List of countries by credit rating

Summary

This is a list of countries by credit rating, showing long-term foreign currency credit ratings for sovereign bonds as reported by the largest three major credit rating agencies: Standard & Poor's, Fitch, and Moody's. The list also includes all administrative divisions not issuing sovereign bonds, but it excludes regions, provinces and municipalities issuing sub-sovereign bonds.

Standard & Poor's edit

Map of S&P's sovereign long-term foreign credit ratings as of March 2022.
Legend:
  AAA   AA+   AA   AA-
  A+   A   A-   BBB+
  BBB   BBB-   BB+   BB
  BB-   B+   B   B-
  CCC+   CCC   CCC-   SD/D

For S&P, a bond is considered investment grade if its credit rating is BBB− or higher. Bonds rated BB+ and below are considered to be speculative grade, sometimes also referred to as "junk" bonds. An SD rating indicates that the country has selectively defaulted on some outstanding obligations[1][2]

Fitch edit

Map of Fitch's sovereign long-term foreign credit ratings.
Legend:
  AAA   AA+   AA   AA-
  A+   A   A-   BBB+
  BBB   BBB-   BB+   BB
  BB-   B+   B   B-
  CCC+   CCC   CCC-   RD

For Fitch, a bond is considered investment grade if its credit rating is BBB− or higher. Bonds rated BB+ and below are considered to be speculative grade, sometimes also referred to as "junk" bonds.[106] Fitch Ratings typically does not assign outlooks to sovereign ratings below B− (CCC and lower) or modifiers. CCC indicates 'Substantial Credit Risk' where 'default is a real possibility'. CC indicates 'Very High Levels of Credit Risk' where 'default of some kind appears probable'.[107]

Moody's edit

Map of Moody's sovereign long-term foreign credit ratings.
Legend:
  Aaa   Aa1   Aa2   Aa3   A1
  A2   A3   Baa1   Baa2   Baa3
  Ba1   Ba2   Ba3   B1   B2
  B3  Caa1   Caa2   Caa3   Ca   C

For Moody's, a bond is considered investment grade if its credit rating is Baa3 or higher. Bonds rated Ba1 and below are considered to be speculative grade, sometimes also referred to as "junk" bonds.[233]

Others edit

DBRS Morningstar edit

For DBRS Morningstar,[370] a bond is considered investment grade if its credit rating is BBB(low) or higher. Bonds rated BB(high) and below are considered to be speculative grade, sometimes also referred to as "junk" bonds.

Scope Ratings edit

For Scope[371] – the European rating agency – a bond is considered investment grade if its credit rating is BBB− or higher. Bonds rated BB+ and below are considered to be speculative grade, sometimes also referred to as "junk" bonds.

JCR edit

Japan Credit Rating Agency[372] (JCR) is a credit rating agency based in Japan. JCR is a Nationally Recognized Statistical Rating Organization by the U.S. Securities and Exchange Commission.

China Chengxin edit

China Chengxin Credit Rating Group[373] is a credit rating agency based in China.

Unrated edit

UN member states that have not been assigned a credit rating by any of the eight rating agencies
Country Details
 Afghanistan
 Algeria
 Antigua and Barbuda
 Bhutan
 Brunei Darussalam
 Burundi
 Central African Republic
 Chad
 Comoros
 Djibouti
 Dominica
 Equatorial Guinea
 Eritrea
 Gambia Fitch suspended Gambia's credit rating after its only traded international bond expired[374]
 Guinea
 Guinea-Bissau
 Guyana
 Haiti
 Iran Fitch has withdrawn all ratings for Iran following the maturity and full repayment of the last outstanding sovereign eurobond on 21 April 2008.[375]
 Kiribati
 Liberia
 Libya Fitch has withdrawn all ratings for Libya because it does not have enough information to maintain coverage of the issuer.[376]
 Malawi
 Mali Mali was given a credit rating in 2004 as part of a UN development initiative,[377] but the rating was later withdrawn.[378]
 Marshall Islands
 Mauritania
 Monaco
 Myanmar
 Nauru
   Nepal
 Niger
 North Korea
 Palau
 Saint Kitts and Nevis
 Saint Lucia
 Samoa
 Sao Tome and Principe
 Sierra Leone
 Solomon Islands
 Somalia
 Syria
 Timor Leste
 Tonga
 Tuvalu
 Vanuatu
 Yemen
 Zimbabwe

