List of countries by credit rating

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This is a list of countries by credit rating, showing long-term foreign currency credit ratings for sovereign bonds as reported by the three major credit rating agencies: Standard & Poor's, Fitch and Moody's. The ratings of Dagong and JCR, Chinese and Japanese rating agencies respectively, are also included. The list also includes all country subdivisions issuing sovereign bonds, but it excludes regions, provinces and municipalities issuing sub-sovereign bonds.

Contents

Ratings [edit]

Standard & Poor's [edit]

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.[1]

Country Rating Outlook Date Ref.
 Abu Dhabi, UAE 20 AA Stable 2012-02-20 [2][3]
 Albania 09 B+ Stable 2012-02-20 [2][3]
 Andorra 16 A- Negative 2012-02-20 [2][3]
 Angola 10 BB- Stable 2012-02-20 [2][3]
 Argentina 07 B- Negative 2012-10-30 [4]
 Aruba 16 A- Stable 2012-02-20 [2][3]
 Australia 22 AAA Stable 2012-02-20 [2][3]
 Austria 21 AA+ Negative 2012-02-20 [2][3]
 Azerbaijan 13 BBB- Positive 2012-02-20 [2][3]
 Bahamas 14 BBB Stable 2012-02-20 [2][3]
 Bahrain 14 BBB Negative 2012-02-20 [2][3]
 Bangladesh 10 BB- Stable 2012-02-20 [2][3]
 Barbados 12 BB+ Negative 2012-02-20 [2][3]
 Belarus 07 B- Positive 2013-04-17 [2][3]
 Belgium 20 AA Negative 2012-02-20 [2][3]
 Belize 07 B- Negative 2012-02-20 [2][3]
 Benin 08 B Stable 2012-02-20 [2][3]
 Bermuda 19 AA- Stable 2012-02-20 [2][3]
 Bolivia 10 BB- Positive 2012-02-20 [2][3]
 Bosnia and Herzegovina 08 B Negative 2012-02-20 [2][3]
 Botswana 16 A- Stable 2012-02-20 [2][3]
 Brazil 14 BBB Stable 2012-02-20 [2][3]
 Bulgaria 14 BBB Stable 2012-02-20 [2][3]
 Burkina Faso 08 B Stable 2012-02-20 [2][3]
 Cambodia 08 B Stable 2012-02-20 [2][3]
 Cameroon 08 B Stable 2012-02-20 [2][3]
 Canada 22 AAA Stable 2012-02-20 [2][3]
 Cape Verde 09 B+ Stable 2012-02-20 [2][3]
 Chile 18 AA- Positive 2012-12-26 [2][3]
 China 19 AA- Stable 2012-02-20 [2][3]
 Colombia 13 BBB Stable 2013-04-24 [2][3]
 Cook Islands 09 B+ Negative 2012-02-20 [2][3]
 Costa Rica 11 BB Stable 2012-02-20 [2][3]
 Croatia 12 BB+ Stable 2012-12-14 [2][3]
 Curacao 16 A- Stable 2012-02-20 [2][3]
 Cyprus 05 CCC Stable 2013-04-12 [2][5]
 Czech Republic 19 AA- Stable 2012-02-20 [2][3]
 Denmark 22 AAA Stable 2012-02-20 [2][3]
 Dominican Republic 09 B+ Stable 2012-02-20 [2][3]
 Ecuador 08 B Positive 2012-02-20 [2][3]
 Egypt 07 CCC+ Negative 2012-12-24 [2][3]
 El Salvador 10 BB- Stable 2012-02-20 [2][3]
 Estonia 19 AA- Stable 2012-10-19 [2][6]
 Fiji 08 B Stable 2012-02-20 [2][3]
 Finland 22 AAA Stable 2012-02-20 [2][3]
 France 21 AA+ Negative 2012-02-20 [2][3]
 Gabon 10 BB- Stable 2012-02-20 [2][3]
 Georgia 10 BB- Stable 2012-02-20 [2][3]
 Germany 22 AAA Stable 2013-03-27 [2][3]
 Ghana 08 B Stable 2011-11-29 [2][3]
 Greece 07 B- Stable 2012-12-18 [2][3]
 Grenada 01 SD Negative 2013-03-13 [2][7]
 Guatemala 11 BB Negative 2011-11-29 [2][3]
 Guernsey 21 AA+ Stable 2011-11-29 [2][3]
 Honduras 08 B+ Positive 2012-06-08 [2][3]
 Hong Kong 22 AAA Stable 2011-11-29 [2][3]
 Hungary 11 BB Stable 2012-11-23 [2][3]
 Iceland 13 BBB- Stable 2011-11-29 [2][3]
 India 13 BBB- Negative 2012-04-25 [2][3][8]
