Sovereigns Ratings List 2024

Sovereign Ratings List

	Moody's ratings [+]	S&P ratings [+]	Fitch ratings [+]
United States [+]	Aaa	AA+	AAA
United Kingdom [+]	Aa3	AA	AA-
Germany [+]	Aaa	AAA	AAA
France [+]	Aa2	AA	AA-
Japan [+]	A1	A+	A
Spain [+]	Baa1	A	A-
Italy [+]	Baa3	BBB	BBB
Portugal [+]	A3	A-	BBB+
Greece [+]	Ba1	BBB-	BB+
Ireland [+]	Aa3	AA	AA-
Andorra [+]		BBB+	A-
United Arab Emirates [+]	Aa2	AA	AA-
Albania [+]	B1	BB-
Armenia [+]	Ba3	BB-	B+
Angola [+]	B3	B-	B-
Argentina [+]	Ca	CCC	C
Austria [+]	Aa1	AA+	AA+
Australia [+]	Aaa	AAA	AAA
Azerbaijan [+]	Ba1	BB+	BB+
Bosnia and Herzegovina [+]	B3	B+
Barbados [+]	B3	B-
Bangladesh [+]	B1	BB-	BB-
Belgium [+]	Aa3	AA	AA-
Burkina Faso [+]		CCC+
Bulgaria [+]	Baa1	BBB	BBB
Bahrain [+]	B2	B+	B+
Benin [+]		NR	B+
Bolivia [+]	Caa1	CCC+	B-
Brazil [+]	Ba2	BB	BB-
Bahamas [+]	B1	B+
Botswana [+]	A3	BBB+
Belarus [+]	C	NR	RD
Belize [+]	Caa2	B-
Canada [+]	Aaa	AAA	AA+
Democratic Republic of the Congo [+]		B-
Republic of the Congo [+]		B-	CCC+
Switzerland [+]	Aaa	AAA	AAA
Côte d'Ivoire [+]		BB-	BB-
Chile [+]	A2	A	A-
Cameroon [+]		B-	B
China [+]	A1	A+	A+
Colombia [+]	Baa2	BB+	BB+
Costa Rica [+]	B1	BB-	BB-
Cuba [+]	Ca
Cabo Verde [+]		B-	B-
Cyprus [+]	Baa2	BBB	BBB
Czechia [+]	Aa3	AA-	AA-
Denmark [+]	Aaa	AAA	AAA
Dominican Republic [+]	Ba3	BB	BB-
Ecuador [+]	Caa3	B-	B-
Estonia [+]	A1	AA-	AA-
Egypt [+]	Caa1	B-	B
Ethiopia [+]			CCC-
Finland [+]	Aa1	AA+	AA+
Fiji [+]	B1	B+
Gabon [+]		NR	B-
Grenada [+]		NR
Georgia [+]	Ba2	BB	BB
Ghana [+]		SD	RD
The Gambia [+]			CCC
Guatemala [+]	Ba1	BB	BB
Hong Kong [+]	Aa3	AA+	AA-
Honduras [+]	B1	BB-
Croatia [+]	Baa2	BBB+	BBB+
Hungary [+]	Baa2	BBB-	BBB
Indonesia [+]	Baa2	BBB	BBB
Israel [+]	A2	AA-	A+
India [+]	Baa3	BBB-	BBB-
Iraq [+]			B-
Iran [+]			B+
Iceland [+]	A2	A+	A
Jamaica [+]	B1	BB-	B+
Jordan [+]	B1	B+	BB-
Kenya [+]		B	B
Cambodia [+]	B2	B
South Korea [+]	Aa2	AA	AA-
Kuwait [+]	A1	A+	AA-
Kazakhstan [+]	Baa2	BBB-	BBB
Laos [+]			CCC-
Lebanon [+]	C	SD	RD
Liechtenstein [+]		AAA
Sri Lanka [+]	Ca	SD	RD
Lesotho [+]			B
Lithuania [+]	A2	A+	A
Luxembourg [+]	Aaa	AAA	AAA
Latvia [+]	A3	A+	A-
Libya [+]			B
Morocco [+]	Ba1	BB+	BB+
Moldova [+]	B3		B-
Montenegro [+]	B1	B
North Macedonia [+]		BB-	BB+
Mali [+]			B-
Mongolia [+]	B3	B	B
Malta [+]	A2	A-	A+
Mauritius [+]	Baa3	BBB-
Maldives [+]			B-
Malawi [+]			B-
Mexico [+]	Baa2	BBB	BBB-
Malaysia [+]	A3	A-	BBB+
Mozambique [+]	Caa2	CCC+	CCC+
Namibia [+]	B1		BB-
Nigeria [+]		B-	B-
Nicaragua [+]	B2	B	B-
Netherlands [+]	Aaa	AAA	AAA
Norway [+]	Aaa	AAA	AAA
New Zealand [+]	Aaa	AA+	AA+
Oman [+]	Ba1	BB+	BB
Panama [+]	Baa3	BBB	BBB-
Peru [+]	Baa1	BBB	BBB
Papua New Guinea [+]	B2	B-	B+
Philippines [+]	Baa2	BBB+	BBB
Pakistan [+]	Caa3	CCC+	CCC-
Poland [+]	A2	A-	A-
Paraguay [+]	Ba1	BB+	BB+
Qatar [+]	Aa2	AA	AA-
Romania [+]	Baa3	BBB-	BBB-
Serbia [+]		BB+	BB+
Russia [+]	Ca	CC	C
Rwanda [+]		B+	B+
Saudi Arabia [+]	A1	A	A+
Seychelles [+]			BB-
Sweden [+]	Aaa	AAA	AAA
Singapore [+]	Aaa	AAA	AAA
Slovenia [+]	A3	AA-	A
Slovakia [+]	A2	A+	A
San Marino [+]			BB
Senegal [+]	Ba3	B+
Suriname [+]	Caa3	CCC+	RD
El Salvador [+]	Caa3	B-	RD
Thailand [+]	Baa1	BBB+	BBB+
Turkmenistan [+]			CCC-
Tunisia [+]	Caa2	NR	CCC+
Türkiye [+]	B3	B	B
Trinidad and Tobago [+]	Ba2	BBB-
Taiwan [+]	Aa3	AA+	AA
Ukraine [+]	Ca	CC	CC
Uganda [+]		B-	B+
Uruguay [+]	Baa1	BBB+	BBB-
Uzbekistan [+]		BB-	BB-
Saint Vincent and the Grenadines [+]	B3
Venezuela [+]	C	B-	WD
Viet Nam [+]			BB
South Africa [+]	Ba2	BB-	BB-
Zambia [+]		SD	RD

