 02, 2015	S&P	BBB	Negative	BBB	Negative Watch
Bahamas	Sep 02, 2014	Moody's	Baa1	Negative	Baa2	Stable
Bahamas	Dec 14, 2012	Moody's	A3	Negative	Baa1	Negative
Bahamas	Sep 24, 2012	S&P	BBB	Stable	BBB	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
Extremely Speculative Grade			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 Bahamas’s current credit rating?

Bahamas’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 Bahamas’s credit risk.

Has Bahamas’s credit rating changed recently?

This page lists the latest rating and outlook actions for Bahamas, showing when each agency last reviewed or changed its assessment.

Why does Bahamas’s credit rating matter to investors?

Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Bahamas's bond yields, currency, and equity flows as investors reassess risk.

How does Bahamas’s rating compare to other countries?

You can explore how Bahamas 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.