Standard & Poor's credit rating for Hong Kong stands at AA+ with stable outlook. Moody's credit rating for Hong Kong was last set at Aa2 with stable outlook. Fitch's credit rating for Hong Kong was last reported at AA+ 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 Hong Kong thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Hong Kong as reported by major credit rating agencies.



AgencyRatingOutlookDate
S&PAA+ Stable Sep 22 2017
TE95 Negative Sep 22 2017
TE95 Negative Sep 22 2017
Moody'sAa2 Stable May 24 2017
TE96 Negative May 24 2017
TE96 Negative May 24 2017
TE96 Negative Apr 16 2016
TE95 Negative Apr 16 2016
TE96 Negative Apr 16 2016
S&PAAA Negative Mar 31 2016
TE96 Stable Mar 31 2016
TE96 Stable Mar 31 2016
Moody'sAa1 Negative Mar 12 2016
TE96 Stable Mar 12 2016
TE96 Stable Mar 12 2016
TE96 Stable Apr 22 2014
TE96 Stable Apr 22 2014
TE96 Stable Mar 21 2014
TE96 Stable Mar 21 2014
TE96 Stable Oct 15 2013
TE96 Stable Oct 15 2013
TE96 Stable Jul 18 2013
TE96 Stable Jul 18 2013
TE96 Stable Jun 10 2013
TE96 Stable Jun 10 2013
Moody'sAa1 Stable Apr 16 2013
TE96 Stable Apr 16 2013
TE96 Stable Apr 16 2013
TE96 Stable Nov 28 2011
TE96 Stable Nov 28 2011
FitchAA+ Stable Nov 21 2011
TE96 Stable Nov 21 2011
TE96 Stable Nov 21 2011
TE96 Stable Aug 05 2011
TE96 Stable Aug 05 2011
TE96 Stable Aug 02 2011
TE96 Stable Aug 02 2011
TE96 Stable Jul 14 2011
TE96 Stable Jul 14 2011
TE96 Stable Jul 13 2011
TE96 Stable Jul 13 2011
TE96 Stable Apr 18 2011
TE96 Stable Apr 18 2011
S&PAAA Stable Dec 16 2010
TE95 Stable Dec 16 2010
TE95 Stable Dec 16 2010
FitchAA+ Stable Nov 25 2010
TE93 Stable Nov 25 2010
TE93 Stable Nov 25 2010
Moody'sAa1 Positive Nov 10 2010
TE91 Stable Nov 10 2010
TE91 Stable Nov 10 2010
Moody'sAa2 Positive Watch Oct 08 2010
TE91 Stable Oct 08 2010
TE91 Stable Oct 08 2010
Moody'sAa2 Positive Nov 08 2009
TE91 Stable Nov 08 2009
TE91 Stable Nov 08 2009
S&PAA+ Stable Jul 31 2008
TE90 Positive Jul 31 2008
TE90 Positive Jul 31 2008
Moody'sAa2 Stable Sep 26 2007
TE88 Positive Sep 26 2007
TE88 Positive Sep 26 2007
TE88 Stable Jul 26 2007
S&PAA Positive Jul 26 2007
TE88 Stable Jul 26 2007
FitchAA Stable Jul 12 2007
TE86 Stable Jul 12 2007
TE86 Stable Jul 12 2007
TE86 Stable May 30 2007
Moody'sAa3 Positive Watch May 30 2007
TE86 Stable May 30 2007
Moody'sAa3 Positive Sep 26 2006
TE85 Stable Sep 26 2006
TE85 Stable Sep 26 2006
TE83 Positive Jul 27 2006
S&PAA Stable Jul 27 2006
TE83 Positive Jul 27 2006
FitchAA- Positive Jul 24 2006
TE83 Positive Jul 24 2006
TE83 Positive Jul 24 2006
TE83 Positive Jul 06 2006
Moody'sA1 Positive Jul 06 2006
Moody'sA1 Positive Watch Jul 06 2006
TE83 Positive Jul 06 2006
