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This is a list of countries by credit rating, showing long-term foreign currency
credit ratingA credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor Default (finan ...
s for sovereign bonds as reported by the largest three major credit rating agencies:
Standard & Poor's S&P Global Ratings (previously Standard & Poor's) is an American credit rating agency (CRA) and a division of S&P Global S&P Global Inc. (prior to April 2016 McGraw Hill Financial, Inc., and prior to 2013 McGraw–Hill Companies) is an Americ ...

Standard & Poor's
, Fitch, and Moody's. The list also includes all country subdivisions not issuing sovereign bonds, but it excludes regions, provinces and municipalities issuing sub-sovereign bonds.


Countries' and regions' ratings in different methods


Standard & Poor's

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.


Fitch

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. 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'.


Moody's

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.


DBRS Morningstar

For DBRS Morningstar, 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

For Scope – 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

Japan Credit Rating Agency (JCR) is a credit rating agency based in
Japan , image_flag = Flag of Japan.svg , alt_flag = Centered deep red circle on a white rectangle , image_coat = Imperial Seal of Japan.svg , alt_coat = Golden circle subdiv ...
. JCR is a
Nationally Recognized Statistical Rating Organization A nationally recognized statistical rating organization (NRSRO) is a credit rating agency (CRA) approved by the U.S. Securities and Exchange Commission (SEC) to provide information that financial firms must rely on for regulatory purposes. Hi ...
by the U.S. Securities and Exchange Commission.


Dagong

Dagong is a credit rating agency based in
China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the List of countries and dependencies by population, world's most populous country, with a population of around 1.4 billion. Covering approximately 9.6& ...
.
World map ratings by Dagong (December 2018)


China Chengxin

China Chengxin Credit Rating Group is a credit rating agency based in
China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the List of countries and dependencies by population, world's most populous country, with a population of around 1.4 billion. Covering approximately 9.6& ...
.


Not rated


See also

* Bond credit rating * United States federal government credit-rating downgrades * List of US states by credit rating


References

{{Finance country lists Lists of countries by economic indicator, credit rating Credit rating