References edit

  1. ^ "S&P Global Ratings Definitions".
  2. ^ "S&P | Ratings Credit Ratings Definitions & FAQs | Americas". Standardandpoors.com. Archived from the original on 5 March 2013. Retrieved 25 February 2013.
  3. ^ Sadain Gardazi, Syed (May 30, 2023). "S&P Global Affirms Abu Dhabi's Credit Ratings At 'AA', Terms Outlook Stable". Forbes Middle East.
  4. ^ "Rating: Albania Credit Rating". countryeconomy.com.
  5. ^ "Rating: Andorra Credit Rating". countryeconomy.com.
  6. ^ "Rating: Angola Credit Rating". countryeconomy.com.
  7. ^ "Rating: Argentina Credit Rating". countryeconomy.com.
  8. ^ "Rating: Armenia Credit Rating". countryeconomy.com.
  9. ^ "Aruba rating downgraded to BBB by S&P, outlook stable". EconomyNext. 15 March 2021. Retrieved 2 April 2021.
  10. ^ "Rating: Australia Credit Rating 2021". countryeconomy.com.
  11. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag ah ai Standard & Poor's (2023-03-15). "Sovereign Ratings List".
  12. ^ "Rating: Azerbaijan Credit Rating 2021". countryeconomy.com.
  13. ^ "Rating: Bahamas Credit Rating". countryeconomy.com.
  14. ^ "Rating: Bahrain Credit Rating". countryeconomy.com.
  15. ^ "Rating: Barbados Credit Rating". countryeconomy.com.
  16. ^ "Rating: Belize Credit Rating". countryeconomy.com.
  17. ^ Standard & Poor's (2023-10-20). "Benin Outlook Revised To Positive From Stable On Improving Economic Prospects; 'B+/B' Ratings Affirmed". S&P Global.
  18. ^ "Rating: Bolivia Credit Rating". countryeconomy.com.
  19. ^ "Rating: Bosnia and Herzegovina Credit Rating". countryeconomy.com.
  20. ^ "Rating: Botswana Credit Rating". countryeconomy.com.
  21. ^ Sifon-arevalo, Roberto (31 Jan 2024). "Sovereign Ratings List". www.spglobal.com. S&P Global Ratings. Retrieved 4 March 2024.
  22. ^ "Rating: Bulgaria Credit Rating". countryeconomy.com.
  23. ^ "Rating: Burkina Faso Credit Rating". countryeconomy.com.
  24. ^ "Rating: Cameroon Credit Rating". countryeconomy.com.
  25. ^ "Rating: Chile Credit Rating". countryeconomy.com.
  26. ^ Standard & Poor's. "Sovereign ratings wrap: S&P affirms China at A+; Fitch downgrades Suriname". S&P Global.
  27. ^ Sifon-arevalo, Roberto (31 Jan 2024). "Sovereign Ratings List". www.spglobal.com. S&P Global Ratings. Retrieved 4 March 2024.
  28. ^ "Rating: Costa Rica Credit Rating". countryeconomy.com.
  29. ^ "Rating: Ivory Coast Credit Rating". countryeconomy.com.
  30. ^ Hina (16 September 2023). "S&P revises Croatia's outlook to positive". n1info.hr. Archived from the original on 2 October 2023.
  31. ^ Standard & Poor's. "Research Update: Curacao Sovereign Ratings Affirmed At 'BBB-/A-3'; Outlook Remains Stable". S&P Global.
  32. ^ "Rating: Democratic Republic of the Congo Credit Rating". countryeconomy.com.
  33. ^ "Rating: Dominican Republic Credit Rating". countryeconomy.com.
  34. ^ Sifon-arevalo, Roberto (31 Jan 2024). "Sovereign Ratings List". www.spglobal.com. S&P Global Ratings. Retrieved 4 March 2024.
  35. ^ "Rating: Egypt Credit Rating". countryeconomy.com.
  36. ^ "Rating: El Salvador Credit Rating". countryeconomy.com.
  37. ^ Standard & Poor's. "Ethiopia Foreign Currency Ratings Lowered To 'SD' On Suspended Eurobond Coupon Payments". S&P Global.
  38. ^ Sifon-arevalo, Roberto (31 Jan 2024). "Sovereign Ratings List". www.spglobal.com. S&P Global Ratings. Retrieved 4 March 2024.
  39. ^ "Rating: Fiji Credit Rating". countryeconomy.com.
  40. ^ "Rating: Georgia Credit Rating". countryeconomy.com.
  41. ^ "Rating: Ghana Credit Rating". countryeconomy.com.
  42. ^ "S&P Upgrades Greece to BBB-/A-3 With Stable Outlook".
  43. ^ "Rating: Guatemala Credit Rating". countryeconomy.com.
  44. ^ "S&P Global has downgraded the States of Guernsey's credit rating from 'AA-/A-1 +' to 'A+/A- 1'". gov.gg. 2023-01-14.
  45. ^ "S&P Strips Hong Kong of AAA Rating After China Downgrade". Bloomberg. 22 September 2017.
  46. ^ "Rating: Hungary Credit Rating". countryeconomy.com.
  47. ^ "Iceland Ratings Raised To 'A+ ' On Strong Growth and Fiscal Consolidation; Outlook Stable".
  48. ^ "Indonesia Credit Rating". World Government Bonds. Retrieved 2020-05-19.
  49. ^ "S&P Maintains Iraq's Credit Rating". Iraq Business News. 2023-02-17.
  50. ^ "Rating: Ireland Credit Rating". countryeconomy.com.
  51. ^ "Rating: Israel Credit Rating". countryeconomy.com.
  52. ^ "Rating: Italy Credit Rating". countryeconomy.com.
  53. ^ "S&P upgrades Jamaica's credit rating to 'BB-'". radiojamaicanewsonline.com.
  54. ^ "Rating: Japan Credit Rating". countryeconomy.com.
  55. ^ "Jersey's credit rating confirmed by Standard and Poor's". gov.je. 2021-01-16.
  56. ^ "Rating: Jordan Credit Rating". countryeconomy.com.
  57. ^ "Rating: Kazakhstan Credit Rating". countryeconomy.com.
  58. ^ "Rating: Kenya Credit Rating". countryeconomy.com.
  59. ^ "Rating: Kuwait Credit Rating". countryeconomy.com.
  60. ^ "Rating: Latvia Credit Rating". countryeconomy.com.
  61. ^ "Rating: Lebanon Credit Rating". countryeconomy.com.
