Denmark 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 | ||
| Sep 20, 2012 | DBRS | NR | AAA | Stable | ||
| Nov 10, 2003 | Fitch | AA+ | Stable | AAA | Stable | |
| Nov 05, 2002 | Fitch | AA+ | Stable | AA+ | Stable | |
| Feb 27, 2001 | S&P | AA+ | Positive | AAA | Stable | |
| Sep 29, 2000 | Fitch | AA+ | Positive | AA+ | Stable | |
| Sep 21, 2000 | Fitch | AA+ | — | AA+ | Positive | |
| Aug 23, 1999 | Moody's | Aa1 | Positive | Aaa | Stable | |
| Feb 10, 1999 | Moody's | Aa1 | Stable | Aa1 | Positive | |
| May 13, 1998 | S&P | AA+ | Stable | AA+ | Positive | |
| Aug 10, 1994 | Fitch | NR | AA+ | — | ||
| Oct 08, 1991 | S&P | AA | Positive | AA+ | Stable | |
| May 01, 1990 | S&P | AA | Stable | AA | Positive | |
| Jun 26, 1989 | S&P | AA | — | AA | Stable | |
| Mar 16, 1987 | S&P | AA+ | — | AA | — | |
| Aug 15, 1986 | Moody's | Aa | Stable | Aa1 | Stable | |
| Jan 06, 1983 | S&P | AAA | — | AA+ | — | |
| Mar 01, 1981 | S&P | NR | AAA | — | ||
| Sep 06, 1967 | Moody's | NR | Aa | Stable |
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 Denmark’s current credit rating?
Denmark’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 Denmark’s credit risk.
Has Denmark’s credit rating changed recently?
This page lists the latest rating and outlook actions for Denmark, showing when each agency last reviewed or changed its assessment.
Why does Denmark’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Denmark's bond yields, currency, and equity flows as investors reassess risk.
How does Denmark’s rating compare to other countries?
You can explore how Denmark 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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