List of countries by credit rating
This is a list of countries by credit rating , showing long-term foreign currency credit ratings for sovereign bonds as reported by the largest three major credit rating agencies: Standard & Poor's , Fitch , and Moody's . The list also includes all administrative divisions not issuing sovereign bonds, but it excludes regions, provinces and municipalities issuing sub-sovereign bonds .
Standard & Poor's
Map of S&P's sovereign long-term foreign credit ratings as of March 2024.Legend: AAA AA+ AA AA- A+ A A- BBB+ BBB BBB- BB+ BB BB- B+ B B- CCC+ CCC CCC- SD/D
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. An SD rating indicates that the country has selectively defaulted on some outstanding obligations[1] [2]
Fitch
Map of Fitch's sovereign long-term foreign credit ratings.Legend: AAA AA+ AA AA- A+ A A- BBB+ BBB BBB- BB+ BB BB- B+ B B- CCC+ CCC CCC- RD
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.[102] 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'.[103]
Moody's
Map of Moody's sovereign long-term foreign credit ratings. Legend: Aaa Aa1 Aa2 Aa3 A1 A2 A3 Baa1 Baa2 Baa3 Ba1 Ba2 Ba3 B1 B2 B3 Caa1 Caa2 Caa3 Ca C
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.[230]
Others
DBRS Morningstar
For DBRS Morningstar ,[367] 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[368] – 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 [369] (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.
China Chengxin
China Chengxin Credit Rating Group [370] is a credit rating agency based in China .
Unrated
References
^ "S&P Global Ratings Definitions" .
^ "S&P | Ratings Credit Ratings Definitions & FAQs | Americas" . Standardandpoors.com. Archived from the original on 5 March 2013. Retrieved 25 February 2013 .
^ Sadain Gardazi, Syed (May 30, 2023). "S&P Global Affirms Abu Dhabi's Credit Ratings At 'AA', Terms Outlook Stable" . Forbes Middle East .
^ "Rating: Albania Credit Rating" . countryeconomy.com .
^ "Rating: Andorra Credit Rating" . countryeconomy.com .
^ "Rating: Angola Credit Rating" . countryeconomy.com .
^ "Argentina Long-Term Ratings Raised To 'CCC' As Debt Exchange Is Finalized; Outlook Stable" . disclosure.spglobal.com .
^ "Rating: Armenia Credit Rating" . countryeconomy.com .
^ "Aruba rating downgraded to BBB by S&P, outlook stable" . EconomyNext . 15 March 2021. Retrieved 2 April 2021 .
^ "Rating: Australia Credit Rating 2021" . countryeconomy.com .
^ 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 Standard & Poor's (2023-03-15). "Sovereign Ratings List" .
^ "Rating: Azerbaijan Credit Rating 2021" . countryeconomy.com .
^ "Rating: Bahamas Credit Rating" . countryeconomy.com .
^ "Rating: Bahrain Credit Rating" . countryeconomy.com .
^ "Rating: Barbados Credit Rating" . countryeconomy.com .
^ "Rating: Belize Credit Rating" . countryeconomy.com .
^ Standard & Poor's (2023-10-20). "Benin Outlook Revised To Positive From Stable On Improving Economic Prospects; 'B+/B' Ratings Affirmed" . S&P Global .
^ "Rating: Bolivia Credit Rating" . countryeconomy.com .
^ "Rating: Bosnia and Herzegovina Credit Rating" . countryeconomy.com .
^ "Rating: Botswana Credit Rating" . countryeconomy.com .
^ a b c d e f g Sifon-arevalo, Roberto (31 Jan 2024). "Sovereign Ratings List" . www.spglobal.com . S&P Global Ratings. Retrieved 4 March 2024 .
^ "Rating: Bulgaria Credit Rating" . countryeconomy.com .
^ "Rating: Burkina Faso Credit Rating" . countryeconomy.com .
^ "Rating: Cameroon Credit Rating" . countryeconomy.com .
^ "Rating: Chile Credit Rating" . countryeconomy.com .
^ Standard & Poor's. "Sovereign ratings wrap: S&P affirms China at A+; Fitch downgrades Suriname" . S&P Global .
^ "Rating: Costa Rica Credit Rating" . countryeconomy.com .
^ "Rating: Ivory Coast Credit Rating" . countryeconomy.com .
^ Hina (16 September 2023). "S&P revises Croatia's outlook to positive" . n1info.hr . Archived from the original on 2 October 2023.
^ Standard & Poor's. "Research Update: Curacao Sovereign Ratings Affirmed At 'BBB-/A-3'; Outlook Remains Stable" . S&P Global .
^ "Rating: Democratic Republic of the Congo Credit Rating" . countryeconomy.com .
