Standard & Poor's credit rating for Brazil stands at BB- with stable outlook. Moody's credit rating for Brazil was last set at Ba2 with stable outlook. Fitch's credit rating for Brazil was last reported at BB- with stable outlook. DBRS's credit rating for Brazil is BB (low) with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Brazil thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Brazil as reported by major credit rating agencies.



AgencyRatingOutlookDate
Moody'sBa2 Stable Apr 09 2018
TE42 Stable Apr 09 2018
TE42 Stable Apr 09 2018
TE42 Stable Apr 09 2018
TE42 Stable Apr 09 2018
TE42 Stable Apr 09 2018
TE42 Stable Apr 09 2018
TE42 Stable Apr 09 2018
TE42 Stable Apr 09 2018
TE42 Stable Apr 09 2018
DBRSBB (low) Stable Mar 16 2018
TE42 Stable Mar 16 2018
TE42 Stable Mar 16 2018
TE42 Stable Mar 16 2018
TE42 Stable Mar 16 2018
TE42 Stable Mar 16 2018
TE42 Stable Mar 16 2018
TE42 Stable Mar 16 2018
TE42 Stable Mar 16 2018
TE42 Stable Mar 16 2018
FitchBB- Stable Feb 23 2018
TE43 Stable Feb 23 2018
TE43 Stable Feb 23 2018
TE43 Stable Feb 23 2018
TE43 Stable Feb 23 2018
TE43 Stable Feb 23 2018
TE43 Stable Feb 23 2018
TE43 Stable Feb 23 2018
TE43 Stable Feb 23 2018
TE43 Stable Feb 23 2018
S&PBB- Stable Jan 11 2018
TE45 Negative Jan 11 2018
TE45 Negative Jan 11 2018
TE45 Negative Jan 11 2018
TE45 Negative Jan 11 2018
TE45 Negative Jan 11 2018
TE45 Negative Jan 11 2018
TE45 Negative Jan 11 2018
TE45 Negative Jan 11 2018
TE45 Negative Jan 11 2018
S&PBB Negative Aug 15 2017
TE45 Negative Watch Aug 15 2017
TE45 Negative Watch Aug 15 2017
TE45 Negative Watch Aug 15 2017
TE45 Negative Watch Aug 15 2017
TE45 Negative Watch Aug 15 2017
TE45 Negative Watch Aug 15 2017
TE45 Negative Watch Aug 15 2017
TE45 Negative Watch Aug 15 2017
TE45 Negative Watch Aug 15 2017
Moody'sBa2 Negative May 26 2017
TE45 Negative Watch May 26 2017
TE45 Negative Watch May 26 2017
TE45 Negative Watch May 26 2017
TE45 Negative Watch May 26 2017
TE45 Negative Watch May 26 2017
TE45 Negative Watch May 26 2017
TE45 Negative Watch May 26 2017
TE45 Negative Watch May 26 2017
TE45 Negative Watch May 26 2017
S&PBB Negative Watch May 22 2017
TE45 Negative May 22 2017
TE45 Negative May 22 2017
TE45 Negative May 22 2017
TE45 Negative May 22 2017
TE45 Negative May 22 2017
TE45 Negative May 22 2017
TE45 Negative May 22 2017
TE45 Negative May 22 2017
TE45 Negative May 22 2017
Moody'sBa2 Stable Mar 15 2017
TE45 Negative Mar 15 2017
TE45 Negative Mar 15 2017
TE45 Negative Mar 15 2017
TE45 Negative Mar 15 2017
TE45 Negative Mar 15 2017
TE45 Negative Mar 15 2017
TE45 Negative Mar 15 2017
TE45 Negative Mar 15 2017
TE45 Negative Mar 15 2017
TE48 Negative Aug 01 2016
DBRSBB Negative Aug 01 2016
TE48 Negative Aug 01 2016
TE48 Negative Aug 01 2016
TE48 Negative Aug 01 2016
TE48 Negative Aug 01 2016
TE48 Negative Aug 01 2016
TE48 Negative Aug 01 2016
TE48 Negative Aug 01 2016
TE48 Negative Aug 01 2016
FitchBB Negative May 05 2016
TE50 Negative May 05 2016
TE50 Negative May 05 2016
TE50 Negative May 05 2016
TE50 Negative May 05 2016
TE50 Negative May 05 2016
TE50 Negative May 05 2016
TE50 Negative May 05 2016
TE50 Negative May 05 2016
TE50 Negative May 05 2016