S&PAA- Positive Apr 18 2006
TE83 Stable Apr 18 2006
TE83 Stable Apr 18 2006
TE81 Positive Jul 19 2005
S&PAA- Stable Jul 19 2005
TE81 Positive Jul 19 2005
S&PA+ Positive May 03 2005
TE81 Stable May 03 2005
TE81 Stable May 03 2005
TE81 Stable May 16 2004
FitchAA- Stable May 16 2004
TE81 Stable May 16 2004
Moody'sA1 Stable Oct 15 2003
TE78 Stable Oct 15 2003


 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB+ 60
B- B3 B 28
B B2 B B 31
B1 B+ 35
BBB+ BBB- 60
AAA Aaa AAA AAA 100
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 50
BB+ Baa3 52
B+ B2 BB- 36
BB- Ba3 BB- 40
SD Caa3 15
B B3 B 26
AA Aa3 AA- AA (high) 88
B- B3 20
B+ N/A 30
A+ A2 N/A 78
BB- Ba3 BB- 41
B B3 28
A- A2 72
BB- Ba2 BB- BB (low) 42
BBB- Baa2 BBB 58
B 25
N/A B2 30
B B2 B 30
AAA Aaa AAA AAA 99
B B 30
Aa3 85
A+ A1 A N/A 80
A+ A1 A+ A (high) 81
BBB- Baa2 BBB BBB 58
CCC+ B3 22
BB- Ba2 BB 43
BB+ Ba2 BB+ 48
Caa2 15
BBB- Ba2 BBB- BB 48
AA- A1 AA- 81
AAA Aaa AAA AAA 100
BB- Ba3 BB- 38
B- B3 B- 26
B B3 B 28
CCC+ B3 B- 21
AA- A1 AA- AA (low) 81
B B1 B 31
AA Aaa AAA AAA 98
B+ Ba3 35
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AAA 92
N/A Caa1 B 26
BB- Ba2 BB- 41
AAA Aaa AAA AAA 100
B B3 B 26
B+ B3 BB- B (high) 30
SD
BB- Ba1 BB 46
BB- B1 35
AA+ Aa2 AA+ 95
BBB- Baa3 BBB- 55
A A3 A 73
BBB- Baa2 BBB- BBB 56
BBB- Baa2 BBB 56
B- Caa1 B- 25
A+ A2 A+ A (high) 76
N/A Aa2 92
AA- A1 A+ 80
BBB Baa3 BBB BBB (high) 62
Ba3 B+ 38
B B3 B 28
A+ A1 A A 77
B+ B1 37
BBB- Baa3 BBB 56
B+ B2 B+ 35
AA Aa2 AA 90
NR B2 30
A A3 A- A (low) 70
B- B3 B- 28
B+ 35
AAA 100
A A3 A- A (low) 71
AAA Aaa AAA AAA 100
Aa3 AA 85
BB- BB 42
A- A3 A- 70
B2 B+ 32
A- A3 A+ A (high) 73
Baa1 65
BBB+ A3 BBB+ BBB (high) 65
B3 25
B B3 B 26
B+ B1 35
BBB- 55
BBB- Ba1 BBB- 53
SD Caa3 RD 12
Ba1 BB+ 52
AAA Aaa AAA AAA 100
AA Aaa AA 93
B- B2 B 30
B B2 B+ 31
AAA Aaa AAA AAA 99
BB Baa3 BBB- 53
B B3 B 28
BBB Baa2 BBB 60
B B2 32
BB Ba1 BB 46
BBB+ A3 BBB+ N/A 65
BBB Baa2 BBB 60
A- A2 A- A 71
BBB- Baa3 BBB BBB 56
D 0
AA- Aa3 AA- 85
B- Caa2 CC 23
BBB- Baa3 BBB- 55
BBB- Ba1 BBB- 51
B B2 B+ 31
BBB- 55
A- A1 A+ 78
B+ Ba3 37
BB Ba3 BB 38
BB- 40
AAA Aaa AAA AAA 98
A+ A2 A+ A (high) 78
A+ Baa1 A- A 72
B3 25
BB Baa3 BB+ 50
AA Aa2 AA- 86
A- Baa1 A- A 68
B+ B1 B+ 35
B3 25
B B2 B- 28
B2
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA- Aa3 AA- 83
B- B3
B1
BBB+ Baa1 BBB+ 65
BBB+ Ba1 57
N/A B2 B+ 35
B+ Ba3 BB BB (high) 43
B B2 B+ 33
B- Caa2 B- 20
AA Aa2 AA 90
AA Aa2 AA AAA 93
AA+ Aaa AAA AAA 98
BBB Baa2 BBB- BBB (low) 55
SD C RD 12
BB- Ba3 BB 40
B- Caa1 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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Hong Kong - Credit Rating