Credit Rating

	S&P	Moody's	DBRS	TE
Australia	AAA	Aaa	AAA	100
Canada	AAA	Aaa	AAA	100
Denmark	AAA	Aaa	AAA	100
Germany	AAA	Aaa	AAA	100
Liechtenstein	AAA			100
Luxembourg	AAA	Aaa	AAA	100
Netherlands	AAA	Aaa	AAA	100
Norway	AAA	Aaa	AAA	100
Switzerland	AAA	Aaa	AAA	100
Sweden	AAA	Aaa	AAA	99
Singapore	AAA	Aaa	AAA	98
European Union	AA+	Aaa	AAA	97
New Zealand	AA+	Aaa	AAA	97
United States	AA+	Aa1	AAA	97
Austria	AA+	Aa1	AAA	95
Finland	AA+	Aa1	AA (high)	95
Taiwan	AA+	Aa3		90
United Arab Emirates	AA	Aa2		90
Hong Kong	AA+	Aa3		88
Ireland	AA+	Aa3	AA	88
Qatar	AA	Aa2		88
Isle of Man	N/A	Aa3		87
Macau		Aa3		87
United Kingdom	AA	Aa3	AA	87
South Korea	AA	Aa2		86
Belgium	AA-	A1	AA	85
Cayman Islands		Aa3		85
Czech Republic	AA-	Aa3	AA	85
France	A+	Aa3	AA	83
Kuwait	AA-	A1		81
Estonia	NR	A1	AA (low)	80
Iceland	A+	A1		80
Saudi Arabia	A+	Aa3		80
Slovenia	AA	A2	AA (low)	78
Bermuda	A+	A1	A (high)	77
China	A+	A1	A	77
Japan	A+	A1	A (high)	77
Lithuania	A	A2	A (high)	75
Malta	A-	A2	A (high)	75
Portugal	A+	A3	A (high)	75
Chile	A	A2	N/A	73
Slovakia	A	A3	A (low)	73
Latvia	A	A3	A	72
Poland	A-	A2	A	72
Spain	A+	A3	A (high)	72
Croatia	A	A3	A	71
Cyprus	A-	A3	A	71
Israel	A	Baa1		71
Andorra	A-	Baa1		68
Malaysia	A-	A3		68
Italy	BBB+	Baa2	A (low)	66
Thailand	BBB+	Baa1		65
Botswana	BBB-	Baa1		62
Bulgaria	BBB+	Baa1	BBB (high)	61
Philippines	BBB+	Baa2		61
Uruguay	BBB+	Baa1	BBB	61
Aruba	BBB+	Baa3		60
Indonesia	BBB	Baa2		60
Kazakhstan	BBB-	Baa1		60
Peru	BBB-	Baa1	N/A	60
Hungary	BBB-	Baa2	BBB	58
Mexico	BBB	Baa2	BBB	58
San Marino	BBB+		BBB (low)	57
Greece	BBB	Baa3	BBB	56
India	BBB	Baa3	BBB	56
Mauritius	-	Baa3		55
Montserrat	BBB-			55
Romania	BBB-	Baa3	BB (high)	55
Azerbaijan	-	Baa3		53
Oman	BBB-	Baa3		53
Panama	BBB-	Baa3		53
Colombia	BB-	Baa3	BB (high)	51
Morocco	BBB-	Ba1		51
Paraguay	BBB-	Baa3		51
Serbia	BBB-	Ba2		50
Trinidad and Tobago	BBB-	Ba2		50
Guatemala	BB+	Ba1		48
Vietnam	BB+	Ba2		48
Brazil	BB	Ba1	BB	46
Georgia	BB	Ba2		45
Macedonia	BB-			45
Costa Rica	BB	Ba2		43
Dominican Republic	BB	Ba2		43
Ivory Coast	BB	Ba2		43
South Africa	BB	Ba2		41
Uzbekistan	BB	Ba3		41
Albania	BB	Ba3		40
Armenia	BB-	Ba3		40
Jamaica	BB	Ba3		40
Seychelles				40
Turkey	BB-	Ba3	BB (high)	40
Bahamas	BB-	Ba3		38
Jordan	BB-	Ba3		38
Honduras	BB-	B1		37
Montenegro	B+	Ba3		37
Namibia		B1		37
Benin	BB-	B1		36
Fiji	B+	B1		35
Guinea	B+			35
Mongolia	BB-	B1		35
Turkmenistan				35
Bangladesh	B+	B2		33
Moldova	BB-	B2		33
Rwanda	B+	B2		33
Cape Verde	B+			32
Tanzania		B1		32
Barbados	B+	B2		31
Bahrain	B	B2		30
Cambodia	N/A	B2		30
Kyrgyzstan	B+	B3		30
Lesotho				30
Nicaragua	B+	B2		30
Zambia	CCC+	Caa2		30
Bosnia and Herzegovina	B+	B3		27
Papua New Guinea	B-	B2		27
Tajikistan	B	B2		27
Togo	B+	B3		27
Nigeria	B-	B3		26
Uganda	B-	B3		26
Angola	B-	B3		25
Chad	B-			25
Congo	B-	B3		25
Egypt	B	Caa1		25
El Salvador	B-	B3		25
Kenya	B	B3		25
Madagascar	B-			25
Solomon Islands		Caa1		25
St Vincent and the Grenadines		B3		25
Swaziland		B2		25
Cameroon	B-	Caa1		23
Ecuador	B-	Caa1		23
Ghana	B-	Caa1		23
Iraq	B-	Caa1		23
Tunisia	N/A	Caa1		23
Gabon	N/A	Caa2		21
Pakistan	B-	Caa1		21
Belize	B-	Caa1		20
Burkina Faso	CCC+			20
Maldives		Caa2		20
Senegal	CCC+	Caa1		20
Argentina	CCC+	Caa1	B (low)	18
Mozambique	CCC+	Caa2		18
Republic of the Congo	CCC+	Caa2		18
Laos	CCC+	Caa2		16
Sri Lanka	CCC+	Caa1		16
Suriname	CCC+	Caa1		16
Ethiopia	SD	Caa3		15
Mali		Caa2		15
Niger		Caa3		15
Russia	NR	NR		14
Bolivia	CCC+	Caa3		13
Belarus	NR	C		11
Lebanon	SD	C		11
Ukraine	CCC+	Ca		11
Venezuela	N/A	C		11
Cuba		N/A		5
Puerto Rico	D			0
Grenada	SD
Kosovo
Nepal