^ "Rating: Dominican Republic Credit Rating" . countryeconomy.com .
^ "Rating: Egypt Credit Rating" . countryeconomy.com .
^ "Rating: El Salvador Credit Rating" . countryeconomy.com .
^ Standard & Poor's. "Ethiopia Foreign Currency Ratings Lowered To 'SD' On Suspended Eurobond Coupon Payments" . S&P Global .
^ "Rating: Fiji Credit Rating" . countryeconomy.com .
^ "Ratings agency S&P downgrades French credit score from AA to AA-" . france24.com .
^ "Rating: Georgia Credit Rating" . countryeconomy.com .
^ "Rating: Ghana Credit Rating" . countryeconomy.com .
^ "S&P revises Greece's outlook to 'positive' on debt reduction" . www.ekathimerini.com . 20 April 2024.
^ "Rating: Guatemala Credit Rating" . countryeconomy.com .
^ "S&P Global has downgraded the States of Guernsey's credit rating from 'AA-/A-1 +' to 'A+/A- 1' " . gov.gg . 2023-01-14.
^ "S&P Strips Hong Kong of AAA Rating After China Downgrade" . Bloomberg . 22 September 2017.
^ "Rating: Hungary Credit Rating" . countryeconomy.com .
^ "Iceland Ratings Raised To 'A+ ' On Strong Growth and Fiscal Consolidation; Outlook Stable" .
^ "S&P upgrades outlook on India's sovereign rating to 'positive' " . reuters.com .
^ "Indonesia Credit Rating" . World Government Bonds . Retrieved 2020-05-19 .
^ "S&P Maintains Iraq's Credit Rating" . Iraq Business News . 2023-02-17.
^ "Rating: Ireland Credit Rating" . countryeconomy.com .
^ "Israel Long-Term Ratings Lowered To 'A+' From 'AA-' On Heightened Geopolitical Risk; Outlook Negative" . spglobal.com .
^ "Rating: Italy Credit Rating" . countryeconomy.com .
^ "S&P upgrades Jamaica's credit rating to 'BB-' " . radiojamaicanewsonline.com .
^ "Rating: Japan Credit Rating" . countryeconomy.com .
^ "Jersey's credit rating confirmed by Standard and Poor's" . gov.je . 2021-01-16.
^ "Rating: Jordan Credit Rating" . countryeconomy.com .
^ "Rating: Kazakhstan Credit Rating" . countryeconomy.com .
^ "Rating: Kenya Credit Rating" . countryeconomy.com .
^ "Rating: Kuwait Credit Rating" . countryeconomy.com .
^ "Rating: Latvia Credit Rating" . countryeconomy.com .
^ "Rating: Lebanon Credit Rating" . countryeconomy.com .
^ "Rating: Lithuania Credit Rating" . countryeconomy.com .
^ "S&P Global Ratings affirms Madagascar at "B-" (Foreign Currency LT credit rating); outlook stable" . Cbonds . 2023-10-09.
^ "Rating: Malaysia Credit Rating" . countryeconomy.com .
^ "Rating: Malta Credit Rating" . countryeconomy.com .
^ "Rating: Mauritius Credit Rating" . countryeconomy.com .
^ "Rating: Mongolia Credit Rating" . countryeconomy.com .
^ "Rating: Montenegro Credit Rating" . countryeconomy.com .
^ "Rating: Morocco Credit Rating" . countryeconomy.com .
^ "Rating: Mozambique Credit Rating" . countryeconomy.com .
^ "S&P Global Ratings raises New Zealand's credit rating to AA+" . Radio New Zealand - RNZ . 22 February 2021.
^ "Rating: Nigeria Credit Rating" . countryeconomy.com .
^ "Rating: Norway Credit Rating" . countryeconomy.com .
^ "S&P Global lowers Pakistan's rating to 'CCC+/C' " . The Express Tribune . 22 December 2022.
^ "Fitch Downgrades Panama to 'BB+'; Outlook Stable" . www.fitchratings.com .
^ "Rating: Peru Credit Rating" . countryeconomy.com .
^ "PH bags rating upgrade from S&P" . CNN Philippines . Archived from the original on 2023-10-26. Retrieved 2019-04-30 .
^ "Portugal Upgraded To 'A-' On Ongoing Steep External And Government Deleveraging; Outlook Positive" . disclosure.spglobal.com . Retrieved 2024-03-01 .
^ "Rating: Qatar Credit Rating" . countryeconomy.com .
^ "S&P Global Ratings revises Ras Al Khaimah's outlook to 'positive' " . Khaleej Times . 2023-10-16.
^ "Rating: Rwanda Credit Rating" . countryeconomy.com .
