S&PMoody'sDBRSTE
AAA Aaa AAA 100
AAA Aaa AAA 100
AAA Aaa AAA 100
AAA Aaa AAA 100
AAA 100
AAA Aaa AAA 100
AAA Aaa AAA 100
AAA Aaa AAA 100
AAA Aaa AAA 99
AAA Aaa AAA 99
AA Aaa AAA 98
AAA Aaa AAA 98
AA+ Aaa AAA 97
AA+ Aa1 AAA 96
AA+ Aa1 AA (high) 96
AA+ Aaa 95
AA- A2a AA (high) 90
AA+ Aa3 90
AA Aa2 90
AA+ Aa3 88
AA Aa3 AA 88
AA Aa2 88
AA Aa3 AA 87
N/A Aa3 87
Aa3 87
AA Aa3 AA 87
AA Aa2 86
Aa3 85
AA- Aa3 85
A+ A1 AA (low) 81
A+ A1 81
A+ A2 A 78
A+ A1 A 78
A A1 78
A+ A1 A (high) 77
A+ A1 76
A A2 A (high) 76
AA- A3 A (high) 76
A- A2 A (high) 75
A+ A2 A 75
A A2 N/A 73
A Baa1 73
A A3 A 72
A- A2 A 71
A- A3 A 71
A- Baa1 A 71
A- A3 68
BBB+ A3 67
A- Baa1 66
A- A3 66
BBB+ Baa1 65
BBB+ Baa2 BBB (high) 62
BBB Baa3 BBB (high) 62
BBB Baa1 61
BBB+ Baa2 61
BBB+ Baa1 BBB 61
BBB- Baa2 60
BBB Baa2 60
BBB- Baa1 N/A 60
BBB- Baa1 58
BBB Baa2 BBB 58
BBB- Baa3 BBB (low) 56
BBB Baa3 56
BBB 55
BB+ Baa2 BBB (low) 55
BBB- Baa3 55
BBB- 55
BBB- Baa3 55
BBB- Ba1 BBB (low) 51
BB+ Ba1 50
BB+ Ba1 50
BBB- Ba1 50
BB+ Baa3 50
BBB- Ba2 50
BBB- Ba2 48
BB Ba1 46
BB+ Ba2 46
BB Ba1 BB 45
BB Ba2 45
BB- 45
BBB- BBB (low) 45
BB- Ba3 41
BB Ba3 41
BB Ba2 41
BB- Ba2 41
40
BB- Ba3 40
BB- Ba3 38
BB- B1 38
BB- Ba3 38
BB- Ba3 37
B+ B1 37
BB- B1 37
B1 37
BB- B1 36
BB- B1 BB (high) 36
B+ B2 35
B+ B1 35
B+ Ba3 35
B+ B1 35
35
B+ B2 33
B+ B2 33
B1 32
B+ B2 31
N/A B2 30
30
B+ B2 30
SD Caa2 30
B B3 28
B- B3 28
B+ B3 27
B 27
NR B3 27
B- B2 27
B B3 27
B B3 27
B- B3 25
B- 25
B- Caa1 25
B- 25
B3 25
Caa1 25
B3 25
B3 25
B- Caa1 23
B- Caa1 23
N/A Caa2 23
B- Caa1 23
B- Caa1 23
B- B3 22
Caa2 22
N/A Caa2 21
B- Caa1 20
CCC+ Caa3 20
CCC+ 20
B- Caa3 20
B- Caa1 18
CCC+ Caa2 18
CCC+ Caa2 18
CCC+ Caa2 16
CCC+ Caa1 16
SD Caa3 15
Caa3 15
Caa2 15
Caa3 15
NR NR 14
CCC Ca CCC 13
NR C 11
SD Caa2 11
SD Ca 11
SD Ca 11
N/A C 11
D C 8
N/A 5
D 0
SD


Credit Ratings

TE S&P Moody's Fitch DBRS Description
100 AAA Aaa AAA AAA Prime
95 AA+ Aa1 AA+ AA (high) High grade
90 AA Aa2 AA AA
85 AA- Aa3 AA- AA (low)
80 A+ A1 A+ A (high) Upper medium grade
75 A A2 A A
70 A- A3 A- A (low)
65 BBB+ Baa1 BBB+ BBB (high) Lower medium grade
60 BBB Baa2 BBB BBB
55 BBB- Baa3 BBB- BBB (low)
50 BB+ Ba1 BB+ BB (high) Non-investment grade
45 BB Ba2 BB BB
40 BB- Ba3 BB- BB (low)
35 B+ B1 B+ B (high) Highly speculative
30 B B2 B B
25 B- B3 B- B (low)
20 CCC+ Caa1 CCC CCC (high) Substantial risks
15 CCC Caa2 CCC
10 CCC- Caa3 CCC (low) In default
CC Ca CC
5 C C C Junk
DD DDD
D D
Standard & Poor, Moody's and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please contact us.