Credit Ratings

TE	S&P	Moody's	DBRS	Description
100	AAA	Aaa	AAA	Prime
95	AA+	Aa1	AA (high)	High grade
90	AA	Aa2	AA
85	AA-	Aa3	AA (low)
80	A+	A1	A (high)	Upper medium grade
75	A	A2	A
70	A-	A3	A (low)
65	BBB+	Baa1	BBB (high)	Lower medium grade
60	BBB	Baa2	BBB
55	BBB-	Baa3	BBB (low)
50	BB+	Ba1	BB (high)	Non-investment grade
45	BB	Ba2	BB
40	BB-	Ba3	BB (low)
35	B+	B1	B (high)	Highly speculative
30	B	B2	B
25	B-	B3	B (low)
20	CCC+	Caa1	CCC (high)	Substantial risks
15	CCC	Caa2
10	CCC-	Caa3		In default
	CC	Ca
5	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.

This page includes the sovereign debt credit rating for a list of countries as reported by major credit rating agencies.

Credit Rating

	S&P	Moody's	DBRS	TE
Australia	AAA	Aaa	AAA	100
Canada	AAA	Aaa	AAA	100
Denmark	AAA	Aaa	AAA	100
Germany	AAA	Aaa	AAA	100
Liechtenstein	AAA			100
Luxembourg	AAA	Aaa	AAA	100
Netherlands	AAA	Aaa	AAA	100
Norway	AAA	Aaa	AAA	100
Switzerland	AAA	Aaa	AAA	100
Sweden	AAA	Aaa	AAA	99
Singapore	AAA	Aaa	AAA	98
European Union	AA+	Aaa	AAA	97
New Zealand	AA+	Aaa	AAA	97
United States	AA+	Aa1	AAA	97
Austria	AA+	Aa1	AAA	95
Finland	AA+	Aa1	AA (high)	95
Taiwan	AA+	Aa3		90
United Arab Emirates	AA	Aa2		90
Hong Kong	AA+	Aa3		88
Ireland	AA+	Aa3	AA	88
Qatar	AA	Aa2		88
Isle of Man	N/A	Aa3		87
Macau		Aa3		87
United Kingdom	AA	Aa3	AA	87
South Korea	AA	Aa2		86
Belgium	AA-	A1	AA	85
Cayman Islands		Aa3		85
Czech Republic	AA-	Aa3	AA	85
France	A+	Aa3	AA	83
Kuwait	AA-	A1		81
Estonia	NR	A1	AA (low)	80
Iceland	A+	A1		80
Saudi Arabia	A+	Aa3		80
Slovenia	AA	A2	AA (low)	78
Bermuda	A+	A1	A (high)	77
China	A+	A1	A	77
Japan	A+	A1	A (high)	77
Lithuania	A	A2	A (high)	75
Malta	A-	A2	A (high)	75
Portugal	A+	A3	A (high)	75
Chile	A	A2	N/A	73
Slovakia	A	A3	A (low)	73
Latvia	A	A3	A	72
Poland	A-	A2	A	72
Spain	A+	A3	A (high)	72
Croatia	A	A3	A	71
Cyprus	A-	A3	A	71
Israel	A	Baa1		71
Andorra	A-	Baa1		68
Malaysia	A-	A3		68
Italy	BBB+	Baa2	A (low)	66
Thailand	BBB+	Baa1		65
Botswana	BBB-	Baa1		62
Bulgaria	BBB+	Baa1	BBB (high)	61
Philippines	BBB+	Baa2		61
Uruguay	BBB+	Baa1	BBB	61
Aruba	BBB+	Baa3		60
Indonesia	BBB	Baa2		60
Kazakhstan	BBB-	Baa1		60
Peru	BBB-	Baa1	N/A	60
Hungary	BBB-	Baa2	BBB	58
Mexico	BBB	Baa2	BBB	58
San Marino	BBB+		BBB (low)	57
Greece	BBB	Baa3	BBB	56
India	BBB	Baa3	BBB	56
Mauritius	-	Baa3		55
Montserrat	BBB-			55
Romania	BBB-	Baa3	BB (high)	55
Azerbaijan	-	Baa3		53
Oman	BBB-	Baa3		53
Panama	BBB-	Baa3		53
Colombia	BB-	Baa3	BB (high)	51
Morocco	BBB-	Ba1		51
Paraguay	BBB-	Baa3		51
Serbia	BBB-	Ba2		50
Trinidad and Tobago	BBB-	Ba2		50
Guatemala	BB+	Ba1		48