^ "St Helena's Investment Grade Credit Rating Affirmed" . Saint Helena Government . 2023-04-05.
^ "Rating: Saudi Arabia Credit Rating" . countryeconomy.com .
^ "Rating: Senegal Credit Rating" . countryeconomy.com .
^ "Rating: Serbia Credit Rating" . countryeconomy.com .
^ Standard & Poor's. "Emirate of Sharjah 'BBB-/A-3' Ratings Affirmed; Outlook Stable" . S&P Global .
^ "Rating: Singapore Credit Rating" . countryeconomy.com .
^ "Rating: Slovakia Credit Rating" . countryeconomy.com .
^ "Slovenia Upgraded from A+ to AA- by S&P" . Total Slovenia News . 2019-06-17.
^ "Rating: South Africa Credit Rating" . countryeconomy.com .
^ "South Korea's Credit Rating Raised One Level to AA by S&P" . Bloomberg . 8 August 2016.
^ "S&P cuts Sri Lanka to 'selective default' on missed payments" . Reuters . Retrieved 25 April 2022 .
^ "Rating: Taiwan Credit Rating" . countryeconomy.com .
^ Standard & Poor's. "Tajikistan 'B-/B' Ratings Affirmed; Outlook Stable" . S&P Global .
^ "Rating: Thailand Credit Rating" . countryeconomy.com .
^ Standard & Poor's. "Togo 'B/B' Ratings Affirmed; Outlook Stable" . S&P Global .
^ "Rating: Trinidad and Tobago Credit Rating" . countryeconomy.com .
^ "Rating: Turkey Credit Rating" . countryeconomy.com .
^ "Turks & Caicos Islands retains it BBB+ credit rating from Standard & Poors" . The Sun Turks and Caicos Islands . 2022-06-27.
^ "Rating: Gabon Credit Rating" . countryeconomy.com .
^ Standard & Poor's (2023-04-26). "Research Update: Uruguay Long-Term Ratings Raised To 'BBB+' On Stronger Fiscal Policy; Outlook Stable" . S&P Global .
^ "Rating: Uzbekistan Credit Rating" . countryeconomy.com .
^ "Fitch Ratings — Definitions of Ratings and Other Forms of Opinion" (PDF) . Retrieved 2013-02-25 .
^ "Rating Definitions" . fitchratings.com . Fitch Ratings . Retrieved 26 December 2020 .
^ Fitch Ratings. "Fitch Affirms Abu Dhabi at 'AA'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Andorra at 'A-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Angola at 'B-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Upgrades Argentina's FC IDR to 'CC'; Affirms LC IDR at 'CCC-' " .
^ Fitch Ratings. "Fitch Upgrades Armenia to 'BB-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Upgrades Aruba to 'BB+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Australia at 'AAA'; Outlook Stable" .
^ Fitch Ratings. "Fitch Revises Austria's Outlook to Stable; Affirms IDR at 'AA+' " .
^ Fitch Ratings. "Fitch Affirms Azerbaijan at 'BB+'; Outlook Positive" .
^ Fitch Ratings. "Fitch Affirms Bahrain at 'B+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Revises Outlook on Bangladesh to Negative; Affirms at 'BB-' " .
^ Fitch Ratings. "Fitch Revises Barbados' Outlook to Positive; Affirms at 'B' " .
^ Fitch Ratings. "Fitch Withdraws Belarus's Ratings" .
^ Fitch Ratings. "Fitch Affirms Belgium at 'AA-'; Outlook Negative" .
^ Fitch Ratings. "Fitch Affirms Benin at 'B+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Downgrades Bolivia to 'CCC' " .
^ Fitch Ratings. "Fitch Upgrades Brazil to 'BB'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Bulgaria at 'BBB'; Outlook Positive" .
^ Fitch Ratings. "Fitch Affirms Cabo Verde at 'B-'; Outlook Positive" .
^ Fitch Ratings. "Fitch Revises Cameroon's Outlook to Negative; Affirms at 'B' " .
^ Fitch Ratings. "Fitch Affirms Canada at 'AA+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Chile at 'A-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms China at 'A+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Colombia's 'BB+' Rating; Outlook Stable" .
^ Fitch Ratings. "Fitch Upgrades Costa Rica to 'BB-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Cote d'Ivoire at 'BB-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Revises Croatia's Outlook to Positive; Affirms at 'BBB+' " .
^ "Fitch Upgrades Cyprus to 'BBB+'; Outlook Positive" . Fitch Ratings . 7 June 2024. Retrieved 2024-06-08 .
^ Fitch Ratings. "Fitch Affirms Czech Republic at 'AA-'; Outlook Negative" .
