| Rating Agency | Rating | Outlook | Last Update | Action |
|---|---|---|---|---|
| Standard & Poor's | AAA | - | 7 Jun 2021 | outlook upgrade |
| Moody's Investors Service | Aaa | - | 20 Oct 2002 | rating upgrade |
| Fitch Ratings | AAA | - | 13 Oct 2021 | outlook upgrade |
| DBRS | AAA | - | 31 Jul 2014 |
Current Australia credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive Australia ability to honor its financial commitments.
The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of Australia, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.
Discover what a Credit Rating is and why it matters.
Australia: Long-term Rating Scales Comparison
Australia long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with Australia sovereign debt. These scales help investors understand the likelihood that Australia will meet its financial obligations.
Symbol means a negative outlook.
| Grade | Description | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|---|
|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
| High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
|
AA
|
Aa2
|
AA
|
AA
|
||
|
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
| Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
|
A
|
A2
|
A
|
A
|
||
|
A-
|
A3
|
A-
|
A(low)
|
||
| Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
|
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
|
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
|
BB
|
Ba2
|
BB
|
BB
|
||
|
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
| Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
|
B
|
B2
|
B
|
B
|
||
|
B-
|
B3
|
B-
|
B(low)
|
||
| Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
|
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
| Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
|
C
|
C
|
C
|
C
|
||
| In Default |
RD
|
/
|
RD
|
RD
|
|
|
SD
|
/
|
SD
|
SD
|
||
|
D•NR
|
D•NR
|
D•NR
|
D•NR
|
||
with Lazy Portfolios and Passive Investing
Use top metrics to evaluate
Choose Bond ETFs to control risk
Join the passive investing strategy
Australia Credit Ratings historical data
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
| Date | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|
| 13 Oct 2021 | AAA | |||
| 7 Jun 2021 | AAA | |||
| 23 May 2020 | AAA | |||
| 8 Apr 2020 | AAA | |||
| 21 Sep 2018 | AAA | |||
| 6 Jul 2016 | AAA | |||
| 31 Jul 2014 | AAA | |||
| 28 Nov 2011 | AAA | |||
| 16 Feb 2003 | AAA | |||
| 3 Feb 2003 | AA+ | |||
| 20 Oct 2002 | Aaa | |||
| 17 May 1999 | AA+ | |||
| 19 Nov 1998 | AA | |||
| 18 Jun 1998 | AA | |||
| 21 Aug 1996 | AA | |||
| 25 Jan 1996 | AA | |||
| 3 Sep 1993 | AA | |||
| 24 Oct 1989 | AA | |||
| 10 Sep 1989 | Aa2 | |||
| 26 Jun 1989 | AA+ | |||
| 2 Dec 1986 | AA+ | |||
| 10 Sep 1986 | Aa1 | |||
| 6 Jun 1975 | AAA | |||
| 15 Oct 1974 | Aaa | |||
| 15 Jan 1962 | A | |||
| 27 Feb 1957 | BBB |
with Lazy Portfolios and Passive Investing