Grade	Moody's	S&P	Fitch
Prime	Aaa	AAA	AAA
High grade	Aa1	AA+	AA+
	Aa2	AA	AA
	Aa3	AA-	AA-
Upper medium grade	A1	A+	A+
	A2	A	A
	A3	A-	A-
Lower medium grade	Baa1	BBB+	BBB+
	Baa2	BBB	BBB
	Baa3	BBB-	BBB-
Non-investment grade speculative	Ba1	BB+	BB+
	Ba2	BB	BB
	Ba3	BB-	BB-
Highly speculative	B1	B+	B+
	B2	B	B
	B3	B-	B-
Substantial risks	Caa1	CCC+	CCC+
	Caa2	CCC	CCC
	Caa3	CCC-	CCC-
Extremely speculative	Ca	CC	CC
Extremely speculative			C
In default with little prospect for recovery		SD	RD
In default	C	D	D
			DD
			DDD
Not rated	WR	NR

Grade	Moodys	S&P	Fitch
High grade	P-1	A-1+	F1+
Upper medium grade	P-1	A-1	F1
Lower medium grade	P-2	A-2	F2
Non-investment grade speculative	P-3	A-3	F3
Highly speculative		B	B
Extremely speculative	NP	C	C

Sovereign credit rating, is an evaluation made by a credit rating agency and evaluates the credit worthiness of the issuer (country or government) of debt.
The credit rating is used by individuals and entities that purchase debt by governments to determine the likelihood that will pay its debt obligations.