^ Fitch Ratings. "Fitch Affirms Denmark at 'AAA'; Outlook Stable" .
^ Fitch Ratings. "Fitch Revises Dominican Republic's Outlook to Positive; Affirms at 'BB-' " .
^ Fitch Ratings. "Fitch Downgrades Ecuador's Long-Term IDR to 'CCC+' " .
^ Fitch Ratings. "Fitch Downgrades Egypt to 'B-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Takes Rating Actions on El Salvador Following Local Law Securities Debt Exchange" .
^ Fitch Ratings. "Fitch Downgrades Estonia to 'A+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Downgrades Ethiopia's LTFC IDR to 'RD' " .
^ Fitch Ratings. "Fitch Affirms European Union and Euratom at 'AAA'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Finland at 'AA+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms France at 'AA-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Gabon at 'B-'; Removes Rating Watch Negative; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Georgia at 'BB'; Outlook positive" .
^ Fitch Ratings. "Fitch Affirms Germany at 'AAA'; Outlook Stable" .
^ Fitch Ratings. "Fitch Upgrades Ghana's Long-Term Local-Currency IDR to 'CCC' " .
^ Fitch Ratings. "Fitch Upgrades Greece to 'BBB-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Upgrades Guatemala to 'BB'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Honduras's AMDC, Tegucigalpa at 'B'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Hong Kong at 'AA-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Hungary at 'BBB'; Outlook Negative" .
^ Fitch Ratings. "Fitch Affirms Iceland at 'A'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms India at 'BBB-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Indonesia at 'BBB'; Outlook Stable" . www.fitchratings.com . Retrieved 2024-03-21 .
^ Fitch Ratings. "Fitch Affirms Iraq at 'B-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Upgrades Ireland to 'AA'; Outlook Stable" .
^ Fitch Ratings. "Fitch Places Israel's 'A+' IDRs on Rating Watch Negative" .
^ Fitch Ratings. "Fitch Affirms Italy at 'BBB'; Outlook Stable" .
^ Fitch Ratings. "Fitch Revises Jamaica's Outlook to Positive; Affirms at 'B+' " .
^ Fitch Ratings. "Fitch Affirms Japan at 'A'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Jordan at 'BB-', Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Kazakhstan at 'BBB'; Outlook Stable" .
^ Fitch Ratings. "Fitch Revises Kenya's Outlook to Negative; Affirms at 'B' " .
^ Fitch Ratings. "Fitch Assigns Kosovo 'BB-' IDR; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Kuwait at 'AA-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Laos at 'CCC-', Withdraws Ratings" .
^ Fitch Ratings. "Fitch Revises Latvia's Outlook to Positive; Affirms at 'A-' " .
^ Fitch Ratings. "Fitch Affirms Lebanon's LTFC IDR at 'RD', Downgrades LC IDRs to 'RD' " .
^ Fitch Ratings. "Fitch Affirms Lesotho at 'B'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Lithuania at 'A'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Luxembourg at 'AAA'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Macao at 'AA'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Malaysia at 'BBB+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Maldives at 'B-'; Outlook Negative" .
^ Fitch Ratings. "Fitch Affirms Malta at 'A+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Mexico at 'BBB-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Mongolia at 'B'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Morocco at 'BB+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Mozambique at 'CCC+' " .
^ Fitch Ratings. "Fitch Affirms Namibia at 'BB-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms the Netherlands at 'AAA'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms New Zealand at 'AA+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Nicaragua at 'B-'; Revises Outlook to Positive" .
^ Fitch Ratings. "Fitch Affirms Nigeria at 'B-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms North Macedonia at 'BB+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Norway at 'AAA'; Outlook Stable" .
^ Fitch Ratings. "Fitch Upgrades Oman to 'BB+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Pakistan at 'CCC' " .
^ Fitch Ratings. "Fitch Revises Panama's Outlook to Negative; Affirms IDR at 'BBB-' " .
^ Fitch Ratings. "Fitch Affirms Paraguay at 'BB+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Peru at 'BBB'; Outlook Negative" .
^ Fitch Ratings. "Fitch Affirms Philippines at 'BBB'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Poland at 'A-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Upgrades Portugal to 'A-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Upgrades Qatar to 'AA'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Ras Al Khaimah at 'A'; Outlook Positive" .
^ Fitch Ratings. "Fitch Affirms Congo at 'CCC+' " .
^ Fitch Ratings. "Fitch Affirms Romania at 'BBB-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Withdraws Russia's Ratings" .
^ Fitch Ratings. "Fitch Revises Rwanda's Outlook to Stable; Affirms at 'B+' " .
^ Fitch Ratings. "Fitch Revises San Marino's Outlook to Positive; Affirms at 'BB' " .
