World Credit Ratings

Agencies:
S&P Ratings
Investment Grade
AAA
AA - A
BBB
Speculative Grade
BB - B
CCC to D
Moody's Ratings
Investment Grade
Aaa
Aa - A
Baa
Speculative Grade
Ba - B
Caa to D
Fitch Ratings
Investment Grade
AAA
AA - A
BBB
Speculative Grade
BB - B
CCC to D
DBRS Ratings
Investment Grade
AAA
AA - A
BBB
Speculative Grade
BB - B
CCC to D

Credit ratings are evaluations of the creditworthiness of a borrower, in particular, their ability to repay debt. These ratings are expressed in letter grades, such as AAA, BBB, and so on, and provide investors with a quick reference to assess the risk associated with investing in bonds or other debt instruments issued by companies, governments, or other entities.

The ratings range from high-grade (AAA), indicating minimal credit risk, to low-grade (C or D), indicating substantial risk of default. These ratings influence the interest rates that borrowers must pay to attract investors; higher-rated borrowers enjoy lower interest rates due to perceived lower risk.

Credit ratings are assigned by credit rating agencies, the most prominent of which are Standard & Poor's (S&P), Moody's, and Fitch Ratings. These agencies evaluate various factors, including the financial health of the issuer, the stability of their income streams, the economic environment, and historical performance.

Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

With green or red background, the recent ratings variations.
Columns are sortable.
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Country S&P Moody's Fitch DBRS
Argentina
CCC
Ca
CC
CCC
Australia
AAA
Aaa
AAA
AAA
Austria
AA+
Aa1
AA+
AAA
Bahrain
B+
B2
B+
-
Bangladesh
B+
B2
B+
-
Belgium
AA
Aa3
AA-
AA
Botswana
BBB+
A3
-
-
Brazil
BB
Ba1
BB
BB
Bulgaria
BBB
Baa1
BBB
-
Canada
AAA
Aaa
AA+
AAA
Chile
A
A2
A-
N/A
China
A+
A1
A+
A
Colombia
BB+
Baa2
BB+
BBB (low)
Croatia
A-
A3
A-
-
Cyprus
BBB+
Baa2
BBB
BBB (high)
Czech Republic
AA-
Aa3
AA-
-
Denmark
AAA
Aaa
AAA
AAA
Egypt
B-
Caa1
B
-
Finland
AA+
Aa1
AA+
AA (high)
France
AA-
A2a
AA-
AA (high)
Germany
AAA
Aaa
AAA
AAA
Greece
BBB-
Ba1
BBB-
BBB (low)
Hong Kong
AA+
Aa3
AA-
-
Hungary
BBB-
Baa2
BBB
-
Iceland
A+
A1
A
-
India
BBB-
Baa3
BBB-
BBB (low)
Indonesia
BBB
Baa2
BBB
-
Ireland
AA
Aa3
AA
AA
Israel
A
Baa1
A
-
Italy
BBB
Baa3
BBB
BBB (high)
Japan
A+
A1
A
A (high)
Jordan
BB-
Ba3
BB-
-
Kazakhstan
BBB-
Baa1
BBB
-
Kenya
B-
Caa1
B-
-
Latvia
A
A3
A-
A
Lithuania
A
A2
A
A (high)
Malaysia
A-
A3
BBB+
-
Malta
A-
A2
A+
A (high)
Mauritius
BBB-
Baa3
-
-
Mexico
BBB
Baa2
BBB-
BBB
Morocco
BB+
Ba1
BB+
-
Namibia
-
B1
BB
-
Netherlands
AAA
Aaa
AAA
AAA
New Zealand
AA+
Aaa
AA+
-
Nigeria
B-
Caa1
B-
-
Norway
AAA
Aaa
AAA
AAA
Pakistan
CCC+
Caa2
CCC+
-
Perù
BBB-
Baa1
BBB
N/A
Philippines
BBB+
Baa2
BBB
-
Poland
A-
A2
A-
A
Portugal
A-
A3
A-
A
Qatar
AA
Aa2
AA
-
Romania
BBB-
Baa3
BBB-
-
Russia
NR
NR
NR
-
Serbia
BBB-
Ba2
BB+
-
Singapore
AAA
Aaa
AAA
AAA
Slovakia
A+
A2
A
A
Slovenia
AA-
A3
A
A (high)
South Africa
BB-
Ba2
BB-
-
South Korea
AA
Aa2
AA-
-
Spain
A-
Baa1
A-
A
Sri Lanka
SD
Ca
RD
-
Sweden
AAA
Aaa
AAA
AAA
Switzerland
AAA
Aaa
AAA
AAA
Taiwan
AA+
Aa3
AA
-
Thailand
BBB+
Baa1
BBB+
-
Turkey
BB-
B1
B+
BB (high)
Uganda
B-
B3
B
-
Ukraine
SD
Ca
RD
-
United Kingdom
AA
Aa3
AA-
AA
United States
AA+
Aaa
AA+
AAA
Venezuela
N/A
C
RD
-
Vietnam
BB+
Ba2
BB+
-
Zambia
SD
Caa2
RD
-