Vietnam	BB+	Ba2		48
Brazil	BB	Ba1	BB	46
Georgia	BB	Ba2		45
Macedonia	BB-			45
Costa Rica	BB	Ba2		43
Dominican Republic	BB	Ba2		43
Ivory Coast	BB	Ba2		43
South Africa	BB	Ba2		41
Uzbekistan	BB	Ba3		41
Albania	BB	Ba3		40
Armenia	BB-	Ba3		40
Jamaica	BB	Ba3		40
Seychelles				40
Turkey	BB-	Ba3	BB (high)	40
Bahamas	BB-	Ba3		38
Jordan	BB-	Ba3		38
Honduras	BB-	B1		37
Montenegro	B+	Ba3		37
Namibia		B1		37
Benin	BB-	B1		36
Fiji	B+	B1		35
Guinea	B+			35
Mongolia	BB-	B1		35
Turkmenistan				35
Bangladesh	B+	B2		33
Moldova	BB-	B2		33
Rwanda	B+	B2		33
Cape Verde	B+			32
Tanzania		B1		32
Barbados	B+	B2		31
Bahrain	B	B2		30
Cambodia	N/A	B2		30
Kyrgyzstan	B+	B3		30
Lesotho				30
Nicaragua	B+	B2		30
Zambia	CCC+	Caa2		30
Bosnia and Herzegovina	B+	B3		27
Papua New Guinea	B-	B2		27
Tajikistan	B	B2		27
Togo	B+	B3		27
Nigeria	B-	B3		26
Uganda	B-	B3		26
Angola	B-	B3		25
Chad	B-			25
Congo	B-	B3		25
Egypt	B	Caa1		25
El Salvador	B-	B3		25
Kenya	B	B3		25
Madagascar	B-			25
Solomon Islands		Caa1		25
St Vincent and the Grenadines		B3		25
Swaziland		B2		25
Cameroon	B-	Caa1		23
Ecuador	B-	Caa1		23
Ghana	B-	Caa1		23
Iraq	B-	Caa1		23
Tunisia	N/A	Caa1		23
Gabon	N/A	Caa2		21
Pakistan	B-	Caa1		21
Belize	B-	Caa1		20
Burkina Faso	CCC+			20
Maldives		Caa2		20
Senegal	CCC+	Caa1		20
Argentina	CCC+	Caa1	B (low)	18
Mozambique	CCC+	Caa2		18
Republic of the Congo	CCC+	Caa2		18
Laos	CCC+	Caa2		16
Sri Lanka	CCC+	Caa1		16
Suriname	CCC+	Caa1		16
Ethiopia	SD	Caa3		15
Mali		Caa2		15
Niger		Caa3		15
Russia	NR	NR		14
Bolivia	CCC+	Caa3		13
Belarus	NR	C		11
Lebanon	SD	C		11
Ukraine	CCC+	Ca		11
Venezuela	N/A	C		11
Cuba		N/A		5
Puerto Rico	D			0
Grenada	SD
Kosovo
Nepal

Credit Ratings

TE	S&P	Moody's	DBRS	Description
100	AAA	Aaa	AAA	Prime
95	AA+	Aa1	AA (high)	High grade
90	AA	Aa2	AA
85	AA-	Aa3	AA (low)
80	A+	A1	A (high)	Upper medium grade
75	A	A2	A
70	A-	A3	A (low)
65	BBB+	Baa1	BBB (high)	Lower medium grade
60	BBB	Baa2	BBB
55	BBB-	Baa3	BBB (low)
50	BB+	Ba1	BB (high)	Non-investment grade
45	BB	Ba2	BB
40	BB-	Ba3	BB (low)
35	B+	B1	B (high)	Highly speculative
30	B	B2	B
25	B-	B3	B (low)
20	CCC+	Caa1	CCC (high)	Substantial risks
15	CCC	Caa2
10	CCC-	Caa3		In default
	CC	Ca
5	C	C		Junk
	DD	DDD
	D	D

Credit Rating

Credit Ratings

This page includes the sovereign debt credit rating for a list of countries as reported by major credit rating agencies.

Credit Rating

Credit Ratings

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Latest

This page includes the sovereign debt credit rating for a list of countries as reported by major credit rating agencies.

Related

Latest