 Indonesia 12 BB+ Positive 2011-11-29 [2][3]
 Ireland 15 BBB+ Stable 2013-02-13 [2][3]
 Isle of Man 21 AA+ Stable 2011-11-29 [2][3]
 Israel 18 A+ Stable 2011-11-29 [2][3]
 Italy 15 BBB+ Negative 2012-01-13 [2][3]
 Jamaica 06 CCC+ Negative 2013-03-07 [2][9]
 Japan 19 AA- Negative 2011-11-29 [2][3]
 Jordan 11 BB Negative 2011-11-29 [2][3]
 Kazakhstan 15 BBB+ Stable 2011-11-29 [2][3]
 Kenya 09 B+ Stable 2011-11-29 [2][3]
 Kuwait 20 AA Stable 2011-11-29 [2][3]
 Latvia 14 BBB Positive 2011-11-29 [2][3]
 Lebanon 08 B Stable 2011-11-29 [2][3]
 Liechtenstein 22 AAA Stable 2011-11-29 [2][3]
 Lithuania 14 BBB Stable 2011-11-29 [2][3]
 Luxembourg 22 AAA Negative 2012-01-13 [2][3]
 Macedonia 11 BB Stable 2011-11-29 [2][3]
 Malaysia 16 A- Stable 2011-11-29 [2][3]
 Malta 15 BBB+ Stable 2013-01-16 [2][10]
 Mexico 14 BBB Stable 2011-11-29 [2][3]
 Mongolia 10 BB- Stable 2011-11-29 [2][3]
 Montenegro 10 BB- Negative 2011-11-29 [2][3]
 Montserrat 13 BBB- Stable 2011-11-29 [2][3]
 Morocco 13 BBB- Stable 2011-11-29 [2][3]
 Mozambique 09 B+ Stable 2011-11-29 [2][3]
 Netherlands 22 AAA Negative 2012-07-24 [2][3]
 New Zealand 20 AA Stable 2011-11-29 [2][3]
 Nigeria 10 BB- Stable 2011-11-29 [2][3]
 Norway 22 AAA Stable 2011-11-29 [2][3]
 Oman 17 A Negative 2011-11-29 [2][3]
 Pakistan 07 B- Stable 2011-11-29 [2][3]
 Panama 14 BBB Stable 2012-07-02 [2][3]
 Papua New Guinea 09 B+ Stable 2011-11-29 [2][3]
 Paraguay 10 BB- Stable 2011-11-29 [2][3]
 Peru 14 BBB Stable 2011-11-29 [2][3]
 Philippines 13 BBB- Stable 2013-05-02 [11][12]
 Poland 16 A- Stable 2013-03-07 [2][3]
 Portugal 11 BB Stable 2013-03-07 [2][3]
 Qatar 20 AA Stable 2011-11-29 [2][3]
 Ras Al Khaimah, UAE 17 A Stable 2011-11-29 [2][3]
 Romania 12 BB+ Stable 2011-11-29 [2][3]
 Russia 14 BBB Stable 2011-11-29 [2][3]
 Rwanda 08 B Stable 2012-09-29 [2][3]
 Saudi Arabia 19 AA- Stable 2011-11-29 [2][3]
 Senegal 09 B+ Negative 2011-11-29 [2][3]
 Serbia 10 BB- Negative 2012-08-07 [2][3]
 Singapore 22 AAA Stable 2011-11-29 [2][3]
 Slovakia 17 A Stable 2012-01-13 [2][3]
 Slovenia 16 A- Stable 2013-02-13 [2][13]
 South Africa 14 BBB Stable 2011-11-29 [2][3]
 South Korea 18 A+ Stable 2012-09-14 [2][3]
 Spain 13 BBB- Negative 2012-10-10 [2][3]
 Sri Lanka 09 B+ Positive 2011-11-29 [2][3]
 Suriname 10 BB- Stable 2011-11-29 [2][3]
 Sweden 22 AAA Stable 2012-10-24 [2][3][14]
 Switzerland 22 AAA Stable 2011-11-29 [2][3]
 Taiwan 19 AA- Stable 2011-11-29 [2][3]
 Thailand 15 BBB+ Stable 2011-11-29 [2][3]
 Trinidad and Tobago 17 A Stable 2011-11-29 [2][3]
 Tunisia 10 BB- Negative 2013-02-20 [2][3]
 Turkey 12 BB+ Stable 2013-03-27 [2][3]
 Uganda 09 B+ Stable 2011-11-29 [2][3]
 Ukraine 08 BB Negative 2012-07-03 [2][3]
 United Kingdom 22AAA Negative 2012-04-13 [2][3]
 United States 21 AA+ Negative 2011-11-29 [2][3]
 Uruguay 12 BBB- Stable 2012-04-03 [2][3]
 Venezuela 09 B+ Stable 2011-11-29 [2][3]
 Vietnam 10 BB- Negative 2011-11-29 [2][3]
 Zambia 09 B+ Stable 2011-11-29 [2][3]
World countries by Standard & Poor's Foreign Rating in May 2013[15][16]
Dark Green - AAA Light Green - AA
Celery - A Yellow - BBB
Orange - BB Red - B
Dark Red - CCC Grey - not rated
Financial ratings of European States by Standard & Poor's (foreign currency) in January 2013

