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Open Access Articles- Top Results for List of countries by credit rating

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 three major credit rating agencies: Standard & Poor's, Fitch, and Moody's. The ratings of DBRS, China Chengxin Credit Rating Group, Dagong and JCR are also included. The list also includes all country subdivisions issuing sovereign bonds, but it excludes regions, provinces and municipalities issuing sub-sovereign bonds.

File:World countries Standard & Poor's ratings.svg
World countries by Standard & Poor's Foreign Rating in 2014[1][2]

Countries' ratings in different methods

Standard & Poors

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.[3]

File:Notation financière des Etats européens par Standard & Poor's.svg
Financial ratings of European States by Standard & Poor's (foreign currency) on 06 June 2014
Country Rating Outlook Date Ref.
23x15px Abu Dhabi, UAE 20 AA Stable 2012-02-20 [4][5]
23x15px Albania 09 B+ Stable 2012-02-20 [4][5]
23x15px Andorra 16 A- Negative 2012-02-20 [4][5]
23x15px Angola 10 BB- Stable 2012-02-20 [4][5]
23x15px Argentina 01 SD Negative 2014-06-17 [6]
23x15px Aruba 16 BBB+ Stable 2014-07-20 [4][5]
23x15px Australia 22 AAA Stable 2012-02-20 [4][5]
23x15px Austria 21 AA+ Negative 2012-02-20 [4][5]
23x15px Azerbaijan 13 BBB- Positive 2012-02-20 [4][5]
23x15px Bahamas 14 BBB Stable 2012-02-20 [4][5]
23x15px Bahrain 14 BBB Negative 2012-02-20 [4][5]
23x15px Bangladesh 10 BB- Stable 2012-02-20 [4][5]
23x15px Barbados 12 BB+ Negative 2012-02-20 [4][5]
23x15px Belarus 07 B- Positive 2013-04-17 [4][5]
23x15px Belgium 20 AA Negative 2012-02-20 [4][5]
23x15px Belize 07 B- Negative 2012-02-20 [4][5]
23x15px Benin 08 B Stable 2012-02-20 [4][5]
23x15px Bermuda 19 AA- Stable 2012-02-20 [4][5]
23x15px Bolivia 10 BB- Positive 2012-02-20 [4][5]
23x15px Bosnia and Herzegovina 08 B Negative 2012-02-20 [4][5]
23x15px Botswana 16 A- Stable 2012-02-20 [4][5]
23x15px Brazil 13 BBB- Stable 2014-03-24 [4][5]
23x15px Bulgaria 13 BB+ Stable 2014-12-12 [4][5]
23x15px Burkina Faso 08 B Stable 2012-02-20 [4][5]
23x15px Cambodia 08 B Stable 2012-02-20 [4][5]
23x15px Cameroon 08 B Stable 2012-02-20 [4][5]
23x15px Canada 22 AAA Stable 2012-02-20 [4][5]
23x15px Cape Verde 09 B+ Stable 2012-02-20 [4][5]
23x15px Chile 19 AA- Positive 2012-12-26 [4][5]
23x15px China 19 AA- Stable 2012-02-20 [4][5]
23x15px Colombia 14 BBB Stable 2013-04-24 [4][5]
23x15px Cook Islands 09 B+ Negative 2012-02-20 [4][5]
23x15px Costa Rica 11 BB Stable 2012-02-20 [4][5]
23x15px Croatia 12 BB+ Stable 2012-12-14 [4][5]
23x15px Curacao 16 A- Stable 2012-02-20 [4][5]
23x15px Cyprus 08 B+ Positive 2014-04-24 [4][7]
23x15px Czech Republic 19 AA- Stable 2012-02-20 [4][5]
23x15px Denmark 22 AAA Stable 2012-02-20 [4][5]
23x15px Dominican Republic 09 B+ Stable 2012-02-20 [4][5]
23x15px Ecuador 09 B+ Positive 2014-08-20 [4][5]
23x15px Egypt 07 B- Positive 2013-11-15 [4][5][8]
23x15px El Salvador 10 BB- Stable 2012-02-20 [4][5]
23x15px European Union 21 AA+ Stable 2013-12-20 [4][5]
23x15px Estonia 19 AA- Stable 2012-10-19 [4][9]
23x15px Fiji 08 B Stable 2012-02-20 [4][5]
23x15px Finland 22 AA+ Stable 2014-10-10 [4][5]
23x15px France 20 AA Stable 2015-03-12 [4][5]
23x15px Gabon 10 BB- Stable 2012-02-20 [4][5]
23x15px Georgia 10 BB- Stable 2012-02-20 [4][5]
23x15px Germany 22 AAA Stable 2013-03-27 [4][5]
23x15px Ghana 08 B Stable 2011-11-29 [4][5]
23x15px Greece 08 B Stable 2012-12-18 [4][5]
23x15px Grenada 01 SD Negative 2013-03-13 [4][10]
23x15px Guatemala 11 BB Negative 2011-11-29 [4][5]
23x15px Guernsey 21 AA+ Stable 2011-11-29 [4][5]
Template:Country data Honduras 09 B+ Positive 2012-06-08 [4][5]
Template:Country data Hong Kong 22 AAA Stable 2011-11-29 [4][5]
