List of countries by credit rating


This article contains a list of countries by credit rating, showing long-term foreign currency credit ratings for government bonds as reported by the largest three major credit rating agencies: Standard & Poor's, Fitch, and Moody's. The list also includes all administrative divisions not issuing sovereign bonds, but it excludes regions, provinces and municipalities issuing sub-sovereign bonds.

Standard &; Poor's

For S&P, a bond is considered investment grade if its credit rating is BBB− or higher. Bonds rated BB+ and below are considered to be speculative grade, sometimes also referred to as "junk" bonds. An SD rating indicates that the country has selectively defaulted on some outstanding obligations.
Country/TerritoryRatingOutlookDate
AlbaniaPercentage bar|100|c=#ffcc66;|BB|color=black|width=50Steady

Fitch

For Fitch, a bond is considered investment grade if its credit rating is BBB− or higher. Bonds rated BB+ and below are considered to be speculative grade, sometimes also referred to as "junk" bonds. Fitch Ratings typically does not assign outlooks to sovereign ratings below B− or modifiers. CCC indicates 'Substantial Credit Risk' where 'default is a real possibility'. CC indicates 'Very High Levels of Credit Risk' where 'default of some kind appears probable'.
Country/TerritoryRatingOutlookDate
AndorraPercentage bar|100|c=#e0ff00;|A−|color=black|width=50Steady

Moody's

For Moody's, a bond is considered investment grade if its credit rating is Baa3 or higher. Bonds rated Ba1 and below are considered to be speculative grade, sometimes also referred to as "junk" bonds.
Country/TerritoryRatingOutlookDate
AngolaPercentage bar|100|c=#ff6666;|B3|color=black|width=50Increase

Others

DBRS Morningstar

For DBRS Morningstar, a bond is considered investment grade if its credit rating is BBB or higher. Bonds rated BB and below are considered to be speculative grade, sometimes also referred to as "junk" bonds.
CountryRatingOutlookDate
ArgentinaPercentage bar|100|c=#e80000;|CCC|color=white|width=60Steadydate|03.03.2023|DMY

Scope Ratings

For Scope – the European rating agency – a bond is considered investment grade if its credit rating is BBB− or higher. Bonds rated BB+ and below are considered to be speculative grade, sometimes also referred to as "junk" bonds.
Country/TerritoryRatingOutlookDate
AustriaPercentage bar|100|c=#009900;|AA+|color=white|width=50Decrease

JCR

Japan Credit Rating Agency is a credit rating agency based in Japan. JCR is a Nationally Recognized Statistical Rating Organization by the U.S. Securities and Exchange Commission.
Country/TerritoryRatingOutlookDate
AustraliaPercentage bar|100|c=#006600;|AAA|color=white|width=50Steadydate|Apr. 26, 2023|DMY

China Chengxin

China Chengxin Credit Rating Group is a credit rating agency based in China.
Country/TerritoryRatingOutlookDate
AustriaPercentage bar|100|c=#00cc00;|AAg|color=black|width=50Steadydate|29.12.2023|DMY

CareEdge Global Ratings

CareEdge Group is an Indian credit rating agency. For CareEdge, a bond is considered investment grade if its credit rating is BBB− or higher. Bonds rated BB+ and below are considered to be speculative grade. A bond is considered in default if its credit rating is D.
Country/TerritoryRatingOutlookDate
ArgentinaPercentage bar|100|c=#ff9900;|CCC|color=black|width=50Steady