^ Fitch Ratings. "Fitch Upgrades Saudi Arabia to 'A+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Upgrades Serbia to 'BB+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Seychelles at 'BB-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Singapore at 'AAA'; Outlook Stable" .
^ "Fitch Downgrades Slovakia to 'A-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Slovenia at 'A'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms South Africa at 'BB-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Korea at 'AA-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Spain at 'A-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Upgrades Sri Lanka's Long-Term Local-Currency IDR to 'CCC-' " .
^ Fitch Ratings. "Fitch Affirms Suriname at 'RD', Withdraws Ratings" .
^ Fitch Ratings. "Fitch Affirms Sweden at 'AAA'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Switzerland at 'AAA'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Taiwan at 'AA'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Tanzania at 'B+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Thailand at 'BBB+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Tunisia at 'CCC-' " .
^ Fitch Ratings. "Fitch Upgrades Turkiye to 'B+'; Outlook Positive" .
^ Fitch Ratings. "Fitch Affirms Turkmenistan at 'B+'; Outlook Positive" .
^ Fitch Ratings. "Fitch Affirms Uganda at 'B+'; Outlook Negative" .
^ Fitch Ratings. "Fitch Affirms Ukraine at 'CC' " .
^ Fitch Ratings. "Fitch Affirms the United Arab Emirates at 'AA-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms United Kingdom at 'AA-'; Outlook Negative" .
^ Fitch Ratings. "Fitch Downgrades the United States' Long-Term Ratings to 'AA+' from 'AAA'; Outlook Stable" .
^ Fitch Ratings. "Fitch Upgrades Uruguay to 'BBB'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Uzbekistan at 'BB-'; Outlook Stable" .
^ Fitch Ratings. "Fitch Upgrades Vietnam to 'BB+'; Outlook Stable" .
^ Fitch Ratings. "Fitch Affirms Zambia's LTFC IDR at 'RD'; Upgrades LTLC IDR to 'CCC+' " .
^ "investment grade : defined at Finance Glossary" . Finance-glossary.com. Archived from the original on 2012-11-05. Retrieved 2013-02-25 .
^ Moody's Investors Service. "Moody's affirms Angola's ratings at B3, maintains positive outlook" .
^ Moody's Investors Service. "Moody's affirms the B1 ratings of Albania; maintains stable outlook" .
^ Moody's Investors Service. "Moody's affirms Argentina's Ca ratings; outlook stable" .
^ Moody's Investors Service. "Moody's changes Armenia's outlook to stable from negative; affirms Ba3 rating" .
^ Moody's Investors Service. "Moody's affirms Australia's Aaa rating, maintains stable outlook" .
^ Moody's Investors Service. "Moody's affirms Austria's Aa1 ratings; outlook remains stable" .
^ Moody's Investors Service. "Moody's upgrades Azerbaijan's ratings to Ba1, outlook changed to stable" .
^ Moody's Investors Service. "Moody's downgrades The Bahamas' ratings to B1, changes outlook to stable" .
^ Moody's Investors Service. "Moody's changes Bahrain's outlook to stable, affirms B2 ratings" .
^ Moody's Investors Service. "Moody's downgrades Bangladesh's ratings to B1, outlook stable" .
^ Moody's Investors Service. "Moody's upgrades Barbados' ratings to B3 from Caa1; maintains a stable outlook" .
^ Moody's Investors Service. "Moody's downgrades Belarus' ratings to C with a stable outlook" .
^ Moody's Investors Service. "Moody's affirms Belgium's Aa3 ratings; maintains stable outlook" .
^ Moody's Investors Service. "Moody's upgrades Belize's ratings to Caa2 from Caa3, maintains stable outlook" .
^ Moody's Investors Service. "Moody's affirms the B1 ratings of Benin; maintains stable outlook" .
^ Moody's Investors Service. "Moody's affirms Bermuda's A2 ratings; maintains stable outlook" .
^ Moody's Investors Service. "Moody's confirms Bolivia's ratings at Caa1, changes outlook to negative" .
^ Moody's Investors Service. "Moody's affirms Bosnia and Herzegovina's B3 ratings; outlook stable" .
^ Moody's Investors Service. "Moody's affirms Botswana's A3 ratings and maintains stable outlook" .
^ Moody's Investors Service. "Moody's affirms Brazil's Ba2 ratings; maintains stable outlook" .
^ Moody's Investors Service. "Moody's affirms Bulgaria's Baa1 ratings, maintains stable outlook" .
^ Moody's Investors Service. "Moody's changes Cambodia's outlook to negative, B2 ratings affirmed" .
^ Moody's Investors Service. "Moody's downgrades Cameroon's rating to Caa1 from B2; maintains stable outlook" .
