Standard & Poor's credit rating for Croatia stands at BBB- with stable outlook. Moody's credit rating for Croatia was last set at Ba1 with stable outlook. Fitch's credit rating for Croatia was last reported at BBB- 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 Croatia thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Croatia as reported by major credit rating agencies.


AgencyRatingOutlookDate
Moody'sBa1 Stable Nov 13 2020
FitchBBB- Stable Apr 01 2020
FitchBBB- Positive Jun 07 2019
Moody'sBa2 Positive Apr 26 2019
S&PBBB- Stable Mar 22 2019
S&PBB+ Positive Sep 21 2018
FitchBB+ Positive Jul 06 2018
S&PBB+ Stable Mar 23 2018
FitchBB+ Stable Jan 12 2018
S&PBB Positive Sep 22 2017
Moody'sBa2 Stable Mar 10 2017
FitchBB Stable Jan 27 2017
S&PBB Stable Dec 16 2016
Moody'sBa2 Negative Mar 11 2016
FitchBB Negative Jul 31 2015
S&PBB Negative Jul 17 2015
FitchBB Stable Aug 09 2014
FitchBB Stable Aug 08 2014
Moody'sBa1 Negative Mar 21 2014
FitchBB+ Negative Feb 14 2014
S&PBB Stable Jan 24 2014
FitchBB+ Stable Sep 20 2013
S&PBB+ Negative Aug 02 2013
Moody'sBa1 Stable Feb 01 2013
S&PBB+ Stable Dec 14 2012
FitchBBB- Negative Nov 29 2012
FitchBBB- Stable Sep 05 2012
Moody'sBaa3 Negative May 31 2012
S&PBBB- Negative Dec 21 2010
FitchBBB- Negative May 21 2009
Moody'sBaa3 Stable Nov 19 2008
S&PBBB Negative Oct 27 2008
Moody'sBaa3 Positive Jul 18 2007
FitchBBB- Stable Jul 06 2005
S&PBBB Stable Dec 22 2004
S&PBBB- Positive Jun 23 2004
FitchBBB- Positive Jul 08 2003
Moody'sBaa3 Stable Jan 14 2002
FitchBBB- Stable Jun 28 2001
S&PBBB- Stable Feb 09 2001
FitchBB+ Positive Sep 21 2000
Moody'sBaa3 Negative Jun 11 1999
S&PBBB- Negative Jun 03 1999
FitchBB+ N/A Apr 29 1999
Moody'sBaa3 Stable Jan 27 1997
S&PBBB- Stable Jan 17 1997
FitchBBB- N/A Jan 17 1997

 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB+ 62
CCC+ B3 CCC 20
CCC+ Ca CCC CCC 15
B+ Ba3 B+ 14
BBB BB 52
AAA Aaa AAA AAA 100
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 48
BB- Ba3 42
B+ B2 B+ 33
BB- Ba3 BB- 40
B- Caa1 22
B B3 B 28
AA Aa3 AA- AA (high) 86
SD Caa3 9
B+ B1 B 31
A+ A2 N/A 78
B+ B2 B 31
B B3 27
BBB+ A3 67
BB- Ba2 BB- BB (low) 42
BBB Baa1 BBB 61
B 25
N/A B2 30
B- B2 B 28
AAA Aaa AA+ AAA 100
B- B- 27
Aa3 85
A A1 A- N/A 76
A+ A1 A+ A (high) 80
BB+ Baa2 BB+ BBB (low) 55
CCC+ Caa1 20
B B2 B 31
BBB- Ba1 BBB- 51
Caa2 15
BBB- Ba1 BBB- BBB (low) 51
AA- Aa3 AA- 83
AAA Aaa AAA AAA 100
BB- Ba3 BB- 40
B- Caa3 B- 20
B B2 B+ 30
B- Caa1 B- 23
AA- A1 AA- AA (low) 83
CCC+ Caa2 CCC 20
AA Aaa AAA AAA 98
B+ B1 37
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AA (high) 92
N/A Caa1 B- 23
BB Ba2 BB 45
AAA Aaa AAA AAA 100
B- B3 B 22
BB Ba3 BB BB 40
SD
BB- Ba1 BB- 43
BB- B1 35
AA+ Aa3 AA- 90
BBB Baa2 BBB 58
A A2 A 75
BBB- Baa3 BBB- BBB (low) 56
BBB Baa2 BBB 60
B- Caa1 B- 23
AA- A2 A+ A (high) 78
N/A Aa3 90
AA- A1 A+ 81
BBB Baa3 BBB- BBB (high) 61
BB- Ba3 BB- 38
B+ B2 B+ 33
A+ A1 A A (high) 77
B+ B1 BB- 36
BBB- Baa2 BBB 56
B B2 B+ 33
A+ A1 AA 85
NR B2 30
Caa2 CCC 20
A+ A3 A- A (low) 73
D C RD 11
B 30
AAA 100
A+ A2 A A 76
AAA Aaa AAA AAA 100
Aa3 AA 87
BB- BB+ 45
A- A3 BBB+ 70
Caa1 CCC 22
Caa1 20
A- A2 A+ A (high) 75
Baa2 65
BBB Baa1 BBB- BBB 60
B3 25
B B3 B 28
B B1 35
BBB- 55
BB+ Ba1 BB+ 51
CCC+ Caa2 CCC 14
Ba3 BB 45
AAA Aaa AAA AAA 100
AA+ Aaa AA 93
B- B3 B- 25
B3
B- B2 B 28
AAA Aaa AAA AAA 99
B+ Ba3 BB- 38
B- B3 B- 25
BBB Baa2 BBB- 58
B- B2 27
BB Ba1 BB+ 46
BBB+ Baa1 BBB N/A 62
BBB+ Baa2 BBB 61
A- A2 A- A 71
BBB Baa2 BBB BBB (high) 71
D 0
AA- Aa3 AA- 85
CCC+ Caa2 CCC 20
BBB- Baa3 BBB- 55
BBB- Baa3 BBB 55
B+ B2 B+ 33
BB+ 50
A- A1 A 75
B+ Ba3 37
BB+ Ba2 BB+ 46
B 35
AAA Aaa AAA AAA 98
A+ A2 A A (high) 76
AA- A3 A A (high) 75
Caa1 25
BB- Ba2 BB- 45
AA Aa2 AA- 86
A Baa1 A- A 71
CCC+ Caa1 CCC 20
B3 25
SD Caa3 RD 15
B3 30
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA Aa3 AA 86
B- B3 25
B2 35
BBB+ Baa1 BBB+ 65
B B3 30
BBB- Ba1 52
N/A Caa1 B- 26
B+ B2 BB- BB (high) 35
B+
B B2 B+ 31
B B3 B 28
AA Aa2 AA- 90
AA Aa3 AA- AA (high) 90
AA+ Aaa AAA AAA 98
BBB Baa2 BBB- BBB (low) 55
BB- B1 BB- 38
N/A C RD 11
BB Ba3 BB 43
SD Ca RD 30
 Export  API


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
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