Guatemala Credit Ratings & Outlooks

Country	Moody's	S&P	Fitch	DBRS	Scope Ratings
Guatemala	Ba1 Stable	BB Positive	BB+ Stable	NR —	NR —

Credit Rating History

Country	Date of Change	Rating Agency	Previous Rating	Previous Outlook	Current Rating	Current Outlook
Guatemala	Oct 14, 2025	Fitch	BB	Positive	BB+	Stable
Guatemala	Feb 07, 2025	Fitch	BB	Stable	BB	Positive
Guatemala	Apr 18, 2024	S&P	BB	Stable	BB	Positive
Guatemala	Apr 11, 2023	S&P	BB-	Stable	BB	Stable
Guatemala	Feb 16, 2023	Fitch	BB-	Stable	BB	Stable
Guatemala	Jun 15, 2022	Moody's	Ba1	Negative	Ba1	Stable
Guatemala	Dec 01, 2020	Fitch	BB-	Negative Watch	BB-	Stable
Guatemala	Nov 26, 2020	S&P	BB-	Negative Watch	BB-	Stable
Guatemala	Nov 20, 2020	S&P	BB-	Stable	BB-	Negative Watch
Guatemala	Nov 17, 2020	Fitch	BB-	Stable	BB-	Negative Watch
Guatemala	Nov 10, 2020	Moody's	Ba1	Stable	Ba1	Negative
Guatemala	Apr 03, 2020	Fitch	BB	Negative	BB-	Stable
Guatemala	Apr 11, 2019	Fitch	BB	Stable	BB	Negative
Guatemala	Oct 18, 2017	S&P	BB	Negative	BB-	Stable
Guatemala	Oct 27, 2016	S&P	BB	Stable	BB	Negative
Guatemala	Jun 30, 2016	Moody's	Ba1	Negative	Ba1	Stable
Guatemala	May 26, 2015	Moody's	Ba1	Stable	Ba1	Negative
Guatemala	Jun 20, 2014	Fitch	BB+	Negative	BB	Stable
Guatemala	Jul 11, 2013	Fitch	BB+	Stable	BB+	Negative
Guatemala	Sep 06, 2012	S&P	BB	Negative	BB	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	CC	CC
Extremely Speculative Grade			C	CC	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 Guatemala’s current credit rating?

Guatemala’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 Guatemala’s credit risk.

Has Guatemala’s credit rating changed recently?

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

Why does Guatemala’s credit rating matter to investors?

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

How does Guatemala’s rating compare to other countries?

You can explore how Guatemala 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.