^ Moody's Investors Service. "Moody's affirms Canada's Aaa rating; maintains stable outlook" .
^ Moody's Investors Service. "Moody's affirms Cayman Islands' Aa3 ratings, maintains stable outlook" .
^ Moody's Investors Service. "Moody's downgrades Chile's ratings to A2, changes outlook to stable from negative" .
^ Moody's Investors Service. "Moody's affirms China's A1 rating, changes outlook to negative from stable" .
^ Moody's Investors Service. "Moody's affirms Colombia's Baa2 ratings; maintains stable outlook" .
^ Moody's Investors Service. "Moody's affirms the Republic of the Congo's Caa2 ratings and maintains stable outlook" .
^ Moody's Investors Service. "Moody's upgrades Costa Rica's ratings to B1; changes outlook to positive from stable" .
^ Moody's Investors Service. "Moody's affirms Côte d'Ivoire's Ba3 rating; changes outlook to positive from stable" .
^ Moody's Investors Service. "Moody's affirms Croatia's Baa2 ratings, changes outlook to positive from stable" .
^ Moody's Investors Service. "Moody's withdraws Cuba's ratings due to lack of sufficient information" .
^ Moody's Investors Service. "Moody's upgrades Cyprus' ratings to Baa2 and changes outlook to stable" .
^ Moody's Investors Service. "Moody's changes Czech Republic's outlook to stable from negative, affirms Aa3 ratings" .
^ Moody's Investors Service. "Moody's affirms the Aaa ratings of Denmark; maintains stable outlook" .
^ Moody's Investors Service. "Moody's changes outlook on Dominican Republic's ratings to positive, affirms Ba3 ratings" .
^ Moody's Investors Service. "Moody's upgrades the Democratic Republic of the Congo's ratings to B3 from Caa1, outlook stable" .
^ Moody's Investors Service. "Moody's affirms Ecuador's Caa3 rating; maintains stable outlook" .
^ Moody's Investors Service. "Moody's changes outlook on Egypt to negative, affirms Caa1 ratings" .
^ Moody's Investors Service. "Moody's affirms El Salvador's Caa3 ratings; outlook changed to stable" .
^ Moody's Investors Service. "Moody's affirms Estonia's A1 ratings, maintains stable outlook" .
^ Moody's Investors Service. "Moody's changes eSwatini's outlook to positive from stable, affirms B3 rating" .
^ Moody's Investors Service. "Moody's downgrades Ethiopia's foreign currency rating to Caa3, affirms its local currency rating at Caa2 and changes outlook to stable" .
^ Moody's Investors Service. "Moody's changes Fiji's outlook to stable from negative; affirms B1 rating" .
^ Moody's Investors Service. "Moody's affirms Finland's Aa1 ratings; outlook remains stable" .
^ Moody's Investors Service. "Moody's affirms France's Aa2 ratings; outlook remains stable" .
^ Moody's Investors Service. "Moody's changes the outlook on Gabon to negative; affirms Caa1 rating" .
^ Moody's Investors Service. "Moody's changes the outlook on Georgia's rating to negative; affirms Ba2 rating" .
^ Moody's Investors Service. "Moody's affirms Germany's Aaa ratings; outlook remains stable" .
^ Moody's Investors Service. "Moody's upgrades Ghana's local currency ratings to Caa3 from Ca, maintains stable outlook" .
^ Moody's Investors Service. "Moody's upgrades Greece's ratings to Ba1, outlook stable" .
^ Moody's Investors Service. "Moody's affirms Guatemala's Ba1 ratings; changes outlook to stable from negative" .
^ Moody's Investors Service. "Moody's affirms Honduras' B1 ratings; maintains stable outlook" .
^ Moody's Investors Service. "Moody's affirms Hong Kong SAR's Aa3 rating, changes outlook to negative from stable" .
^ Moody's Investors Service. "Moody's affirms the Baa2 ratings of Hungary; maintains stable outlook" .
^ Moody's Investors Service. "Moody's changes outlook on Iceland's ratings to positive, affirms A2 ratings" .
^ Moody's Investors Service. "Moody's affirms India's Baa3 ratings; outlook stable" .
^ Moody's Investors Service. "Moody's assigns Baa2 ratings to Indonesia's dollar denominated bonds" .
^ Moody's Investors Service. "Moody's affirms Iraq's Caa1 ratings, maintains stable outlook" .
^ Moody's Investors Service. "Moody's upgrades Ireland's ratings to Aa3, outlook stable" .
^ Moody's Investors Service. "Moody's changes the outlook on the Isle of Man to stable from negative, affirms Aa3 ratings" .
