Standard & Poor's credit rating for Japan stands at A+ with stable outlook. Moody's credit rating for Japan was last set at A1 with stable outlook. Fitch's credit rating for Japan was last reported at A with stable outlook. DBRS's credit rating for Japan is A (high) 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 Japan thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Japan as reported by major credit rating agencies.


AgencyRatingOutlookDate
FitchA Stable Mar 25 2022
FitchA Negative Jul 28 2020
S&PA+ Stable Jun 09 2020
DBRSA (high) Stable Jan 25 2019
S&PA+ Positive Apr 13 2018
FitchA Stable Apr 27 2017
DBRSA Stable Dec 28 2016
FitchA Negative Jun 13 2016
DBRSA (high) Negative Nov 30 2015
S&PA+ Stable Sep 16 2015
FitchA Stable Apr 27 2015
FitchA+ Negative Watch Dec 09 2014
Moody'sA1 Stable Dec 01 2014
DBRSA (high) Stable Nov 20 2013
FitchA+ Negative May 22 2012
Moody'sAa3 Stable Aug 24 2011
Moody'sAa2 Negative Watch May 31 2011
FitchAA Negative May 27 2011
S&PAA- Negative Apr 26 2011
Moody'sAa2 Negative Feb 22 2011
S&PAA- Stable Jan 27 2011
S&PAA Negative Jan 26 2010
Moody'sAa2 Stable May 18 2009
S&PAA Stable Apr 22 2007
Moody'sAaa Positive Jun 01 2006
S&PAA- Positive May 23 2006
FitchAA Stable May 09 2005
Moody'sAaa Stable Apr 07 2004
S&PAA- Stable Mar 23 2004
Moody'sAa1 Stable May 30 2002
S&PAA- Negative Apr 15 2002
S&PAA Negative Nov 27 2001
FitchAA Negative Nov 26 2001
S&PAA+ Negative Sep 11 2001
FitchAA+ Negative Mar 02 2001
S&PAA+ Stable Feb 22 2001
FitchAA+ Stable Sep 21 2000
Moody'sAa1 Negative Nov 16 1998
FitchAAA Negative Watch Sep 01 1998
Moody'sAaa Negative Watch Jul 23 1998
Moody'sAaa Negative Apr 02 1998
FitchAAA N/A Aug 10 1994
S&PAAA Stable Jun 26 1989
Moody'sAaa Stable Oct 01 1981
S&PAAA N/A Feb 28 1975
S&PBBB N/A Jan 22 1959