 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB+ 60
B- B3 B 28
B B2 B B 31
B1 B+ 35
BBB+ BBB- 60
AAA Aaa AAA AAA 100
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 50
BB+ Baa3 52
B+ B2 BB- 36
BB- Ba3 BB- 40
SD Caa3 15
B B3 B 26
AA Aa3 AA- AA (high) 88
B- B3 20
B+ N/A 30
A+ A2 N/A 78
BB- Ba3 BB- 41
B B3 28
A- A2 72
BB- Ba2 BB- BB (low) 42
BBB- Baa2 BBB 58
B 25
N/A B2 30
B B2 B 30
AAA Aaa AAA AAA 99
B B 30
Aa3 85
A+ A1 A N/A 80
A+ A1 A+ A (high) 81
BBB- Baa2 BBB BBB 58
CCC+ B3 22
BB- B1 BB 43
BB+ Ba2 BB+ 48
Caa2 15
BBB- Ba2 BBB- BBB (low) 50
AA- A1 AA- 81
AAA Aaa AAA AAA 100
BB- Ba3 BB- 38
B- B3 B- 26
B B3 B 28
CCC+ B3 B- 21
AA- A1 AA- AA (low) 81
B B1 B 31
AA Aaa AAA AAA 98
B+ Ba3 35
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AAA 92
N/A Caa1 B 26
BB- Ba2 BB- 41
AAA Aaa AAA AAA 100
B B3 B 26
B+ B3 BB- B (high) 30
SD
BB- Ba1 BB 46
BB- B1 35
AA+ Aa2 AA+ 95
BBB- Baa3 BBB- 55
A A3 A 73
BBB- Baa2 BBB- BBB 56
BBB- Baa2 BBB 56
B- Caa1 B- 25
A+ A2 A+ A (high) 76
N/A Aa2 92
AA- A1 A+ 80
BBB Baa3 BBB BBB (high) 62
Ba3 B+ 38
B B3 B 28
A+ A1 A A 77
B+ B1 37
BBB- Baa3 BBB 56
B+ B2 B+ 35
AA Aa2 AA 90
NR B2 30
A A3 A- A (low) 70
B- B3 B- 28
B+ 35
AAA 100
A A3 A- A (low) 71
AAA Aaa AAA AAA 100
Aa3 AA 85
BB- BB 42
A- A3 A- 70
B2 B+ 32
A- A3 A+ A (high) 73
Baa1 65
BBB+ A3 BBB+ BBB (high) 65
B3 25
B B3 B 26
B+ B1 35
BBB- 55
BBB- Ba1 BBB- 53
SD Caa3 RD 12
Ba1 BB+ 52
AAA Aaa AAA AAA 100
AA Aaa AA 93
B- B2 B- 28
B B2 B+ 31
AAA Aaa AAA AAA 99
BB Baa3 BBB- 53
B B3 B 28
BBB Baa2 BBB 60
B B2 32
BB Ba1 BB+ 46
BBB+ A3 BBB+ N/A 65
BBB Baa2 BBB 60
A- A2 A- A 71
BBB- Baa3 BBB BBB 56
D 0
AA- Aa3 AA- 85
B- Caa2 CC 23
BBB- Baa3 BBB- 55
BBB- Ba1 BBB- 51
B B2 B+ 31
BBB- 55
A- A1 A+ 78
B+ Ba3 37
BB Ba3 BB 38
BB- 40
AAA Aaa AAA AAA 98
A+ A2 A+ A (high) 78
A+ Baa1 A- A 72
B3 25
BB Baa3 BB+ 50
AA Aa2 AA- 86
A- Baa1 A- A 68
B B2 B 31
B3 25
B B2 B- 28
B2
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA- Aa3 AA- 83
B- B3
B1
BBB+ Baa1 BBB+ 65
BBB+ Ba1 57
N/A B2 B+ 35
B+ Ba3 BB BB (high) 43
B B2 B+ 33
B- Caa2 B- 20
AA Aa2 AA 90
AA Aa2 AA AAA 93
AA+ Aaa AAA AAA 98
BBB Baa2 BBB- BBB (low) 55
SD C RD 12
BB- Ba3 BB 40
B- Caa1 B- 34


Ratings

TE S&P Moody's Fitch DBRS Description
100 AAA Aaa AAA AAA Prime
95 AA+ Aa1 AA+ AA (high) High grade
90 AA Aa2 AA AA
85 AA- Aa3 AA- AA (low)
80 A+ A1 A+ A (high) Upper medium grade
75 A A2 A A
70 A- A3 A- A (low)
65 BBB+ Baa1 BBB+ BBB (high) Lower medium grade
60 BBB Baa2 BBB BBB
55 BBB- Baa3 BBB- BBB (low)
50 BB+ Ba1 BB+ BB (high) Non-investment grade
speculative
45 BB Ba2 BB BB
40 BB- Ba3 BB- BB (low)
35 B+ B1 B+ B (high) Highly speculative
30 B B2 B B
25 B- B3 B- B (low)
20 CCC+ Caa1 CCC CCC (high) Substantial risks
15 CCC Caa2 CCC Extremely speculative
10 CCC- Caa3 CCC (low) In default with little
prospect for recovery
  CC Ca CC
5 C C C
0 D / DDD   In default
/ DD D
D
Standard & Poor, Moody's, Fitch and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com


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