S&PMoody'sDBRSTE
AAA Aaa AAA 100
AAA Aaa AAA 100
AAA Aaa AAA 100
AAA Aaa AAA 100
AAA Aaa AAA 100
AAA Aaa AAA 99
AAA Aaa AAA 98
AA+ Aaa AAA 97
AA+ Aa1 AAA 97
AA+ Aa3 90
AA Aa3 AA 88
AA Aa3 AA 87
AA Aa3 AA 87
AA Aa2 86
A+ Aa3 AA 83
A+ Aa3 80
A+ A1 A 78
A+ A1 A (high) 77
A- A2 A 72
A+ A3 A (high) 72
BBB+ Baa2 A (low) 65
BBB Baa2 60
BBB Baa2 BBB 58
BBB Baa3 BBB 56
BB Ba1 BB 46
BB- Ba3 BB (high) 40
CCC+ Caa1 B (low) 17
NR NR 14


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.