  62. ^ "Rating: Lithuania Credit Rating". countryeconomy.com.
  63. ^ "S&P Global Ratings affirms Madagascar at "B-" (Foreign Currency LT credit rating); outlook stable". Cbonds. 2023-10-09.
  64. ^ "Rating: Malaysia Credit Rating". countryeconomy.com.
  65. ^ "Rating: Malta Credit Rating". countryeconomy.com.
  66. ^ "Rating: Mauritius Credit Rating". countryeconomy.com.
  67. ^ "Rating: Mongolia Credit Rating". countryeconomy.com.
  68. ^ "Rating: Montenegro Credit Rating". countryeconomy.com.
  69. ^ "Rating: Morocco Credit Rating". countryeconomy.com.
  70. ^ "Rating: Mozambique Credit Rating". countryeconomy.com.
  71. ^ "S&P Global Ratings raises New Zealand's credit rating to AA+". Radio New Zealand - RNZ. 22 February 2021.
  72. ^ "Rating: Nigeria Credit Rating". countryeconomy.com.
  73. ^ "Rating: Norway Credit Rating". countryeconomy.com.
  74. ^ "S&P Global lowers Pakistan's rating to 'CCC+/C'". The Express Tribune. 22 December 2022.
  75. ^ "Rating: Panama Credit Rating". countryeconomy.com.
  76. ^ Sifon-arevalo, Roberto (31 Jan 2024). "Sovereign Ratings List". www.spglobal.com. S&P Global Ratings. Retrieved 4 March 2024.
  77. ^ "Rating: Peru Credit Rating". countryeconomy.com.
  78. ^ "PH bags rating upgrade from S&P". CNN Philippines. Archived from the original on 2023-10-26. Retrieved 2019-04-30.
  79. ^ "Portugal Upgraded To 'A-' On Ongoing Steep External And Government Deleveraging; Outlook Positive". disclosure.spglobal.com. Retrieved 2024-03-01.
  80. ^ "Rating: Qatar Credit Rating". countryeconomy.com.
  81. ^ "S&P Global Ratings revises Ras Al Khaimah's outlook to 'positive'". Khaleej Times. 2023-10-16.
  82. ^ "Rating: Rwanda Credit Rating". countryeconomy.com.
  83. ^ "St Helena's Investment Grade Credit Rating Affirmed". Saint Helena Government. 2023-04-05.
  84. ^ "Rating: Saudi Arabia Credit Rating". countryeconomy.com.
  85. ^ "Rating: Senegal Credit Rating". countryeconomy.com.
  86. ^ "Rating: Serbia Credit Rating". countryeconomy.com.
  87. ^ Standard & Poor's. "Emirate of Sharjah 'BBB-/A-3' Ratings Affirmed; Outlook Stable". S&P Global.
  88. ^ "Rating: Singapore Credit Rating". countryeconomy.com.
  89. ^ "Rating: Slovakia Credit Rating". countryeconomy.com.
  90. ^ "Slovenia Upgraded from A+ to AA- by S&P". Total Slovenia News. 2019-06-17.
  91. ^ "Rating: South Africa Credit Rating". countryeconomy.com.
  92. ^ "South Korea's Credit Rating Raised One Level to AA by S&P". Bloomberg. 8 August 2016.
  93. ^ "S&P cuts Sri Lanka to 'selective default' on missed payments". Reuters. Retrieved 25 April 2022.
  94. ^ "Rating: Taiwan Credit Rating". countryeconomy.com.
  95. ^ Standard & Poor's. "Tajikistan 'B-/B' Ratings Affirmed; Outlook Stable". S&P Global.
  96. ^ "Rating: Thailand Credit Rating". countryeconomy.com.
  97. ^ Standard & Poor's. "Togo 'B/B' Ratings Affirmed; Outlook Stable". S&P Global.
  98. ^ "Rating: Trinidad and Tobago Credit Rating". countryeconomy.com.
  99. ^ "Rating: Turkey Credit Rating". countryeconomy.com.
  100. ^ "Turks & Caicos Islands retains it BBB+ credit rating from Standard & Poors". The Sun Turks and Caicos Islands. 2022-06-27.
  101. ^ Sifon-arevalo, Roberto (31 Jan 2024). "Sovereign Ratings List". www.spglobal.com. S&P Global Ratings. Retrieved 4 March 2024.
  102. ^ Sifon-arevalo, Roberto (31 Jan 2024). "Sovereign Ratings List". www.spglobal.com. S&P Global Ratings. Retrieved 4 March 2024.
  103. ^ "Rating: Gabon Credit Rating". countryeconomy.com.
  104. ^ Standard & Poor's (2023-04-26). "Research Update: Uruguay Long-Term Ratings Raised To 'BBB+' On Stronger Fiscal Policy; Outlook Stable". S&P Global.
  105. ^ "Rating: Uzbekistan Credit Rating". countryeconomy.com.
  106. ^ "Fitch Ratings — Definitions of Ratings and Other Forms of Opinion" (PDF). Retrieved 2013-02-25.
  107. ^ "Rating Definitions". fitchratings.com. Fitch Ratings. Retrieved 26 December 2020.
  108. ^ Fitch Ratings. "Fitch Affirms Abu Dhabi at 'AA'; Outlook Stable".
  109. ^ Fitch Ratings. "Fitch Affirms Andorra at 'A-'; Outlook Stable".
  110. ^ Fitch Ratings. "Fitch Affirms Angola at 'B-'; Outlook Stable".
  111. ^ Fitch Ratings. "Fitch Upgrades Argentina's FC IDR to 'CC'; Affirms LC IDR at 'CCC-'".
  112. ^ Fitch Ratings. "Fitch Upgrades Armenia to 'BB-'; Outlook Stable".
  113. ^ Fitch Ratings. "Fitch Upgrades Aruba to 'BB+'; Outlook Stable".
  114. ^ Fitch Ratings. "Fitch Affirms Australia at 'AAA'; Outlook Stable".
  115. ^ Fitch Ratings. "Fitch Revises Austria's Outlook to Stable; Affirms IDR at 'AA+'".
  116. ^ Fitch Ratings. "Fitch Affirms Azerbaijan at 'BB+'; Outlook Positive".
  117. ^ Fitch Ratings. "Fitch Affirms Bahrain at 'B+'; Outlook Stable".
  118. ^ Fitch Ratings. "Fitch Revises Outlook on Bangladesh to Negative; Affirms at 'BB-'".
  119. ^ Fitch Ratings. "Fitch Revises Barbados' Outlook to Positive; Affirms at 'B'".
  120. ^ Fitch Ratings. "Fitch Withdraws Belarus's Ratings".
  121. ^ Fitch Ratings. "Fitch Affirms Belgium at 'AA-'; Outlook Negative".