23x15px Hungary 11 BB+ Stable 2015-03-20 [4][5]
Template:Country data Iceland 13 BBB- Stable 2011-11-29 [4][5]
Template:Country data India 13 BBB- Positive 2015-04-09 [4][5][11]
Template:Country data Indonesia 12 BB+ Positive 2011-11-29 [4][5]
23x15px Ireland 17 A Stable 2014-12-05 [4][5]
23x15px Isle of Man 21 AA+ Stable 2011-11-29 [4][5]
Template:Country data Israel 18 A+ Stable 2011-11-29 [4][5]
23x15px Italy 14 BBB- Stable 2014-12-05 [4][5]
Template:Country data Jamaica 06 CCC+ Negative 2013-03-07 [4][12]
Template:Country data Japan 19 AA- Negative 2011-11-29 [4][5]
Template:Country data Jordan 11 BB Negative 2011-11-29 [4][5]
Template:Country data Kazakhstan 15 BBB+ Negative 2014-05-13 [4][5]
Template:Country data Kenya 09 B+ Stable 2011-11-29 [4][5]
Template:Country data Kuwait 20 AA Stable 2011-11-29 [4][5]
23x15px Latvia 16 A- Stable 2014-05-30 [4][5][13]
23x15px Lebanon 08 B Stable 2011-11-29 [4][5]
23x15px Liechtenstein 22 AAA Stable 2011-11-29 [4][5]
23x15px Lithuania 16 A- Stable 2014-04-11 [4][5]
23x15px Luxembourg 22 AAA Stable 2013-08-12 [4][5]
23x15px Macedonia 11 BB Stable 2011-11-29 [4][5]
23x15px Malaysia 16 A- Stable 2011-11-29 [4][5]
23x15px Malta 15 BBB+ Stable 2013-01-16 [4][14]
23x15px Mexico 15 BBB+ Stable 2014-07-30 [4][5]
23x15px Mongolia 10 BB- Stable 2011-11-29 [4][5]
23x15px Montenegro 10 BB- Negative 2011-11-29 [4][5]
23x15px Montserrat 13 BBB- Stable 2011-11-29 [4][5]
23x15px Morocco 13 BBB- Stable 2011-11-29 [4][5]
23x15px Mozambique 09 B+ Stable 2011-11-29 [4][5]
23x15px Netherlands 21 AA+ Positive 2015-05-22 [4][5]
23x15px New Zealand 20 AA Stable 2011-11-29 [4][5]
23x15px Nigeria 10 BB- Stable 2011-11-29 [4][5]
23x15px Norway 22 AAA Stable 2011-11-29 [4][5]
23x15px Oman 17 A Negative 2011-11-29 [4][5]
23x15px Pakistan 07 B- Positive 2011-11-29 [4][5][5][15]
23x15px Panama 14 BBB Stable 2012-07-02 [4][5]
23x15px Papua New Guinea 09 B+ Stable 2011-11-29 [4][5]
23x15px Paraguay 10 BB- Stable 2011-11-29 [4][5]
23x15px Peru 15 BBB+ Stable 2013-08-19 [4][5][16]
23x15px Philippines 14 BBB Stable 2014-05-08 [17][18]
23x15px Poland 16 A- Positive 2013-03-07 [4][5]
23x15px Portugal 11 BB Positive 2015-03-20 [4][5]
23x15px Qatar 20 AA Stable 2011-11-29 [4][5]
23x15px Ras Al Khaimah, UAE 17 A Stable 2011-11-29 [4][5]
23x15px Romania 13 BBB- Stable 2014-05-16 [4][5]
23x15px Russia 13 BB+ Negative 2015-01-26 [19]
23x15px Rwanda 08 B Stable 2012-09-29 [4][5]
23x15px Saudi Arabia 19 AA- Stable 2011-11-29 [4][5]
23x15px Senegal 09 B+ Negative 2011-11-29 [4][5]
23x15px Serbia 10 BB- Negative 2012-08-07 [4][5]
23x15px Singapore 22 AAA Stable 2011-11-29 [4][5]
23x15px Slovakia 17 A Positive 2014-08-01 [4][5]
23x15px Slovenia 16 A- Stable 2013-02-13 [4][20]
23x15px South Africa 13 BBB- Stable 2014-05-13 [4][5]
Template:Country data South Korea 18 A+ Stable 2012-09-14 [4][5]
23x15px Spain 14 BBB Stable 2014-05-23 [4][5]
23x15px Sri Lanka 09 B+ Positive 2011-11-29 [4][5]
23x15px Suriname 10 BB- Stable 2011-11-29 [4][5]
23x15px Sweden 22 AAA Stable 2012-10-24 [4][5][21]
23x16px  Switzerland 22 AAA Stable 2011-11-29 [4][5]
23x15px Taiwan 19 AA- Stable 2011-11-29 [4][5]
23x15px Thailand 15 BBB+ Stable 2011-11-29 [4][5]
23x15px Trinidad and Tobago 17 A Stable 2011-11-29 [4][5]
23x15px Tunisia 10 BB- Negative 2013-02-20 [4][5]
23x15px Turkey 12 BB+ Negative 2013-03-27 [4][5]
23x15px Uganda 09 B+ Stable 2011-11-29 [4][5]
23x15px Ukraine 06 CCC Stable 2014-10-11 [22]
23x15px United Kingdom 22 AAA Stable 2012-04-13 [4][5]
23x15px United States 21 AA+ Stable 2013-06-10 [4][5]
23x15px Uruguay 13 BBB- Stable 2012-04-03 [4][5]
23x15px Venezuela 06 CCC Negative 2015-02-09 [4][5]
23x15px Vietnam 10 BB- Negative 2014-05-20 [4]
23x15px Zambia 09 B+ Stable 2011-11-29 [4][5]

