Rating Agency | Rating | Outlook | Last Update | Action |
---|---|---|---|---|
Standard & Poor's | A- | positive | 16 Sep 2024 | rating upgrade |
Moody's Investors Service | A3 | - | 11 Nov 2024 | rating upgrade |
Fitch Ratings | A- | - | 20 Sep 2024 | rating upgrade |
DBRS | - | - |
Current Croatia 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 Croatia 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 Croatia, 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.
Croatia: Long-term Rating Scales Comparison
Croatia 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 Croatia sovereign debt. These scales help investors understand the likelihood that Croatia 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
|
Croatia 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 |
---|---|---|---|---|
11 Nov 2024 | A3 | |||
20 Sep 2024 | A- | |||
16 Sep 2024 | A- | |||
13 Nov 2023 | Baa2 | |||
9 Oct 2023 | BBB+ | |||
18 Sep 2023 | BBB+ | |||
3 Aug 2022 | BBB+ | |||
16 Jul 2022 | Baa2 | |||
14 Jul 2022 | BBB+ | |||
15 Nov 2021 | BBB | |||
14 Nov 2020 | Ba1 | |||
2 Apr 2020 | BBB- | |||
10 Jun 2019 | BBB- | |||
27 Apr 2019 | Ba2 | |||
23 Mar 2019 | BBB- | |||
22 Sep 2018 | BB+ | |||
6 Jul 2018 | BB+ | |||
23 Mar 2018 | BB+ | |||
12 Jan 2018 | BB+ | |||
22 Sep 2017 | BB | |||
10 Mar 2017 | Ba2 | |||
27 Jan 2017 | BB | |||
16 Dec 2016 | BB | |||
11 Mar 2016 | Ba2 | |||
31 Jul 2015 | BB | |||
17 Jul 2015 | BB | |||
8 Aug 2014 | BB | |||
21 Mar 2014 | Ba1 | |||
14 Feb 2014 | BB+ | |||
24 Jan 2014 | BB | |||
20 Sep 2013 | BB+ | |||
2 Aug 2013 | BB+ | |||
1 Feb 2013 | Ba1 | |||
14 Dec 2012 | BB+ | |||
29 Nov 2012 | BBB- | |||
5 Sep 2012 | BBB- | |||
31 May 2012 | Baa3 | |||
21 Dec 2010 | BBB- | |||
21 May 2009 | BBB- | |||
19 Nov 2008 | Baa3 | |||
27 Oct 2008 | BBB | |||
18 Jul 2007 | Baa3 | |||
6 Jul 2005 | BBB- | |||
22 Dec 2004 | BBB | |||
23 Jun 2004 | BBB- | |||
8 Jul 2003 | BBB- | |||
14 Jan 2002 | Baa3 | |||
28 Jun 2001 | BBB- | |||
9 Feb 2001 | BBB- | |||
21 Sep 2000 | BB+ | |||
11 Jun 1999 | Baa3 | |||
3 Jun 1999 | BBB- | |||
29 Apr 1999 | BB+ | |||
27 Jan 1997 | Baa3 | |||
17 Jan 1997 | BBB- | BBB- |