  122. ^ Fitch Ratings. "Fitch Affirms Benin at 'B+'; Outlook Stable".
  123. ^ Fitch Ratings. "Fitch Downgrades Bolivia to 'CCC'".
  124. ^ Fitch Ratings. "Fitch Upgrades Brazil to 'BB'; Outlook Stable".
  125. ^ Fitch Ratings. "Fitch Affirms Bulgaria at 'BBB'; Outlook Positive".
  126. ^ Fitch Ratings. "Fitch Affirms Cabo Verde at 'B-'; Outlook Positive".
  127. ^ Fitch Ratings. "Fitch Revises Cameroon's Outlook to Negative; Affirms at 'B'".
  128. ^ Fitch Ratings. "Fitch Affirms Canada at 'AA+'; Outlook Stable".
  129. ^ Fitch Ratings. "Fitch Affirms Chile at 'A-'; Outlook Stable".
  130. ^ Fitch Ratings. "Fitch Affirms China at 'A+'; Outlook Stable".
  131. ^ Fitch Ratings. "Fitch Affirms Colombia's 'BB+' Rating; Outlook Stable".
  132. ^ Fitch Ratings. "Fitch Upgrades Costa Rica to 'BB-'; Outlook Stable".
  133. ^ Fitch Ratings. "Fitch Affirms Cote d'Ivoire at 'BB-'; Outlook Stable".
  134. ^ Fitch Ratings. "Fitch Revises Croatia's Outlook to Positive; Affirms at 'BBB+'".
  135. ^ Fitch Ratings. "Fitch Revises Cyprus's Outlook to Positive; Affirms at 'BBB'".
  136. ^ Fitch Ratings. "Fitch Affirms Czech Republic at 'AA-'; Outlook Negative".
  137. ^ Fitch Ratings. "Fitch Affirms Denmark at 'AAA'; Outlook Stable".
  138. ^ Fitch Ratings. "Fitch Revises Dominican Republic's Outlook to Positive; Affirms at 'BB-'".
  139. ^ Fitch Ratings. "Fitch Downgrades Ecuador's Long-Term IDR to 'CCC+'".
  140. ^ Fitch Ratings. "Fitch Downgrades Egypt to 'B-'; Outlook Stable".
  141. ^ Fitch Ratings. "Fitch Takes Rating Actions on El Salvador Following Local Law Securities Debt Exchange".
  142. ^ Fitch Ratings. "Fitch Downgrades Estonia to 'A+'; Outlook Stable".
  143. ^ Fitch Ratings. "Fitch Downgrades Ethiopia's LTFC IDR to 'RD'".
  144. ^ Fitch Ratings. "Fitch Affirms European Union and Euratom at 'AAA'; Outlook Stable".
  145. ^ Fitch Ratings. "Fitch Affirms Finland at 'AA+'; Outlook Stable".
  146. ^ Fitch Ratings. "Fitch Affirms France at 'AA-'; Outlook Stable".
  147. ^ Fitch Ratings. "Fitch Affirms Gabon at 'B-'; Removes Rating Watch Negative; Outlook Stable".
  148. ^ Fitch Ratings. "Fitch Affirms Georgia at 'BB'; Outlook positive".
  149. ^ Fitch Ratings. "Fitch Affirms Germany at 'AAA'; Outlook Stable".
  150. ^ Fitch Ratings. "Fitch Upgrades Ghana's Long-Term Local-Currency IDR to 'CCC'".
  151. ^ Fitch Ratings. "Fitch Upgrades Greece to 'BBB-'; Outlook Stable".
  152. ^ Fitch Ratings. "Fitch Upgrades Guatemala to 'BB'; Outlook Stable".
  153. ^ Fitch Ratings. "Fitch Affirms Honduras's AMDC, Tegucigalpa at 'B'; Outlook Stable".
  154. ^ Fitch Ratings. "Fitch Affirms Hong Kong at 'AA-'; Outlook Stable".
  155. ^ Fitch Ratings. "Fitch Affirms Hungary at 'BBB'; Outlook Negative".
  156. ^ Fitch Ratings. "Fitch Affirms Iceland at 'A'; Outlook Stable".
  157. ^ Fitch Ratings. "Fitch Affirms India at 'BBB-'; Outlook Stable".
  158. ^ "Fitch Affirms Indonesia at 'BBB'; Outlook Stable".
  159. ^ Fitch Ratings. "Fitch Affirms Iraq at 'B-'; Outlook Stable".
  160. ^ Fitch Ratings. "Fitch Affirms Ireland at 'AA-'; Outlook Positive".
  161. ^ Fitch Ratings. "Fitch Places Israel's 'A+' IDRs on Rating Watch Negative".
  162. ^ Fitch Ratings. "Fitch Affirms Italy at 'BBB'; Outlook Stable".
  163. ^ Fitch Ratings. "Fitch Revises Jamaica's Outlook to Positive; Affirms at 'B+'".
  164. ^ Fitch Ratings. "Fitch Affirms Japan at 'A'; Outlook Stable".
  165. ^ Fitch Ratings. "Fitch Affirms Jordan at 'BB-', Outlook Stable".
  166. ^ Fitch Ratings. "Fitch Affirms Kazakhstan at 'BBB'; Outlook Stable".
  167. ^ Fitch Ratings. "Fitch Revises Kenya's Outlook to Negative; Affirms at 'B'".
  168. ^ Fitch Ratings. "Fitch Affirms Kuwait at 'AA-'; Outlook Stable".
  169. ^ Fitch Ratings. "Fitch Affirms Laos at 'CCC-', Withdraws Ratings".
  170. ^ Fitch Ratings. "Fitch Revises Latvia's Outlook to Positive; Affirms at 'A-'".
  171. ^ Fitch Ratings. "Fitch Affirms Lebanon's LTFC IDR at 'RD', Downgrades LC IDRs to 'RD'".
  172. ^ Fitch Ratings. "Fitch Affirms Lesotho at 'B'; Outlook Stable".
  173. ^ Fitch Ratings. "Fitch Affirms Lithuania at 'A'; Outlook Stable".
  174. ^ Fitch Ratings. "Fitch Affirms Luxembourg at 'AAA'; Outlook Stable".
  175. ^ Fitch Ratings. "Fitch Affirms Macao at 'AA'; Outlook Stable".
  176. ^ Fitch Ratings. "Fitch Affirms Malaysia at 'BBB+'; Outlook Stable".
  177. ^ Fitch Ratings. "Fitch Affirms Maldives at 'B-'; Outlook Negative".
  178. ^ Fitch Ratings. "Fitch Affirms Malta at 'A+'; Outlook Stable".
  179. ^ Fitch Ratings. "Fitch Affirms Mexico at 'BBB-'; Outlook Stable".
  180. ^ Fitch Ratings. "Fitch Affirms Mongolia at 'B'; Outlook Stable".
  181. ^ Fitch Ratings. "Fitch Affirms Morocco at 'BB+'; Outlook Stable".
  182. ^ Fitch Ratings. "Fitch Affirms Mozambique at 'CCC+'".
  183. ^ Fitch Ratings. "Fitch Affirms Namibia at 'BB-'; Outlook Stable".
  184. ^ Fitch Ratings. "Fitch Affirms the Netherlands at 'AAA'; Outlook Stable".