^ Moody's Investors Service. "Moody's places Israel's A1 ratings on review for downgrade" .
^ Moody's Investors Service. "Moody's affirms Italy's ratings at Baa3, changes the outlook to stable from negative" .
^ Moody's Investors Service. "Moody's upgrades Jamaica's government ratings to B1 and changes outlook to positive from stable" .
^ Moody's Investors Service. "Moody's affirms Japan's A1 ratings; maintains stable outlook" .
^ Moody's Investors Service. "Moody's changes outlook on Jordan's rating to positive from stable; affirms B1 rating" .
^ Moody's Investors Service. "Moody's changes Kazakhstan's outlook to positive from stable, affirms Baa2 rating" .
^ Moody's Investors Service. "Moody's confirms Kenya's ratings at B3, changes outlook to negative" .
^ Moody's Investors Service. "Moody's affirms Kuwait's A1 rating; maintains stable outlook" .
^ Moody's Investors Service. "Moody's confirms Kyrgyz Republic's ratings at B3, changes outlook to negative" .
^ Moody's Investors Service. "Moody's affirms Latvia's A3 ratings, maintains stable outlook" .
^ Moody's Investors Service. "Moody's affirms Lebanon's C rating, changes outlook to stable from no outlook" .
^ Moody's Investors Service. "Moody's affirms Lithuania's A2 ratings, maintains stable outlook" .
^ Moody's Investors Service. "Moody's affirms Luxembourg's Aaa ratings; maintains stable outlook" .
^ Moody's Investors Service. "Moody's changes outlook to negative from stable on Macao SAR, China's rating; affirms Aa3 rating" .
^ Moody's Investors Service. "Moody's affirms Malaysia's A3 rating, maintains stable outlook" .
^ Moody's Investors Service. "Moody's affirms Maldives' Caa1 rating, maintains stable outlook" .
^ Moody's Investors Service. "Moody's changes Mali's outlook to stable; affirms Caa2 ratings" .
^ Moody's Investors Service. "Moody's affirms Malta's A2 ratings, changes outlook to stable from negative" .
^ Moody's Investors Service. "Moody's downgrades Mauritius's rating to Baa3, changes outlook to stable" .
^ Moody's Investors Service. "Moody's downgrades Mexico's ratings to Baa2, changes outlook to stable from negative" .
^ Moody's Investors Service. "Moody's changes the outlook on Moldova's rating to stable from negative; affirms B3 rating" .
^ Moody's Investors Service. "Moody's affirms Mongolia's B3 rating, maintains stable outlook" .
^ Moody's Investors Service. "Moody's affirms Montenegro's B1 ratings; outlook stable" .
^ Moody's Investors Service. "Moody's affirms Morocco's Ba1 ratings, changes outlook to stable from negative" .
^ Moody's Investors Service. "Moody's changes outlook on Mozambique to stable from positive, affirms Caa2 ratings" .
^ Moody's Investors Service. "Moody's downgrades Namibia's ratings to B1, changes outlook to stable from negative" .
^ Moody's Investors Service. "Moody's affirms the Netherlands' Aaa ratings; outlook remains stable" .
^ Moody's Investors Service. "Moody's affirms New Zealand's Aaa rating, maintains stable outlook" .
^ Moody's Investors Service. "Moody's affirms Nicaragua's B3 ratings and maintains stable outlook" .
^ Moody's Investors Service. "Moody's changes Nigeria's outlook to positive, affirms Caa1 ratings" .
^ Moody's Investors Service. "Moody's affirms the Aaa ratings of Norway; maintains stable outlook" .
^ Moody's Investors Service. "Moody's upgrades Oman to Ba1, changes outlook to stable" .
^ Moody's Investors Service. "Moody's downgrades Pakistan's rating to Caa3; changes outlook to stable from negative" .
^ Moody's Investors Service. "Moody's downgrades Panama's rating to Baa3, changes outlook to stable" .
^ Moody's Investors Service. "Moody's changes Papua New Guinea's outlook to stable from negative; affirms B2 rating" .
^ Moody's Investors Service. "Moody's affirms Paraguay's Ba1 ratings; changes outlook to positive from stable" .
^ Moody's Investors Service. "Moody's changes outlook on Peru's Baa1 rating to negative; affirms ratings" .
^ Moody's Investors Service. "Moody's affirms the Philippines' Baa2 ratings; outlook stable" .
^ Moody's Investors Service. "Moody's affirms Poland's A2 ratings; maintains stable outlook" .
^ Moody's Investors Service. "Moody's upgrades Portugal's ratings to A3 and changes outlook to stable" .
^ Moody's Investors Service. "Moody's changes the outlook on Qatar to positive, affirms Aa3 rating" .