Fitch [edit]

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.[17]

Country Rating Outlook Date Ref.
 Abu Dhabi 18AA Stable 2011-11-21 [18]
 Angola 08BB- Stable 2011-11-21 [18]
 Argentina 04CC Negative 2012-11-27 [19]
 Armenia 08BB- Stable 2011-11-21 [18]
 Aruba 12BBB Stable 2011-11-21 [18]
 Australia 20AAA Stable 2011-11-29 [20]
 Austria 20AAA Stable 2011-11-21 [18]
 Azerbaijan 11BBB- Positive 2011-11-21 [18]
 Bahrain 12BBB Stable 2011-11-21 [18]
 Belgium 19AA Stable 2013-01-24 [18]
 Benin 06B Stable 2011-11-21 [18]
 Bermuda 19AA+ Stable 2011-11-21 [18]
 Bolivia 07B+ Stable 2011-11-21 [18]
 Brazil 12BBB Stable 2011-11-21 [18]
 Bulgaria 11BBB- Positive 2011-11-21 [18]
 Cameroon 06B Stable 2011-11-21 [18]
 Canada 20AAA Stable 2011-11-21 [18]
 Cape Verde 07B+ Stable 2011-11-21 [18]
 Chile 16A+ Stable 2011-11-21 [18]
 China 16A+ Stable 2011-11-21 [18]
 Colombia 11BBB- Positive 2011-11-21 [18]
 Costa Rica 10BB+ Stable 2011-11-21 [18]
 Croatia 11BBB Stable 2012-09-05 [18]
 Cyprus 08BB- Negative 2012-11-22 [18]
 Czech Republic 16A+ Positive 2011-11-21 [18]
 Denmark 20AAA Stable 2011-11-21 [18]
 Dominican Republic 06B Positive 2011-11-21 [18]
 Ecuador 05B- Stable 2011-11-21 [18]
 Egypt 06B Negative 2013-01-30 [18]
 El Salvador 09BB Stable 2011-11-21 [18]
 Estonia 16A+ Stable 2011-11-21 [18]
 Finland 20AAA Stable 2011-11-21 [18]
 France 20AAA Negative 2011-12-16 [18]
 Gabon 08BB- Stable 2011-11-21 [18]
 Georgia 07B+ Positive 2011-11-21 [18]
 Germany 20AAA Stable 2011-11-21 [18]
 Ghana 07B+ Stable 2011-11-21 [18]
 Greece 04B- Stable 2012-05-17 [18]
 Guatemala 10BB+ Stable 2011-11-21 [18]
 Hong Kong 19AA+ Stable 2011-11-21 [18]
 Hungary 10BB+ Negative 2012-01-06 [18]
 Iceland 10BBB- Stable 2012-02-17 [18]
 India 11BBB- Negative 2012-06-18 [18]
 Indonesia 11BBB- Stable 2011-12-15 [18]
 Ireland 13BBB+ Stable 2012-11-15 [18]
 Israel 15A Stable 2008-02-11 [18]
 Italy 13BBB+ Negative 2013-03-08 [18]
 Jamaica 05B- Stable 2011-11-21 [18]
 Japan 16A+ Negative 2012-05-22 [18]
 Kazakhstan 12BBB Positive 2011-11-21 [18]
 Kenya 07B+ Stable 2011-11-21 [18]
 Kuwait 18AA Stable 2011-11-21 [18]
 Latvia 11BBB Positive 2012-11-13 [18][21]
 Lebanon 06B Stable 2011-11-21 [18]
 Lesotho 08BB- Negative 2011-11-21 [18]
 Lithuania 12BBB Positive 2011-11-21 [18]
 Luxembourg 20AAA Stable 2011-11-21 [18]
 Macedonia 10BB+ Stable 2011-11-21 [18]
 Malaysia 14A- Stable 2011-11-21 [18]
 Malta 16A+ Stable 2011-11-21 [18]
 Mexico 12BBB+ Stable 2013-04-08 [18]
 Mongolia 07B+ Stable 2011-11-21 [18]
 Morocco 11BBB- Stable 2011-11-21 [18]
 Mozambique 06B Stable 2011-11-21 [18]
 Namibia 11BBB- Positive 2011-11-21 [18]
 Netherlands 20AAA Stable 2011-11-21 [18]
 New Zealand 18AA Stable 2011-11-21 [18]
 Nigeria 08BB- Stable 2011-11-21 [18]
 Norway 20AAA Stable 2011-11-21 [18]
 Panama 12BBB Stable 2011-11-21 [18]
 Peru 12BBB Stable 2011-11-21 [18]
 Philippines 10BBB- Stable 2013-03-27 [18][22]
 Poland 14A- Positive 2013-02-21 [18]
 Portugal 10BB+ Watch Negative 2011-11-21 [18][23]
 Ras Al Khaimah, UAE 15A Stable 2011-11-21 [18]
 Romania 11BBB- Stable 2011-11-21 [18]
 Russia 12BBB Stable 2012-08-16 [18][24]
 Rwanda 06B Stable 2011-11-21 [18]
 San Marino 15A Negative 2011-11-21 [18]
 Saudi Arabia 17AA- Stable 2011-11-21 [18]
 Serbia 08BB- Negative 2012-08-16 [18]
 Seychelles 06B Stable 2011-11-21 [18]
 Singapore 20AAA Stable 2011-11-21 [18]
 Slovakia 16A+ Stable 2011-11-21 [18]
 Slovenia 14BBB+ Negative 2013-05-17 [18]
 South Africa 13BBB Stable 2013-01-10 [18]
 South Korea 16AA- Stable 2012-09-07 [25]
 Spain 12BBB Negative 2012-06-07 [18]
 Sri Lanka 08BB- Stable 2011-11-21 [18]
 Suriname 07BB- Stable 2012-07-10 [18]
 Sweden 20AAA Stable 2011-11-21 [18]
 Switzerland 20AAA Stable 2011-11-21 [18]
 Taiwan 16A+ Stable 2011-11-21 [18]
 Thailand 14A- Stable 2013-03-08 [18]
 Tunisia 11BBB- Negative 2011-11-21 [18]
 Turkey 11BBB- Stable 2012-11-05 [18]
 Uganda 06B Stable 2011-11-21 [18]
 Ukraine 06B Stable 2011-11-21 [18]
 United Kingdom 20AA+ Stable 2013-04-19 [26]
 United States 20AAA Negative 2011-11-21 [18]
 Uruguay 11BBB- Stable 2011-11-21 [18]
 Venezuela 07B+ Negative 2011-11-21 [18]
 Vietnam 07B+ Stable 2011-11-21 [18]
 Zambia 07B+ Stable 2011-11-21 [18]
Financial ratings of European States by Fitch Ratings in March 2013