  185. ^ Fitch Ratings. "Fitch Affirms New Zealand at 'AA+'; Outlook Stable".
  186. ^ Fitch Ratings. "Fitch Affirms Nicaragua at 'B-'; Revises Outlook to Positive".
  187. ^ Fitch Ratings. "Fitch Affirms Nigeria at 'B-'; Outlook Stable".
  188. ^ Fitch Ratings. "Fitch Affirms North Macedonia at 'BB+'; Outlook Stable".
  189. ^ Fitch Ratings. "Fitch Affirms Norway at 'AAA'; Outlook Stable".
  190. ^ Fitch Ratings. "Fitch Upgrades Oman to 'BB+'; Outlook Stable".
  191. ^ Fitch Ratings. "Fitch Affirms Pakistan at 'CCC'".
  192. ^ Fitch Ratings. "Fitch Revises Panama's Outlook to Negative; Affirms IDR at 'BBB-'".
  193. ^ Fitch Ratings. "Fitch Affirms Paraguay at 'BB+'; Outlook Stable".
  194. ^ Fitch Ratings. "Fitch Affirms Peru at 'BBB'; Outlook Negative".
  195. ^ Fitch Ratings. "Fitch Affirms Philippines at 'BBB'; Outlook Stable".
  196. ^ Fitch Ratings. "Fitch Affirms Poland at 'A-'; Outlook Stable".
  197. ^ Fitch Ratings. "Fitch Upgrades Portugal to 'A-'; Outlook Stable".
  198. ^ Fitch Ratings. "Fitch Revises Qatar's Outlook to Positive; Affirms at 'AA-'".
  199. ^ Fitch Ratings. "Fitch Affirms Ras Al Khaimah at 'A'; Outlook Positive".
  200. ^ Fitch Ratings. "Fitch Affirms Congo at 'CCC+'".
  201. ^ Fitch Ratings. "Fitch Affirms Romania at 'BBB-'; Outlook Stable".
  202. ^ Fitch Ratings. "Fitch Withdraws Russia's Ratings".
  203. ^ Fitch Ratings. "Fitch Revises Rwanda's Outlook to Stable; Affirms at 'B+'".
  204. ^ Fitch Ratings. "Fitch Revises San Marino's Outlook to Positive; Affirms at 'BB'".
  205. ^ Fitch Ratings. "Fitch Upgrades Saudi Arabia to 'A+'; Outlook Stable".
  206. ^ Fitch Ratings. "Fitch Upgrades Serbia to 'BB+'; Outlook Stable".
  207. ^ Fitch Ratings. "Fitch Affirms Seychelles at 'BB-'; Outlook Stable".
  208. ^ Fitch Ratings. "Fitch Affirms Singapore at 'AAA'; Outlook Stable".
  209. ^ "Fitch Downgrades Slovakia to 'A-'; Outlook Stable".
  210. ^ Fitch Ratings. "Fitch Affirms Slovenia at 'A'; Outlook Stable".
  211. ^ Fitch Ratings. "Fitch Affirms South Africa at 'BB-'; Outlook Stable".
  212. ^ Fitch Ratings. "Fitch Affirms Korea at 'AA-'; Outlook Stable".
  213. ^ Fitch Ratings. "Fitch Affirms Spain at 'A-'; Outlook Stable".
  214. ^ Fitch Ratings. "Fitch Upgrades Sri Lanka's Long-Term Local-Currency IDR to 'CCC-'".
  215. ^ Fitch Ratings. "Fitch Affirms Suriname at 'RD', Withdraws Ratings".
  216. ^ Fitch Ratings. "Fitch Affirms Sweden at 'AAA'; Outlook Stable".
  217. ^ Fitch Ratings. "Fitch Affirms Switzerland at 'AAA'; Outlook Stable".
  218. ^ Fitch Ratings. "Fitch Affirms Taiwan at 'AA'; Outlook Stable".
  219. ^ Fitch Ratings. "Fitch Affirms Tanzania at 'B+'; Outlook Stable".
  220. ^ Fitch Ratings. "Fitch Affirms Thailand at 'BBB+'; Outlook Stable".
  221. ^ Fitch Ratings. "Fitch Affirms Tunisia at 'CCC-'".
  222. ^ Fitch Ratings. "Fitch Upgrades Turkiye to 'B+'; Outlook Positive".
  223. ^ Fitch Ratings. "Fitch Affirms Turkmenistan at 'B+'; Outlook Positive".
  224. ^ Fitch Ratings. "Fitch Affirms Uganda at 'B+'; Outlook Negative".
  225. ^ Fitch Ratings. "Fitch Affirms Ukraine at 'CC'".
  226. ^ Fitch Ratings. "Fitch Affirms the United Arab Emirates at 'AA-'; Outlook Stable".
  227. ^ Fitch Ratings. "Fitch Affirms United Kingdom at 'AA-'; Outlook Negative".
  228. ^ Fitch Ratings. "Fitch Downgrades the United States' Long-Term Ratings to 'AA+' from 'AAA'; Outlook Stable".
  229. ^ Fitch Ratings. "Fitch Upgrades Uruguay to 'BBB'; Outlook Stable".
  230. ^ Fitch Ratings. "Fitch Affirms Uzbekistan at 'BB-'; Outlook Stable".
  231. ^ Fitch Ratings. "Fitch Upgrades Vietnam to 'BB+'; Outlook Stable".
  232. ^ Fitch Ratings. "Fitch Affirms Zambia's LTFC IDR at 'RD'; Upgrades LTLC IDR to 'CCC+'".
  233. ^ "investment grade : defined at Finance Glossary". Finance-glossary.com. Archived from the original on 2012-11-05. Retrieved 2013-02-25.
  234. ^ Moody's Investors Service. "Moody's affirms Angola's ratings at B3, maintains positive outlook".
  235. ^ Moody's Investors Service. "Moody's affirms the B1 ratings of Albania; maintains stable outlook".
  236. ^ Moody's Investors Service. "Moody's affirms Argentina's Ca ratings; outlook stable".
  237. ^ Moody's Investors Service. "Moody's changes Armenia's outlook to stable from negative; affirms Ba3 rating".
  238. ^ Moody's Investors Service. "Moody's affirms Australia's Aaa rating, maintains stable outlook".
  239. ^ Moody's Investors Service. "Moody's affirms Austria's Aa1 ratings; outlook remains stable".
  240. ^ Moody's Investors Service. "Moody's upgrades Azerbaijan's ratings to Ba1, outlook changed to stable".
  241. ^ Moody's Investors Service. "Moody's downgrades The Bahamas' ratings to B1, changes outlook to stable".
  242. ^ Moody's Investors Service. "Moody's changes Bahrain's outlook to stable, affirms B2 ratings".
  243. ^ Moody's Investors Service. "Moody's downgrades Bangladesh's ratings to B1, outlook stable".
  244. ^ Moody's Investors Service. "Moody's upgrades Barbados' ratings to B3 from Caa1; maintains a stable outlook".
