S&PMoody'sDBRSTE
BBB- Baa1 62
- Baa3 55
BBB- Ba1 51
BB Ba2 43
BB Ba2 41
40
B1 37
BB- B1 36
B+ 35
B+ B2 33
B1 32
B+ 30
30
CCC+ Caa2 30
B+ B3 27
B- B3 26
B- B3 26
B- B3 25
B- 25
B- B3 25
B Caa1 25
B B3 25
B- 25
B2 25
B- Caa1 23
N/A Caa1 23
N/A Caa2 21
B- Caa1 21
CCC+ 20
CCC+ Caa1 20
CCC+ Caa2 18
CCC+ Caa2 18
SD Caa3 15
Caa2 15
Caa3 15


Credit 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
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
10 CCC- Caa3 CCC (low) In default
CC Ca CC
5 C C C Junk
DD DDD
D D
Standard & Poor, Moody's 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 contact us.