Moody's [edit]

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.[27]

Country Rating Outlook Date Ref.
 Albania 08B1 Stable 2011-08-05 [28]
 Angola 09Ba3 Stable 2011-08-05 [28]
 Argentina 06B3 Stable 2011-08-05 [28]
 Armenia 10Ba2 Negative 2011-11-21 [28]
 Australia 21Aaa Stable 2011-08-05 [28]
 Austria 21Aaa Negative 2012-02-13 [28]
 Azerbaijan 12Baa3 Positive 2012-04-19 [28]
 Bahamas 15A3 Stable 2011-08-05 [28]
 Bahrain 14Baa1 Negative 2011-08-05 [28]
 Bangladesh 09Ba3 Stable 2011-08-05 [28]
 Barbados 12Baa3 Negative 2011-08-05 [28]
 Belarus 06B3 Watch Negative 2011-08-05 [28]
 Belgium 18Aa3 Negative 2011-12-16 [28]
 Belize 06B3 Stable 2011-08-05 [28]
 Bermuda 19Aa2 Stable 2011-08-05 [28]
 Bolivia 09Ba3 Positive 2011-08-05 [28]
 Bosnia and Herzegovina 06B3 Negative 2012-04-03 [28][29]
 Botswana 16A2 Negative 2011-08-05 [28]
 Brazil 13Baa2 Positive 2011-08-05 [28]
 Bulgaria 13Baa2 Stable 2011-08-05 [28]
 Cambodia 07B2 Stable 2011-08-05 [28]
 Canada 21Aaa Stable 2011-08-05 [28]
 Cayman Islands 18Aa3 Stable 2011-08-05 [28]
 Chile 18Aa3 Stable 2011-08-05 [28]
 China 18Aa3 Stable 2011-08-05 [28]
 Colombia 12Baa3 Stable 2011-08-05 [28]
 Costa Rica 12Baa3 Stable 2011-08-05 [28]
 Croatia 12Baa3 Stable 2011-08-05 [28]
 Cuba 05Caa1 Stable 2011-08-05 [28]
 Cyprus 03Caa3 Negative 2012-10-08 [28][30]
 Czech Republic 17A1 Stable 2012-07-18 [28]
 Denmark 21Aaa Stable 2011-08-05 [28]
 Dominican Republic 08B1 Stable 2011-08-05 [28]
 Ecuador 04Caa1 Stable 2012-09-14 [28]
 Egypt 05Caa1 Negative 2013-03-21 [31]
 El Salvador 10Ba2 Stable 2011-08-05 [28]
 Estonia 17A1 Stable 2011-08-05 [28]
 Fiji 08B1 Negative 2011-08-05 [28]
 Finland 21Aaa Stable 2011-08-05 [28]
 France 21Aa1 Negative 2012-11-19 [28]
 Georgia 09Ba3 Stable 2011-08-05 [28]
 Germany 21Aaa Negative watch 2012-07-24 [32]
 Greece 01C 2012-03-02 [28]
 Guatemala 11Ba1 Stable 2011-08-05 [28]
 Honduras 07B2 Stable 2011-08-05 [28]
 Hong Kong 20Aa1 Positive 2011-08-05 [28]
 Hungary 11Ba1 Negative 2011-11-24 [28][33]
 Iceland 12Baa3 Negative 2011-08-05 [28]
 India 12Baa3 Stable 2011-08-05 [28]
 Indonesia 12Baa3 Stable 2012-01-18 [28]
 Ireland 11Ba1 Negative 2011-08-05 [28]
 Isle of Man 21Aaa Stable 2011-08-05 [28]
 Israel 17A1 Stable 2011-08-05 [28]
 Italy 13Baa2 Negative 2012-07-13 [28][34]
 Jamaica 06B3 Stable 2011-08-05 [28]
 Japan 18Aa3 Stable 2011-08-23 [28]
 Jordan 10Ba2 Negative 2011-08-05 [28]
 Kazakhstan 13Baa2 Stable 2011-08-05 [28]
 Kuwait 19Aa2 Stable 2011-08-05 [28]
 Latvia 12Baa3 Positive 2011-08-05 [28]
 Lebanon 08B1 Stable 2011-08-05 [28]
 Lithuania 14Baa1 Stable 2011-08-05 [28]
 Luxembourg 21Aaa Negative watch 2012-07-23 [32]
 Macao 18Aa3 Stable 2011-08-05 [28]
 Malaysia 15A3 Stable 2011-08-05 [28]
 Malta 17A1 Stable 2011-08-05 [28]
 Mauritius 13Baa2 Stable 2011-08-05 [28]
 Mexico 13Baa2 Positive 2011-08-05 [28]
 Moldova 06B3 Stable 2011-08-05 [28]
 Mongolia 08B1 Stable 2011-08-05 [28]
 Montenegro 09Ba3 Stable 2011-08-05 [28]
 Morocco 11Ba1 Stable 2011-08-05 [28]
 Netherlands 21Aaa Negative watch 2012-07-23 [32]
 New Zealand 21Aaa Stable 2011-08-05 [28]
 Nicaragua 06B3 Stable 2011-08-05 [28]
 Norway 21Aaa Stable 2011-08-05 [28]
 Oman 17A1 Stable 2011-08-05 [28]
 Pakistan 05Caa1 Negative 2012-07-13 [28][35]
 Panama 13Baa2 Stable 2012-10-31 [28]
 Papua New Guinea 08B1 Stable 2011-08-05 [28]
 Paraguay 08B1 Stable 2011-08-05 [28]
 Peru 13Baa2 Positive 2012-08-16 [28]
 Philippines 11Ba1 Positive 2012-10-29 [28][36]
 Poland 16A2 Stable 2011-08-05 [28]
 Portugal 09Ba3 Negative 2012-02-13 [28]
 Qatar 19Aa2 Stable 2011-08-05 [28]
 Romania 12Baa3 Stable 2011-08-05 [28]
 Russia 14Baa1 Stable 2011-08-05 [28]
 Saudi Arabia 18Aa3 Stable 2011-08-05 [28]
 Senegal 08B1 Stable 2011-08-05 [28]
 Singapore 21Aaa Stable 2011-08-05 [28]
 Slovakia 17A1 Stable 2012-02-13 [28]
 Slovenia 11Ba1 Negative 2013-04-30 [28]
 South Africa 14Baa1 Stable 2011-08-05 [28]
 South Korea 17Aa3 Stable 2012-08-27 [28]
 Spain 12Baa3 Negative 2012-06-13 [28]
 Sri Lanka 08B1 Positive 2011-08-05 [28]
 St. Vincent & the Grenadines 08B1 Stable 2011-08-05 [28]
 Suriname 08B1 Stable 2011-08-05 [28]
 Sweden 21Aaa Stable 2011-08-05 [28]
 Switzerland 21Aaa Stable 2011-08-05 [28]
 Taiwan 18Aa3 Stable 2011-08-05 [28]
 Thailand 14Baa1 Stable 2011-08-05 [28]
 Trinidad and Tobago 14Baa1 Stable 2011-08-05 [28]
 Tunisia 12Baa3 Negative 2011-08-05 [28]
 Turkey 11Baa3 Stable 2013-05-16 [28]
 Ukraine 07B2 Stable 2011-08-05 [28]
 United Arab Emirates 19Aa2 Stable 2011-08-05 [28]
 United Kingdom 21Aa1 Stable 2013-02-22 [28]
 United States 21Aaa Negative 2011-08-05 [28]
 Uruguay 11Baa3 Positive 2012-07-31 [37]
 Venezuela 07B2 Stable 2011-08-05 [28]
 Vietnam 08B1 Negative 2011-08-05 [28]
Financial ratings of European States by Moody's in February 2013