  245. ^ Moody's Investors Service. "Moody's downgrades Belarus' ratings to C with a stable outlook".
  246. ^ Moody's Investors Service. "Moody's affirms Belgium's Aa3 ratings; maintains stable outlook".
  247. ^ Moody's Investors Service. "Moody's upgrades Belize's ratings to Caa2 from Caa3, maintains stable outlook".
  248. ^ Moody's Investors Service. "Moody's affirms the B1 ratings of Benin; maintains stable outlook".
  249. ^ Moody's Investors Service. "Moody's affirms Bermuda's A2 ratings; maintains stable outlook".
  250. ^ Moody's Investors Service. "Moody's confirms Bolivia's ratings at Caa1, changes outlook to negative".
  251. ^ Moody's Investors Service. "Moody's affirms Bosnia and Herzegovina's B3 ratings; outlook stable".
  252. ^ Moody's Investors Service. "Moody's affirms Botswana's A3 ratings and maintains stable outlook".
  253. ^ Moody's Investors Service. "Moody's affirms Brazil's Ba2 ratings; maintains stable outlook".
  254. ^ Moody's Investors Service. "Moody's affirms Bulgaria's Baa1 ratings, maintains stable outlook".
  255. ^ Moody's Investors Service. "Moody's changes Cambodia's outlook to negative, B2 ratings affirmed".
  256. ^ Moody's Investors Service. "Moody's downgrades Cameroon's rating to Caa1 from B2; maintains stable outlook".
  257. ^ Moody's Investors Service. "Moody's affirms Canada's Aaa rating; maintains stable outlook".
  258. ^ Moody's Investors Service. "Moody's affirms Cayman Islands' Aa3 ratings, maintains stable outlook".
  259. ^ Moody's Investors Service. "Moody's downgrades Chile's ratings to A2, changes outlook to stable from negative".
  260. ^ Moody's Investors Service. "Moody's affirms China's A1 rating, changes outlook to negative from stable".
  261. ^ Moody's Investors Service. "Moody's affirms Colombia's Baa2 ratings; maintains stable outlook".
  262. ^ Moody's Investors Service. "Moody's affirms the Republic of the Congo's Caa2 ratings and maintains stable outlook".
  263. ^ Moody's Investors Service. "Moody's upgrades Costa Rica's ratings to B1; changes outlook to positive from stable".
  264. ^ Moody's Investors Service. "Moody's affirms Côte d'Ivoire's Ba3 rating; changes outlook to positive from stable".
  265. ^ Moody's Investors Service. "Moody's affirms Croatia's Baa2 ratings, changes outlook to positive from stable".
  266. ^ Moody's Investors Service. "Moody's withdraws Cuba's ratings due to lack of sufficient information".
  267. ^ Moody's Investors Service. "Moody's upgrades Cyprus' ratings to Baa2 and changes outlook to stable".
  268. ^ Moody's Investors Service. "Moody's changes Czech Republic's outlook to stable from negative, affirms Aa3 ratings".
  269. ^ Moody's Investors Service. "Moody's affirms the Aaa ratings of Denmark; maintains stable outlook".
  270. ^ Moody's Investors Service. "Moody's changes outlook on Dominican Republic's ratings to positive, affirms Ba3 ratings".
  271. ^ Moody's Investors Service. "Moody's upgrades the Democratic Republic of the Congo's ratings to B3 from Caa1, outlook stable".
  272. ^ Moody's Investors Service. "Moody's affirms Ecuador's Caa3 rating; maintains stable outlook".
  273. ^ Moody's Investors Service. "Moody's changes outlook on Egypt to negative, affirms Caa1 ratings".
  274. ^ Moody's Investors Service. "Moody's affirms El Salvador's Caa3 ratings; outlook changed to stable".
  275. ^ Moody's Investors Service. "Moody's affirms Estonia's A1 ratings, maintains stable outlook".
  276. ^ Moody's Investors Service. "Moody's changes eSwatini's outlook to positive from stable, affirms B3 rating".
  277. ^ Moody's Investors Service. "Moody's downgrades Ethiopia's foreign currency rating to Caa3, affirms its local currency rating at Caa2 and changes outlook to stable".
  278. ^ Moody's Investors Service. "Moody's changes Fiji's outlook to stable from negative; affirms B1 rating".
  279. ^ Moody's Investors Service. "Moody's affirms Finland's Aa1 ratings; outlook remains stable".
  280. ^ Moody's Investors Service. "Moody's affirms France's Aa2 ratings; outlook remains stable".
  281. ^ Moody's Investors Service. "Moody's changes the outlook on Gabon to negative; affirms Caa1 rating".
  282. ^ Moody's Investors Service. "Moody's changes the outlook on Georgia's rating to negative; affirms Ba2 rating".
  283. ^ Moody's Investors Service. "Moody's affirms Germany's Aaa ratings; outlook remains stable".
  284. ^ Moody's Investors Service. "Moody's upgrades Ghana's local currency ratings to Caa3 from Ca, maintains stable outlook".
  285. ^ Moody's Investors Service. "Moody's upgrades Greece's ratings to Ba1, outlook stable".
  286. ^ Moody's Investors Service. "Moody's affirms Guatemala's Ba1 ratings; changes outlook to stable from negative".
  287. ^ Moody's Investors Service. "Moody's affirms Honduras' B1 ratings; maintains stable outlook".
  288. ^ Moody's Investors Service. "Moody's affirms Hong Kong SAR's Aa3 rating, changes outlook to negative from stable".