^ Moody's Investors Service. "Moody's affirms Romania's Baa3 ratings, maintains stable outlook" .
^ Moody's Investors Service. "Moody's withdraws credit ratings on multiple entities" .
^ Moody's Investors Service. "Moody's changes outlook on Rwanda to stable from negative; affirms B2 ratings" .
^ Moody's Investors Service. "Moody's affirms St. Vincent and the Grenadines' B3 issuer ratings; maintains stable outlook" .
^ Moody's Investors Service. "Moody's changes Saudi Arabia's outlook to positive, affirms A1 ratings" .
^ Moody's Investors Service. "Moody's changes Senegal's outlook to stable from negative, affirms Ba3 rating" .
^ Moody's Investors Service. "Moody's affirms Serbia's Ba2 ratings; outlook stable" .
^ Moody's Investors Service. "Moody's affirms Singapore's Aaa rating, maintains stable outlook" .
^ Moody's Investors Service. "Moody's maintains negative outlook on Slovakia's A2 ratings" .
^ Moody's Investors Service. "Moody's affirms Slovenia's A3 rating; maintains stable outlook" .
^ Moody's Investors Service. "Moody's changes South Africa's outlook to stable; affirms Ba2 ratings" .
^ Moody's Investors Service. "Moody's affirms Korea's Aa2 rating, maintains stable outlook" .
^ Moody's Investors Service. "Moody's affirms Spain's Baa1 rating and maintains stable outlook" .
^ Moody's Investors Service. "Moody's downgrades Sri Lanka's rating to Ca; outlook stable" .
^ Moody's Investors Service. "Moody's changes Suriname's rating outlook to stable, affirms the Caa3 rating" .
^ Moody's Investors Service. "Moody's affirms Sweden's Aaa ratings; maintains stable outlook" .
^ Moody's Investors Service. "Moody's affirms Switzerland's Aaa ratings, maintains stable outlook" .
^ Moody's Investors Service. "Moody's changes Taiwan, China's outlook to stable from positive, affirms Aa3 rating" .
^ Moody's Investors Service. "Moody's changes outlook on Tajikistan to stable from negative, affirms B3 ratings" .
^ Moody's Investors Service. "Moody's affirms Thailand's Baa1 rating; maintains stable outlook" .
^ Moody's Investors Service. "Moody's affirms Trinidad & Tobago's ratings at Ba2, changes outlook to positive" .
^ Agence Tunis Afrique Presse. "Moody's changes outlook on Tunisia to stable from negative; affirms Caa2 ratings" .
^ Moody's Investors Service. "Moody's downgrades Turkiye's ratings to B3, changes outlook to stable" .
^ Moody's Investors Service. "Moody's changes outlook on Uganda's rating to negative; affirms the B2 rating" .
^ Moody's Investors Service. "Moody's downgrades Ukraine's ratings to Ca with a stable outlook" .
^ Moody's Investors Service. "Moody's affirms the United Arab Emirates' Aa2 rating; maintains stable outlook" .
^ Moody's Investors Service. "Moody's changes the outlook on the UK to stable from negative, affirms Aa3 ratings" .
^ Moody's Investors Service. "Moody's changes outlook on United States' ratings to negative, affirms Aaa ratings" .
^ Moody's Ratings (15 March 2024). "Moody's upgrades Uruguay's ratings to Baa1; changes outlook to stable" . Moody's . Retrieved 16 March 2024 .
^ Moody's Investors Service. "Moody's upgrades Uzbekistan's rating to Ba3, outlook stable" .
^ Moody's Investors Service. "Moody's withdraws certain Government of Venezuela ratings for business reasons" .
^ Moody's Investors Service. "Moody's upgrades Vietnam's rating to Ba2, outlook changed to stable" .
^ Moody's Investors Service. "Moody's affirms Zambia's Ca ratings; outlook stable" .
^ DBRS Morningstar. "Market sectors | Governments | Sovereigns" .
^ Scope Ratings. "Sovereign Ratings" .
^ Japan Credit Rating Agency. "Rating Lists | Sovereigns and Supranationals" .
^ Japan Credit Rating Agency. "主权评级" [Sovereign Rating].
^ Country Brief - Gambia (password-protected)
^ Cbonds.Info - Fitch (UK) Withdraws Iran's Ratings
^ Fitch Downgrades, Withdraws Libya's Credit Rating - FoxBusiness.com
^ "Mali given credit rating under UN development initiative" . United Nations Organization. 2004-05-06. Retrieved 2013-02-25 .
^ "Fitch withdraws Mali's ratings" . Reuters. 2009-12-04. Archived from the original on December 1, 2011. Retrieved 2013-02-25 .
Links
See also