Dagong [edit]

Dagong is a credit rating agency based in China. It is one of the few notable non-US based credit rating agencies.

Country Rating Outlook Date Ref.
 Algeria 10BBB- Stable 2013-02 [38]
 Argentina 03CCC Negative 2012-11 [38]
 Australia 18AA+ Stable 2012-08 [38]
 Austria 18AA+ Stable 2012-01 [38]
 Bahrain 13A- Stable 2012-08 [38]
 Bangladesh 07BB- Stable 2012-06 [38]
 Belarus 07BB- Stable 2012-04 [38]
 Belgium 15A+ Negative 2012-09 [39]
 Bolivia 10BBB- Stable 2013-05-15 [38]
 Botswana 14A Stable 2013-04-07 [38]
 Brazil 13A- Negative 2013-01 [38]
 Cambodia 05B Stable 2013-03-15 [38]
 Canada 18AA+ Stable 2012-11 [38]
 Cayman Islands 16AA- Stable 2012-02-21 [38]
 Chile 17AA Stable 2012-05 [38]
 China 19AAA Stable 2012-12 [38]
 Colombia 12BBB+ Stable 2012-03-31 [40]
 Croatia 10BBB- Negative 2012-04 [38]
 Czech Republic 15A+ Stable 2011-11-21 [38]
 Democratic Republic of Congo 03CCC Stable 2013-05-16 [38]
 Denmark 18AA+ Stable 2012-09 [38]
 Ecuador 04B- Stable 2012-12 [38]
 Egypt 06B+ Negative 2012-09 [38]
 Estonia 14A Stable 2012-12 [38]
 Ethiopia 03CCC Negative 2013-01 [38]
 Finland 19AAA Negative 2011-12 [38]
 France 15A+ Negative 2012-12 [38]
 Georgia 07BB- Stable 2012-06 [38]
 Germany 18AA+ Stable 2012-09 [38]
 Ghana 05B Stable 2013-04-24 [38]
 Greece 02CC Negative 2012-05-11 [38]
 Hong Kong 19AAA Stable 2012-11 [38]
 Hungary 10BBB- Negative 2013-02 [38]
 Iceland 07BB- Stable 2012-10 [38]
 India 12BBB+ Negative 2012-08 [38]
 Indonesia 10BBB- Stable 2013-01 [38]
 Ireland 11BBB Negative 2012-01 [38]
 Israel 13A- Stable 2012-12 [38]
 Italy 11BBB Negative 2013-01 [38]
 Japan 16AA- Stable 2011-06-02 [38]
 Jordan 04B- Stable 2013-05-15 [38]
 Kazakhstan 10BBB- Stable 2012-11 [38]
 Kenya 05B Negative 2012-09 [38]
 Kuwait 18AA Stable 2012-05 [38]
 Latvia 08BB Stable 2013-01 [38]
 Lithuania 10BBB- Negative 2012-06-14 [38]
 Luxembourg 19AAA Stable 2012-11 [38]
 Macao 18AA+ Stable 2012-09 [38]
 Madagascar 03CCC Stable 2012-05 [38]
 Malaysia 15A+ Stable 2012-12 [38]
 Malta 13A- Negative 2012-04 [38]
 Mauritius 11BBB Stable 2012-07 [38]
 Mexico 11BBB Stable 2012-09 [38]
 Micronesia 07BB- Stable 2013-02 [38]
 Mongolia 06BB- Stable 2012-11 [38]
 Morocco 11BBB Negative 2013-01 [38]
 Netherlands 18AA+ Stable 2011-06-02 [38]
 New Zealand 18AA Stable 2012-12 [38]
 Nigeria 09BB+ Stable 2012-11 [38]
 Norway 19AAA Stable 2012-08 [38]
 Oman 05B Stable 2012-04 [38]
 Pakistan 03CCC Negative 2012-09 [38]
 Panama 13A- Stable 2012-07 [38]
 Paraguay 06B+ Stable 2013-02 [38]
 Peru 12BBB+ Positive 2013-01 [38]
 Philippines 06BB- Stable 2012-10 [38]
 Poland 13A- Negative 2012-08 [41]
 Portugal 09BB+ Negative 2011-11-24 [38]
 Qatar 16 AA- Stable 2013-02 [38]
 Romania 08BB Negative 2011-10 [38]
 Russia 14A Stable 2012-10 [38]
 Saudi Arabia 17AA Stable 2012-09 [38]
 Serbia 07BB- Stable 2012-06 [38]
 Singapore 19AAA Stable 2012-12 [38]
 South Africa 14A Negative 2012-07 [38]
 South Korea 16AA- Stable 2013-01 [38]
 South Sudan 02CC Stable 2013-02 [38]
 Spain 14A Negative 2011-06-21 [38]
 Sri Lanka 06B+ Negative 2013-03-18 [38]
 Sudan 01C Stable 2013-02 [38]
 Suriname 09BB+ Stable 2013-05-20 [38]
 Sweden 18AA+ Stable 2013-01 [38]
 Switzerland 19AAA Stable 2012-12 [38]
 Taiwan 16AA- Stable 2013-03-06 [38]
 Thailand 11BBB Stable 2012-12 [38]
 Tunisia 09BB+ Negative 2013-01 [38]
 Turkey 07BB- Stable 2012-09 [38]
 Turkmenistan 12BBB+ Stable 2013-05-14 [38]
 United Kingdom 18AA+ Stable 2012-08 [38]
 United States 14A Negative 2012-12 [42]
 Ukraine 04B- Negative 2012-08 [38]
 United Arab Emirates 12BBB+ Stable 2012-11 [38]
 Uruguay 09BB+ Stable 2013-01 [38]
 Uzbekistan 11BBB 2013-03-27 [38]
 Venezuela 09BB+ Stable 2010-07-11 [38]
 Vietnam 06B+ Stable 2013-02-16 [38]
 Yemen 03CCC Negative 2013-05-23 [38]
Financial ratings of European States by Dagong Global Credit Rating in June 2012

JCR [edit]

Japan Credit Rating Agency, Ltd. (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.