  289. ^ Moody's Investors Service. "Moody's affirms the Baa2 ratings of Hungary; maintains stable outlook".
  290. ^ Moody's Investors Service. "Moody's changes outlook on Iceland's ratings to positive, affirms A2 ratings".
  291. ^ Moody's Investors Service. "Moody's affirms India's Baa3 ratings; outlook stable".
  292. ^ Moody's Investors Service. "Moody's assigns Baa2 ratings to Indonesia's dollar denominated bonds".
  293. ^ Moody's Investors Service. "Moody's affirms Iraq's Caa1 ratings, maintains stable outlook".
  294. ^ Moody's Investors Service. "Moody's upgrades Ireland's ratings to Aa3, outlook stable".
  295. ^ Moody's Investors Service. "Moody's changes the outlook on the Isle of Man to stable from negative, affirms Aa3 ratings".
  296. ^ Moody's Investors Service. "Moody's places Israel's A1 ratings on review for downgrade".
  297. ^ Moody's Investors Service. "Moody's affirms Italy's ratings at Baa3, changes the outlook to stable from negative".
  298. ^ Moody's Investors Service. "Moody's upgrades Jamaica's government ratings to B1 and changes outlook to positive from stable".
  299. ^ Moody's Investors Service. "Moody's affirms Japan's A1 ratings; maintains stable outlook".
  300. ^ Moody's Investors Service. "Moody's changes outlook on Jordan's rating to positive from stable; affirms B1 rating".
  301. ^ Moody's Investors Service. "Moody's changes Kazakhstan's outlook to positive from stable, affirms Baa2 rating".
  302. ^ Moody's Investors Service. "Moody's confirms Kenya's ratings at B3, changes outlook to negative".
  303. ^ Moody's Investors Service. "Moody's affirms Kuwait's A1 rating; maintains stable outlook".
  304. ^ Moody's Investors Service. "Moody's confirms Kyrgyz Republic's ratings at B3, changes outlook to negative".
  305. ^ Moody's Investors Service. "Moody's affirms Latvia's A3 ratings, maintains stable outlook".
  306. ^ Moody's Investors Service. "Moody's affirms Lebanon's C rating, changes outlook to stable from no outlook".
  307. ^ Moody's Investors Service. "Moody's affirms Lithuania's A2 ratings, maintains stable outlook".
  308. ^ Moody's Investors Service. "Moody's affirms Luxembourg's Aaa ratings; maintains stable outlook".
  309. ^ Moody's Investors Service. "Moody's changes outlook to negative from stable on Macao SAR, China's rating; affirms Aa3 rating".
  310. ^ Moody's Investors Service. "Moody's affirms Malaysia's A3 rating, maintains stable outlook".
  311. ^ Moody's Investors Service. "Moody's affirms Maldives' Caa1 rating, maintains stable outlook".
  312. ^ Moody's Investors Service. "Moody's changes Mali's outlook to stable; affirms Caa2 ratings".
  313. ^ Moody's Investors Service. "Moody's affirms Malta's A2 ratings, changes outlook to stable from negative".
  314. ^ Moody's Investors Service. "Moody's downgrades Mauritius's rating to Baa3, changes outlook to stable".
  315. ^ Moody's Investors Service. "Moody's downgrades Mexico's ratings to Baa2, changes outlook to stable from negative".
  316. ^ Moody's Investors Service. "Moody's changes the outlook on Moldova's rating to stable from negative; affirms B3 rating".
  317. ^ Moody's Investors Service. "Moody's affirms Mongolia's B3 rating, maintains stable outlook".
  318. ^ Moody's Investors Service. "Moody's affirms Montenegro's B1 ratings; outlook stable".
  319. ^ Moody's Investors Service. "Moody's affirms Morocco's Ba1 ratings, changes outlook to stable from negative".
  320. ^ Moody's Investors Service. "Moody's changes outlook on Mozambique to stable from positive, affirms Caa2 ratings".
  321. ^ Moody's Investors Service. "Moody's downgrades Namibia's ratings to B1, changes outlook to stable from negative".
  322. ^ Moody's Investors Service. "Moody's affirms the Netherlands' Aaa ratings; outlook remains stable".
  323. ^ Moody's Investors Service. "Moody's affirms New Zealand's Aaa rating, maintains stable outlook".
  324. ^ Moody's Investors Service. "Moody's affirms Nicaragua's B3 ratings and maintains stable outlook".
  325. ^ Moody's Investors Service. "Moody's changes Nigeria's outlook to positive, affirms Caa1 ratings".
  326. ^ Moody's Investors Service. "Moody's affirms the Aaa ratings of Norway; maintains stable outlook".
  327. ^ Moody's Investors Service. "Moody's upgrades Oman to Ba1, changes outlook to stable".
  328. ^ Moody's Investors Service. "Moody's downgrades Pakistan's rating to Caa3; changes outlook to stable from negative".
  329. ^ Moody's Investors Service. "Moody's downgrades Panama's rating to Baa3, changes outlook to stable".
  330. ^ Moody's Investors Service. "Moody's changes Papua New Guinea's outlook to stable from negative; affirms B2 rating".
  331. ^ Moody's Investors Service. "Moody's affirms Paraguay's Ba1 ratings; changes outlook to positive from stable".
  332. ^ Moody's Investors Service. "Moody's changes outlook on Peru's Baa1 rating to negative; affirms ratings".