Fitch Ratings

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.[23]

File:Notation financière des Etats européens par Fitch Ratings.svg
Financial ratings of European States by Fitch Ratings on 16 August 2014
Country Rating Outlook Date Ref.
23x15px Abu Dhabi 19AA Stable 2011-11-21 [24]
23x15px Angola 09BB- Stable 2011-11-21 [24]
23x15px Argentina 01RD Negative 2014-07-31 [25]
23x15px Armenia 09BB- Stable 2011-11-21 [24]
23x15px Aruba 13BBB Stable 2011-11-21 [24]
23x15px Australia 21AAA Stable 2011-11-29 [26]
23x15px Austria 21AA+ Stable 2015-2-13 [24]
23x15px Azerbaijan 12BBB- Positive 2011-11-21 [24]
23x15px Bahrain 13BBB Stable 2011-11-21 [24]
23x15px Belgium 19AA Stable 2013-01-24 [24]
23x15px Benin 07B Stable 2011-11-21 [24]
23x15px Bermuda 20AA+ Stable 2011-11-21 [24]
23x15px Bolivia 08B+ Stable 2011-11-21 [24]
23x15px Brazil 13BBB Stable 2011-11-21 [24]
23x15px Bulgaria 12BBB- Stable 2014-01-10 [24]
23x15px Cameroon 07B Stable 2011-11-21 [24]
23x15px Canada 21AAA Stable 2011-11-21 [24]
23x15px Cape Verde 08B+ Stable 2011-11-21 [24]
23x15px Chile 17A+ Stable 2011-11-21 [24]
23x15px China 17A+ Stable 2011-11-21 [24]
23x15px Colombia 13BBB Stable 2013-12-10 [24][27]
23x15px Costa Rica 11BB+ Stable 2011-11-21 [24]
23x15px Croatia 10BB Stable 2014-08-09 [24]
23x15px Cyprus 06B- Positive 2014-10-22 [24]
23x15px Czech Republic 17A+ Positive 2011-11-21 [24]
23x15px Denmark 21AAA Stable 2011-11-21 [24]
23x15px Dominican Republic 07B Positive 2011-11-21 [24]
23x15px Ecuador 07B Stable 2013-10-18 [24]
23x15px Egypt 07B Stable 2014-12-19 [24][28][29]
23x15px El Salvador 09BB- Stable 2013-07-16 [30]
23x15px Estonia 17A+ Stable 2011-11-21 [24]
23x15px Finland 21AAA Stable 2011-11-21 [24]
23x15px France 20AA Stable 2014-12-12 [31]
23x15px Gabon 09BB- Stable 2011-11-21 [24]
23x15px Georgia 08B+ Positive 2011-11-21 [24]
23x15px Germany 21AAA Stable 2011-11-21 [24]
23x15px Ghana 08B+ Stable 2011-11-21 [24]
23x15px Greece 07B Stable 2014-05-23 [24]
23x15px Guatemala 11BB+ Stable 2011-11-21 [24]
Template:Country data Hong Kong 20AA+ Stable 2011-11-21 [24]
23x15px Hungary 11BB+ Stable 2012-01-06 [24]
Template:Country data Iceland 12BBB- Stable 2012-02-17 [24]
Template:Country data India 12BBB- Stable 2013-06-12 [24][32][33]
Template:Country data Indonesia 12BBB- Stable 2011-12-15 [24]
23x15px Ireland 15A- Stable 2014-08-15 [24]
Template:Country data Israel 16A Stable 2013-11-29 [24]
23x15px Italy 14BBB+ Stable 2014-04-25 [24][34]
Template:Country data Jamaica 06B- Stable 2011-11-21 [24]
Template:Country data Japan 17A Stable 2015-04-27 [24]