Country Rating Outlook Date Ref.
 Australia 18AAA Stable 2012-07-02 [43]
 Belgium 15AAA Stable 2013-03-25 [43]
 Brazil 13BBB Stable 2012-11-15 [43]
 Canada 18AAA Stable 2012-09-04 [43]
 Czech Republic 15A Stable 2012-12-21 [43]
 Denmark 18AAA Stable 2013-02-14 [43]
 Finland 19AAA Stable 2013-04-19 [43]
 France 15AAA Stable 2013-04-26 [43]
 Germany 18AAA Stable 2013-02-28 [43]
 Hong Kong 19AA+ Stable 2012-09-05 [43]
 Hungary 10BBB Negative 2013-03-14 [43]
 India 11BBB+ Stable 2012-11-30 [43]
 Indonesia 10BBB- Stable 2012-11-13 [43]
 Italy 11AA- Negative 2013-04-10 [43]
 Japan 16AAA Stable 2013-03-15 [43]
 Malaysia 15A Stable 2012-10-19 [43]
 Mexico 15A- Stable 2012-12-21 [43]
 Netherlands 18AAA Stable 2012-10-04 [43]
 Norway 19AAA Stable 2012-08-02 [43]
 Philippines 06BBB Stable 2013-05-7 [43]
 Poland 13A Stable 2013-03-01 [43]
 Portugal 09A Negative 2013-03-15 [43]
 Romania 08BBB- Stable 2013-03-28 [43]
 Russia 14BBB+ Stable 2012-08-29 [43]
 Singapore 18AAA Stable 2012-02-01 [43]
 South Korea 16A+ Stable 2013-01-24 [43]
 Slovakia 13A+ Stable 2012-11-08 [43]
 Slovenia 13AA- Negative 2012-06-13 [43]
 Spain 14AA Negative 2013-04-12 [43]
 Thailand 11A- Stable 2013-04-02 [43]
 Turkey 07BBB- Stable 2013-05-23 [43]
 United Kingdom 15AAA Stable 2012-06-29 [43]
 United States 14AAA Stable 2012-03-09 [43]
Financial ratings of European States by JCR Credit Rating in April 2013

Not rated [edit]

UN member states that have not been assigned a credit rating by any of the five rating agencies.

Country Details
 Afghanistan
 Antigua and Barbuda
 Bhutan
 Brunei Darussalam
 Burundi
 Central African Republic
 Chad
 Comoros
 Congo
 Cote d'Ivoire
 Djibouti
 Dominica
 Equatorial Guinea
 Eritrea
 Gambia Fitch suspended Gambia’s credit rating after its only traded international bond expired[44]
 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.[45]
 Iraq
 Kiribati
 Kyrgyzstan
 Laos
 Liberia
 Libya Fitch has withdrawn all ratings for Libya because it doesn't have enough information to maintain coverage of the issuer.[46]
 Malawi
 Maldives
 Mali Mali was given a credit rating in 2004 as part of a UN development initiative,[47] but the rating was later withdrawn.[48]
 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
 Swaziland
 Syria
 Tajikistan
 Tanzania
 Timor Leste
 Togo
 Tonga
 Tuvalu
 Vanuatu
 Zimbabwe

See also [edit]

References [edit]

