Venezuela - Credit Rating

Standard & Poor's credit rating for Venezuela stands at SD with n/a outlook. Moody's credit rating for Venezuela was last set at C with stable outlook. Fitch's credit rating for Venezuela was last reported at RD with n/a outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Venezuela thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Venezuela as reported by major credit rating agencies.



AgencyRatingOutlookDate
Moody'sC Stable Mar 09 2018
FitchRD N/A Nov 14 2017
S&PSD N/A Nov 14 2017
FitchC N/A Nov 03 2017
S&PCC Negative Watch Nov 03 2017
FitchCC N/A Aug 30 2017
S&PCCC- Negative Jul 11 2017
TE5 Negative Apr 16 2016
Moody'sCaa3 Negative Mar 04 2016
S&PCCC Negative Feb 09 2015
Moody'sCaa3 Stable Jan 13 2015
FitchCCC N/A Dec 18 2014
S&PCCC+ Negative Sep 16 2014
FitchB Negative Mar 25 2014
Moody'sCaa1 Negative Dec 16 2013
S&PB- Negative Dec 13 2013
S&PB Negative Jun 17 2013
S&PB+ Negative Apr 19 2013
Moody'sB2 Negative Jan 15 2013
FitchB+ Negative Apr 04 2012
S&PB+ Stable Aug 19 2011
S&PBB- Stable Jan 11 2010
Moody'sB2 Stable Jan 15 2009
FitchB+ Stable Dec 16 2008
S&PBB- Negative Dec 10 2008
Moody'sB2 Positive Watch Sep 19 2008
FitchBB- Negative Oct 18 2007
S&PBB- Stable Jan 11 2007
S&PBB- Positive Oct 04 2006
S&PBB- Stable Feb 03 2006
FitchBB- Stable Nov 14 2005
S&PB+ Stable Aug 12 2005
S&PB Stable Mar 03 2005
S&PSD N/A Jan 18 2005
FitchB+ Stable Sep 20 2004
Moody'sB2 Stable Sep 07 2004
S&PB Stable Aug 25 2004
FitchB Stable Mar 29 2004
S&PB- Stable Jul 30 2003
FitchB- Stable Jun 23 2003
Moody'sCaa1 Stable May 28 2003
S&PCCC+ Stable Apr 16 2003
FitchC N/A Mar 12 2003
FitchCCC- Negative Mar 12 2003
Moody'sCaa1 Negative Jan 21 2003
FitchCCC+ Negative Jan 10 2003
S&PCCC+ Negative Dec 13 2002
S&PB- Negative Sep 24 2002
Moody'sB3 Stable Sep 20 2002
FitchB Negative Jun 28 2002
S&PB Negative Mar 18 2002
Moody'sB2 Negative Feb 27 2002
S&PB Negative Watch Feb 11 2002
FitchB+ Negative Feb 06 2002
FitchB Negative Dec 18 2001
FitchB Stable Sep 21 2000
FitchBB- N/A May 15 2000
S&PB Stable Dec 21 1999
FitchBB- Negative Watch Sep 02 1999
Moody'sB2 Stable Sep 03 1998
S&PB+ Negative Aug 28 1998
Moody'sB1 Stable Jul 22 1998
Moody'sBa2 Negative Watch May 08 1998
FitchBB- N/A Sep 15 1997
S&PB+ Stable Jun 05 1997
S&PB Positive Jan 24 1997
S&PB Stable Jun 26 1996
S&PB Negative Feb 23 1996
S&PB+ Negative Watch Nov 21 1995
S&PB+ Negative Jul 27 1994
Moody'sBa2 Stable Apr 08 1994
S&PBB- Negative Watch Mar 04 1994
Moody'sBa1 Negative Watch Feb 07 1994
S&PBB Negative Apr 05 1993
S&PBB Stable Nov 04 1992
Moody'sBa1 Stable Aug 06 1991
S&PBB Positive Jul 25 1991
S&PB+ Positive Jul 24 1991
S&PB+ Stable Jun 26 1989
S&PB+ N/A Jun 17 1989
Moody'sBa2 Stable Dec 04 1987
Moody'sBa2 Stable Jun 03 1987
S&PBB N/A Mar 28 1983
Moody'sWR N/A Mar 15 1983
S&PA- N/A Feb 11 1983
Moody'sAa Stable Feb 04 1983
S&PAA N/A Aug 13 1982
S&PAA N/A Oct 05 1977
Moody'sAaa Stable Dec 29 1976


 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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