Template:Country data Kazakhstan 13BBB Positive 2011-11-21 [24]
Template:Country data Kenya 08B+ Stable 2011-11-21 [24]
Template:Country data Kuwait 19AA Stable 2011-11-21 [24]
23x15px Latvia 15A- Stable 2014-06-20 [35]
23x15px Lebanon 07B Stable 2011-11-21 [24]
23x15px Lesotho 09BB- Negative 2011-11-21 [24]
23x15px Lithuania 15A- Stable 2014-06-25 [36]
23x15px Luxembourg 21AAA Stable 2011-11-21 [24]
23x15px Macedonia 11BB+ Stable 2011-11-21 [24]
23x15px Malaysia 15A- Negative 2011-11-21 [24]
23x15px Malta 17A+ Stable 2011-11-21 [24]
23x15px Mexico 14BBB+ Stable 2013-04-08 [24]
23x15px Mongolia 08B+ Stable 2011-11-21 [24]
23x15px Morocco 12BBB- Stable 2011-11-21 [24]
23x15px Mozambique 07B Stable 2011-11-21 [24]
23x15px Namibia 12BBB- Positive 2011-11-21 [24]
23x15px Netherlands 21AAA Stable 2011-11-21 [24]
23x15px New Zealand 19AA Stable 2011-11-21 [24]
23x15px Nigeria 09BB- Stable 2011-11-21 [24]
23x15px Norway 21AAA Stable 2011-11-21 [24]
23x15px Panama 13BBB Stable 2011-11-21 [24]
23x15px Peru 14BBB+ Stable 2013-10-23 [24]
23x15px Philippines 12BBB- Stable 2013-03-27 [24][37]
23x15px Poland 15A- Positive 2013-02-21 [24]
23x15px Portugal 11BB+ Watch Negative 2011-11-21 [24][38]
23x15px Ras Al Khaimah, UAE 16A Stable 2011-11-21 [24]
23x15px Romania 12BBB- Stable 2011-11-21 [24]
23x15px Russia 12BBB- Negative 2015-01-09 [39]
23x15px Rwanda 07B Stable 2011-11-21 [24]
23x15px San Marino 14 BBB+ Negative 2012-07-23 [24]
23x15px Saudi Arabia 19AA Stable 2014-03-21 [24]
23x15px Serbia 08B+ Stable 2014-01-17 [24]
23x15px Seychelles 07B Stable 2011-11-21 [24]
23x15px Singapore 21AAA Stable 2011-11-21 [24]
23x15px Slovakia 17A+ Stable 2011-11-21 [24]
23x15px Slovenia 14BBB+ Negative 2013-05-17 [24]
23x15px South Africa 13BBB Stable 2013-01-10 [24]
Template:Country data South Korea 18AA- Stable 2012-09-07 [40]
23x15px Spain 14BBB+ Stable 2014-04-25 [24]
23x15px Sri Lanka 09BB- Stable 2011-11-21 [24]
23x15px Suriname 09 BB- Stable 2012-07-10 [24]
23x15px Sweden 21AAA Stable 2011-11-21 [24]
23x16px  Switzerland 21AAA Stable 2011-11-21 [24]
23x15px Taiwan 17A+ Stable 2011-11-21 [24]
23x15px Thailand 14BBB+ Stable 2013-03-08 [24]
23x15px Tunisia 09BB- Negative 2013-10-30 [24]
23x15px Turkey 12BBB- Stable 2012-11-05 [24]
23x15px Uganda 07B Stable 2011-11-21 [24]
23x15px Ukraine 05CC Negative 2015-02-13 [24]
23x15px United Kingdom 20AA+ Stable 2013-04-19 [41]
23x15px United States 21AAA Stable 2014-03-21 [42]
23x15px Uruguay 12BBB- Stable 2011-11-21 [24]
23x15px Venezuela 05CCC Negative 2014-12-18 [24]
23x15px Vietnam 08B+ Stable 2011-11-21 [24]
23x15px Zambia 08B+ Stable 2011-11-21 [24]