  1. ^ "S&P | Ratings Credit Ratings Definitions & FAQs | Americas". Standardandpoors.com. Retrieved 2013-02-25. 
  2. ^ 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 aj ak al am an ao ap aq ar as at au av aw ax ay az ba bb bc bd be bf bg bh bi bj bk bl bm bn bo bp bq br bs bt bu bv bw bx by bz ca cb cc cd ce cf cg ch ci cj ck cl cm cn co cp cq cr cs ct cu cv cw cx cy cz da db dc dd de df dg dh di dj dk dl dm dn do dp dq dr ds dt du dv "Sovereigns Ratings List | Standard & Poor's". Standardandpoors.com. Retrieved 2013-02-25. 
  3. ^ 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 aj ak al am an ao ap aq ar as at au av aw ax ay az ba bb bc bd be bf bg bh bi bj bk bl bm bn bo bp bq br bs bt bu bv bw bx by bz ca cb cc cd ce cf cg ch ci cj ck cl cm cn co cp cq cr cs ct cu cv cw cx cy cz da db dc dd de df dg dh di dj dk dl dm dn do dp "Sovereign Ratings And Country T&C Assessments As Of Nov. 29, 2011". 204.8.132.217. Retrieved 2013-02-25. 
  4. ^ "Standard Poor's recortó la nota de la deuda argentina tras los fallos en EEUU y Ghana". Lanacion.com.ar. Retrieved 2013-02-25. 
  5. ^ S&P cuts Cyprus rating one notch to 'CCC' EUbusiness. 21 March 2013. Accessed 21 March 2013
  6. ^ http://www.standardandpoors.com/ratings/articles/en/us/?articleType=HTML&assetID=1245342308549
  7. ^ Standards and Poor’s downgrades Grenada's credit rating Jamaica Gleaner. March 13, 2013. Accessed March 21, 2013
  8. ^ "India gets a bad appraisal: S&P revises outlook to ‘negative' - The Times of India". The Times Of India. 
  9. ^ S&P removes Jamaica from 'default' after debt swap Business Recorder. 07 March 2013. Accessed 22 March 2013
  10. ^ http://www.fxstreet.com/news/forex-news/article.aspx?storyid=1b809fdf-611f-43ca-9d69-15b18975ed4d FXStreet.com January 16, 2013. Accessed March 22, 2013
  11. ^ Interaksyon. "S&P upgrades Philippines to investment grade status". Retrieved 2 May 2013. 
  12. ^ GMA News Online. "Stable prices, declining foreign debt earn PHL investment grade from S&P". Retrieved 2 May 2013. 
  13. ^ S&P Downgrades Slovenia´s Rating to A- The Slovenia Times 13 February 2013. Accessed 22 March 2013
  14. ^ "Ratings for Swedish debt". Retrieved 26 February 2013. 
  15. ^ "S&P | Ratings Sovereigns Ratings List | Americas". Standard & Poor's. Retrieved August 7, 2011. 
  16. ^ Reference for the United States: "United States of America Long-Term Rating Lowered To 'AA+' On Political Risks And Rising Debt Burden; Outlook Negative". Standard & Poor's. Retrieved August 5, 2011. 
  17. ^ "Fitch Ratings — Definitions of Ratings and Other Forms of Opinion" (PDF). Retrieved 2013-02-25. 
  18. ^ 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 aj ak al am an ao ap aq ar as at au av aw ax ay az ba bb bc bd be bf bg bh bi bj bk bl bm bn bo bp bq br bs bt bu bv bw bx by bz ca cb cc cd ce cf cg ch ci cj ck cl cm cn co cp cq cr cs ct cu cv "Fitch - Complete Sovereign Rating History". Retrieved 2013-02-25. 
  19. ^ "Argentina Rating Downgraded by Fitch on ‘Probable’ Default". Businessweek. 2012-11-27. Retrieved 2013-02-25. 
  20. ^ "TEXT:Fitch Upgrades Australia's Foreign-Currency IDR to 'AAA'". Reuters. Retrieved 2013-02-25. 
  21. ^ Iqbal, Muhammad (2012-11-14). "Fitch raises Latvia one notch to BBB, outlook positive". Brecorder.com. Retrieved 2013-02-25. 
