El Salvador - Credit Rating

Standard & Poor's credit rating for El Salvador stands at CCC+ with positive outlook. Moody's credit rating for El Salvador was last set at B3 with stable outlook. Fitch's credit rating for El Salvador was last reported at B- 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 El Salvador thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for El Salvador as reported by major credit rating agencies.



AgencyRatingOutlookDate
Moody'sB3 Stable Feb 23 2018
S&PCCC+ Positive Dec 14 2017
FitchB- Stable Oct 06 2017
S&PCCC+ Stable Oct 03 2017
S&PSD N/A Oct 02 2017
S&PCC Negative May 05 2017
S&PSD N/A Apr 20 2017
Moody'sCaa1 Stable Apr 13 2017
S&PCCC- Negative Watch Apr 11 2017
FitchCCC N/A Apr 10 2017
FitchB Negative Feb 01 2017
S&PB- Negative Dec 08 2016
Moody'sB3 Negative Nov 07 2016
S&PB Negative Watch Oct 13 2016
S&PB+ Negative Watch Oct 06 2016
Moody'sB1 Negative Watch Aug 11 2016
TE41 Stable Apr 16 2016
Moody'sBa3 Negative Nov 19 2015
FitchB+ Stable Jul 09 2015
S&PB+ Stable Dec 22 2014
FitchBB- Negative Jul 16 2013
FitchBB- Stable Jul 16 2013
S&PBB- Negative Dec 21 2012
Moody'sBa3 Stable Nov 05 2012
FitchBB Negative Jul 24 2012
FitchBB Stable Jul 29 2011
Moody'sBa2 Stable Mar 24 2011
S&PBB- Stable Jan 14 2011
Moody'sBa1 Negative Nov 15 2009
Moody'sBaa3 Negative Watch Sep 14 2009
FitchBB Negative Jun 18 2009
S&PBB Stable May 12 2009
FitchBB+ Negative Oct 13 2008
S&PBB+ Negative Sep 17 2008
FitchBB+ Stable Jan 31 2005
Moody'sBaa3 Negative Watch Oct 07 2003
FitchBB+ Negative Aug 21 2002
FitchBB+ Stable Sep 21 2000
S&PBB+ Stable Apr 29 1999
FitchBB+ N/A May 05 1998
Moody'sBaa3 Stable Jul 07 1997
FitchBB N/A Sep 23 1996
S&PBB Positive Aug 26 1996


 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB 65
B- B3 B 41
B+ B2 B B 15
B1 B+ 43
BBB+ BBB- 63
AAA Aaa AAA AAA 97
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 55
BB+ Baa3 65
B+ B1 BB- 60
BB- Ba3 BB- 40
SD Caa3 53
B B3 B 25
AA Aa3 AA- AA (high) 88
B- B3 25
N/A N/A 30
A+ A2 N/A 91
BB- Ba3 BB- 38
B B3 28
A- A2 73
BB- Ba2 BB- BB (low) 34
BBB- Baa2 BBB 53
B 30
N/A B2 30
B B2 B 30
AAA Aaa AAA AAA 99
B B 35
Aa3 85
A+ Aa3 A N/A 78
A+ A1 A+ A (high) 80
BBB- Baa2 BBB BBB 52
CCC+ B3 25
BB- Ba2 BB 50
BB+ Ba2 BB+ 45
Caa2 20
BB+ Ba3 BB+ BB 36
AA- A1 A+ 81
AAA Aaa AAA AAA 100
BB- Ba3 BB- 36
B- B3 B 29
B B3 B 28
CCC+ B3 B- 41
AA- A1 A+ AA (low) 81
B B1 B 31
AA Aaa AAA AAA 99
B+ Ba3 33
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AAA 90
N/A Caa1 B 40
BB- Ba2 BB- 38
AAA Aaa AAA AAA 100
B- B3 B 31
B B3 B B 10
SD
BB- Ba1 BB 49
BB- B1 33
AA+ Aa2 AA+ 95
BBB- Baa3 BBB- 47
A A3 A 55
BBB- Baa2 BBB- BBB 48
BBB- Baa2 BBB 46
B- Caa1 B- 25
A+ A2 A+ A (high) 70
N/A Aa2 98
A+ A1 A+ 76
BBB Baa2 BBB BBB (high) 60
Ba3 B+ 38
B B3 B 24
A+ A1 A A 78
B+ B1 45
BBB- Baa3 BBB 61
B+ B2 B+ 20
AA Aa2 AA 90
NR B2 30
A- A3 A- A (low) 69
B- B3 B- 31
B+ 40
AAA 100
A A3 A- A (low) 69
AAA Aaa AAA AAA 100
Aa3 AA 88
BB- BB+ 48
A- A3 A- 66
B2 B+
A- A3 A+ A (high) 74
Baa1 65
BBB+ A3 BBB+ BBB (high) 60
B3 25
B- B3 B- 36
B+ B1 40
BBB- 55
BBB- Ba1 BBB- 54
SD Caa3 RD 30
Ba1 BB+ 55
AAA Aaa AAA AAA 100
AA Aaa AA 90
B+ B2 B+ 33
B B2 B+ 28
AAA Aaa AAA AAA 99
BB Baa3 BBB- 78
B B3 B 19
BBB Baa2 BBB 60
B B2 35
BB Ba1 BB 41
BBB+ A3 BBB+ N/A 60
BBB Baa2 BBB 53
BBB+ A2 A- A 67
BBB- Ba1 BBB BBB 44
D 0
AA- Aa3 AA- 87
CCC+ B3 CC 30
BBB- Baa3 BBB- 52
BBB- Ba1 BBB- 43
B B2 B+ 30
BBB- 65
A- A1 A+ 86
B+ Ba3 35
BB Ba3 BB 36
BB- 30
AAA Aaa AAA AAA 98
A+ A2 A+ A (high) 80
A+ Baa1 A- A 61
B3 25
BB Baa3 BB+ 49
AA Aa2 AA- 84
A- Baa1 A- A 62
B+ B1 B+ 38
B3 25
B B2 B- 39
B2
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA- Aa3 AA- 82
B- B3
B1
BBB+ Baa1 BBB+ 63
BBB+ Ba1 68
N/A B2 B+ 44
BB- Ba2 BB+ BB (high) 44
B B2 B+ 33
B- Caa2 B- 15
AA Aa2 AA 90
AA Aa2 AA AAA 95
AA+ Aaa AAA AAA 97
BBB Baa2 BBB- BBB (low) 56
SD C RD 5
BB- B1 BB 29
B B3 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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