  333. ^ Moody's Investors Service. "Moody's affirms the Philippines' Baa2 ratings; outlook stable".
  334. ^ Moody's Investors Service. "Moody's affirms Poland's A2 ratings; maintains stable outlook".
  335. ^ Moody's Investors Service. "Moody's upgrades Portugal's ratings to A3 and changes outlook to stable".
  336. ^ Moody's Investors Service. "Moody's changes the outlook on Qatar to positive, affirms Aa3 rating".
  337. ^ Moody's Investors Service. "Moody's affirms Romania's Baa3 ratings, maintains stable outlook".
  338. ^ Moody's Investors Service. "Moody's withdraws credit ratings on multiple entities".
  339. ^ Moody's Investors Service. "Moody's changes outlook on Rwanda to stable from negative; affirms B2 ratings".
  340. ^ Moody's Investors Service. "Moody's affirms St. Vincent and the Grenadines' B3 issuer ratings; maintains stable outlook".
  341. ^ Moody's Investors Service. "Moody's changes Saudi Arabia's outlook to positive, affirms A1 ratings".
  342. ^ Moody's Investors Service. "Moody's changes Senegal's outlook to stable from negative, affirms Ba3 rating".
  343. ^ Moody's Investors Service. "Moody's affirms Serbia's Ba2 ratings; outlook stable".
  344. ^ Moody's Investors Service. "Moody's affirms Singapore's Aaa rating, maintains stable outlook".
  345. ^ Moody's Investors Service. "Moody's maintains negative outlook on Slovakia's A2 ratings".
  346. ^ Moody's Investors Service. "Moody's affirms Slovenia's A3 rating; maintains stable outlook".
  347. ^ Moody's Investors Service. "Moody's changes South Africa's outlook to stable; affirms Ba2 ratings".
  348. ^ Moody's Investors Service. "Moody's affirms Korea's Aa2 rating, maintains stable outlook".
  349. ^ Moody's Investors Service. "Moody's affirms Spain's Baa1 rating and maintains stable outlook".
  350. ^ Moody's Investors Service. "Moody's downgrades Sri Lanka's rating to Ca; outlook stable".
  351. ^ Moody's Investors Service. "Moody's changes Suriname's rating outlook to stable, affirms the Caa3 rating".
  352. ^ Moody's Investors Service. "Moody's affirms Sweden's Aaa ratings; maintains stable outlook".
  353. ^ Moody's Investors Service. "Moody's affirms Switzerland's Aaa ratings, maintains stable outlook".
  354. ^ Moody's Investors Service. "Moody's changes Taiwan, China's outlook to stable from positive, affirms Aa3 rating".
  355. ^ Moody's Investors Service. "Moody's changes outlook on Tajikistan to stable from negative, affirms B3 ratings".
  356. ^ Moody's Investors Service. "Moody's affirms Thailand's Baa1 rating; maintains stable outlook".
  357. ^ Moody's Investors Service. "Moody's affirms Trinidad & Tobago's ratings at Ba2, changes outlook to positive".
  358. ^ Moody's Investors Service. "Moody's downgrades Tunisia's ratings to Caa2 with a negative outlook, concluding its review".
  359. ^ Moody's Investors Service. "Moody's downgrades Turkiye's ratings to B3, changes outlook to stable".
  360. ^ Moody's Investors Service. "Moody's changes outlook on Uganda's rating to negative; affirms the B2 rating".
  361. ^ Moody's Investors Service. "Moody's downgrades Ukraine's ratings to Ca with a stable outlook".
  362. ^ Moody's Investors Service. "Moody's affirms the United Arab Emirates' Aa2 rating; maintains stable outlook".
  363. ^ Moody's Investors Service. "Moody's changes the outlook on the UK to stable from negative, affirms Aa3 ratings".
  364. ^ Moody's Investors Service. "Moody's changes outlook on United States' ratings to negative, affirms Aaa ratings".
  365. ^ Moody's Ratings (15 March 2024). "Moody's upgrades Uruguay's ratings to Baa1; changes outlook to stable". Moody's. Retrieved 16 March 2024.
  366. ^ Moody's Investors Service. "Moody's upgrades Uzbekistan's rating to Ba3, outlook stable".
  367. ^ Moody's Investors Service. "Moody's withdraws certain Government of Venezuela ratings for business reasons".
  368. ^ Moody's Investors Service. "Moody's upgrades Vietnam's rating to Ba2, outlook changed to stable".
  369. ^ Moody's Investors Service. "Moody's affirms Zambia's Ca ratings; outlook stable".
  370. ^ DBRS Morningstar. "Market sectors | Governments | Sovereigns".
  371. ^ Scope Ratings. "Sovereign Ratings".
  372. ^ Japan Credit Rating Agency. "Rating Lists | Sovereigns and Supranationals".
  373. ^ Japan Credit Rating Agency. "主权评级" [Sovereign Rating].
  374. ^ Country Brief - Gambia(password-protected)
  375. ^ Cbonds.Info - Fitch (UK) Withdraws Iran's Ratings
  376. ^ Fitch Downgrades, Withdraws Libya's Credit Rating - FoxBusiness.com
  377. ^ "Mali given credit rating under UN development initiative". United Nations Organization. 2004-05-06. Retrieved 2013-02-25.
  378. ^ "Fitch withdraws Mali's ratings". Reuters. 2009-12-04. Archived from the original on December 1, 2011. Retrieved 2013-02-25.

Links edit

  • S&P Global Ratings
  • Fitch Ratings
  • Moody's
  • DBRS Morningstar
  • Scope Ratings
  • Japan Credit Rating Agency
  • China Chengxin Credit Rating Group
  • countryeconomy.com

See also edit