  22. ^ "A first: Investment grade rating for PH". Reuters.com. Retrieved 2013-03-27. 
  23. ^ Bugge, Axel. "Reuters Nov 24, 2011: "Fitch cuts Portugal rating on high debts, worse outlook"". Reuters.com. Retrieved 2013-02-25. 
  24. ^ "Fitch Affirms Russia at 'BBB'; Stable Outlook". Cbonds.info. Retrieved 2013-02-25. 
  25. ^ Kim, Cynthia (2012-09-06). "South Korea Rating Raised by Fitch on Nation’s Stability". Bloomberg. Retrieved 2013-02-25. 
  26. ^ "Fitch strips Britain of triple-A credit rating". Reuters. Retrieved 2013-04-19. 
  27. ^ "investment grade : defined at Finance Glossary". Finance-glossary.com. Retrieved 2013-02-25. 
  28. ^ 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 aj ak al am an ao ap aq ar as at au av aw ax ay az ba bb bc bd be bf bg bh bi bj bk bl bm bn bo bp bq br bs bt bu bv bw bx by bz ca cb cc cd ce cf cg ch ci cj ck cl cm cn co cp cq cr cs ct cu cv cw cx cy cz da db dc dd Moody's — Sovereign Ratings Summary; Sovereign and supranational issuer ratings summary
  29. ^ Bases, Daniel (3 April 2012). "Moody's cuts Bosnia rating one notch to B3". Reuters. 
  30. ^ "Moody's downgrades Cyprus's government bond ratings to B3 from Ba3, negative outlook". Moodys.com. Retrieved 2013-02-25. 
  31. ^ Moody's Downgrades Egypt's Credit Rating March 21, 2013. Accessed March 21, 2013
  32. ^ a b c "Germany's AAA credit rating on 'negative outlook'". BBC News. 2012-07-24. 
  33. ^ Simon, Zoltan. "Hungary Debt-Grade Cut to Junk Boosts Need for IMF as Rate Pressure Rises". Bloomberg.com. Retrieved 2013-02-25. 
  34. ^ "Moody's downgrades Italy's government bond rating to Baa2 from A3, maintains negative outlook". Moodys.com. 2012-07-13. Retrieved 2013-02-25. 
  35. ^ "Moody's downgrades Pakistan's government bond ratings to Caa1, outlook negative". Moody's Investors Service. 
  36. ^ "Moody's upgrades PH ratings". Rappler. 
  37. ^ "Moody's sube la calificacion soberana de Uruguay a Baa3 de Ba1; perspectiva se mantiene positiva". Moodys.com. 2012-07-31. Retrieved 2013-02-25. 
  38. ^ 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 aj ak al am an ao ap aq ar as at au av aw ax ay az ba bb bc bd be bf bg bh bi bj bk bl bm bn bo bp bq br bs bt bu bv bw bx by bz ca cb cc cd ce cf cg ch ci cj ck cl cm cn co http://en.dagongcredit.com/ratingAnnouncement/countryList.html
  39. ^ Dagong downgrades ... outlook of Belgium[dead link]
  40. ^ "Dagong gives BBB+ sovereign credit rating to Colombia". News.xinhuanet.com. 2012-03-31. Retrieved 2013-02-25. 
  41. ^ Dagong Changes Its Outlook on the Sovereign Credit Rating of Poland to Negative[dead link]
  42. ^ Announcement on Dagong Downgrading the Credit Rating of the USA[dead link]
  43. ^ 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 http://www.jcr.co.jp/english/rat_sove/rat_list.php
  44. ^ Country Brief - Gambia
  45. ^ Cbonds.Info - Fitch (UK) Withdraws Iran's Ratings
  46. ^ Fitch Downgrades, Withdraws Libya's Credit Rating - FoxBusiness.com
  47. ^ "Mali given credit rating under UN development initiative". Un.org. 2004-05-06. Retrieved 2013-02-25. 
  48. ^ "Fitch withdraws Mali's ratings". Af.reuters.com. 2009-12-04. Retrieved 2013-02-25. 

External links [edit]