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

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]
Country/Territory | Rating | Outlook | Date | Ref. |
---|---|---|---|---|
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Stable ![]() |
6 June 2021 | [9] | |
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Stable ![]() |
29 July 2002 | [10] | |
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Stable ![]() |
27 February 2001 | [10] | |
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Stable ![]() |
13 January 2012 | [10] | |
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Stable ![]() |
26 February 2016 | [10] | |
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Stable ![]() |
14 January 2013 | [10] | |
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Stable ![]() |
20 November 2015 | [10] | |
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Stable ![]() |
8 November 1990 | [73] | |
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Stable ![]() |
6 March 1995 | [85] | |
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Stable ![]() |
16 February 2004 | [10] | |
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Stable ![]() |
26 June 1989 | [10] | |
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Stable ![]() |
26 August 2022 | [10] | |
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Stable ![]() |
16 September 2016 | [10] | |
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Stable ![]() |
21 September 2017 | [44] | |
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Stable ![]() |
21 February 2021 | [71] | |
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Stable ![]() |
29 April 2022 | [91] | |
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Stable ![]() |
10 June 2013 | [10] | |
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Stable ![]() |
28 February 2014 | [10] | |
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Stable ![]() |
19 May 2023 | [50] | |
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Stable ![]() |
4 November 2022 | [79] | |
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Stable ![]() |
7 August 2016 | [89] | |
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Stable ![]() |
21 March 2025 | [99] | |
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Stable ![]() |
21 April 2023 | [100] | |
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Stable ![]() |
24 August 2011 | [10] | |
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Stable ![]() |
31 May 2024 | [38] | |
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Stable ![]() |
16 January 2021 | [55] | |
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Stable ![]() |
14 June 2019 | [87] | |
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Stable ![]() |
15 March 2025 | [82] | |
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Stable ![]() |
28 April 2015 | [10] | |
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Stable ![]() |
21 September 2017 | [25] | |
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Stable ![]() |
22 September 2021 | [20] | |
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Stable ![]() |
14 January 2023 | [43] | |
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Stable ![]() |
10 November 2023 | [46] | |
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Stable ![]() |
9 June 2020 | [54] | |
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Stable ![]() |
15 July 2022 | [59] | |
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Negative ![]() |
1 June 2024 | [35] | |
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Negative ![]() |
25 April 2025 | [86] | |
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Positive ![]() |
28 February 2025 | [78] | |
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Stable ![]() |
31 May 2024 | [60] | |
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Stable ![]() |
31 May 2024 | [62] | |
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Stable ![]() |
18 March 2022 | [10] | |
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Negative ![]() |
19 October 2023 | [24] | |
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Negative ![]() |
1 October 2024 | [51] | |
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Positive ![]() |
10 May 2024 | [4] | |
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Positive ![]() |
13 September 2024 | [28] | |
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Stable ![]() |
13 December 2024 | [30] | |
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Stable ![]() |
27 June 2022 | [64] | |
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Stable ![]() |
13 March 2020 | [65] | |
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Stable ![]() |
12 October 2018 | [10] | |
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