S&PMoody'sDBRSTE
AAA Aaa AAA 98
AA+ Aa3 90
AA Aa2 90
AA+ Aa3 88
AA Aa2 88
Aa3 87
AA Aa2 86
AA- A1 81
A+ Aa3 80
A+ A1 A 78
A+ A1 A (high) 77
A Baa1 71
A- A3 68
BBB+ Baa1 65
BBB+ Baa2 61
BBB Baa2 60
BBB- Baa1 60
BBB Baa3 BBB 56
- Baa3 53
BBB- Baa3 53
BB+ Ba2 46
BB Ba2 45
BB Ba3 41
BB- Ba3 40
BB- Ba3 38
B+ B2 35
BB- B1 35
35
B B2 33
N/A B2 30
B+ B3 30
B B3 27
B- Caa1 23
B- Caa1 21
Caa2 20
CCC+ Caa2 16
CCC+ Caa1 16
SD C 11


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.