Moody's

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.[43]

File:Notation financière des Etats européens par Moody's.svg
Financial ratings of European States by Moody's on 18 January 2014
Country Rating Outlook Date Ref.
23x15px Albania 08B1 Stable 2011-08-05 [44]
23x15px Angola 10Ba2 Stable 2011-08-05 [44]
23x15px Argentina 05Caa2 Negative 2015-04-20 [44]
23x15px Armenia 10Ba2 Negative 2011-11-21 [44]
23x15px Australia 21Aaa Stable 2011-08-05 [44]
23x15px Austria 21Aaa Stable 2012-02-13 [44]
23x15px Azerbaijan 12Baa3 Positive 2012-04-19 [44]
23x15px Bahamas 15A3 Stable 2011-08-05 [44]
23x15px Bahrain 14Baa1 Negative 2011-08-05 [44]
23x15px Bangladesh 09Ba3 Stable 2011-08-05 [44]
23x15px Barbados 12Baa3 Negative 2011-08-05 [44]
23x15px Belarus 06B3 Watch Negative 2011-08-05 [44]
23x15px Belgium 18Aa3 Negative 2011-12-16 [44]
23x15px Belize 06B3 Stable 2011-08-05 [44]
23x15px Bermuda 19Aa2 Stable 2011-08-05 [44]
23x15px Bolivia 09Ba3 Positive 2011-08-05 [44]
23x15px Bosnia and Herzegovina 06B3 Negative 2012-04-03 [44][45]
23x15px Botswana 16A2 Negative 2011-08-05 [44]
23x15px Brazil 13Baa2 Stable 2011-08-05 [44]
23x15px Bulgaria 13Baa2 Stable 2011-08-05 [44]
23x15px Cambodia 07B2 Stable 2011-08-05 [44]
23x15px Canada 21Aaa Stable 2011-08-05 [44]
23x15px Cayman Islands 18Aa3 Stable 2011-08-05 [44]
23x15px Chile 18Aa3 Stable 2011-08-05 [44]
23x15px China 18Aa3 Stable 2011-08-05 [44]
23x15px Colombia 13Baa2 Stable 2014-07-28 [44][46]
23x15px Costa Rica 12Baa3 Stable 2011-08-05 [44]
23x15px Croatia 12Baa3 Stable 2011-08-05 [44]
23x15px Cuba 05Caa1 Stable 2011-08-05 [44]
23x15px Cyprus 06B3 Stable 2014-11-14 [44][47]
23x15px Czech Republic 17A1 Stable 2012-07-18 [44]
23x15px Denmark 21Aaa Stable 2011-08-05 [44]
23x15px Dominican Republic 08B1 Stable 2011-08-05 [44]
23x15px Ecuador 05Caa1 Stable 2012-09-14 [44]
23x15px Egypt 05B3 Stable 2015-04-07 [48] [49]
23x15px El Salvador 10Ba2 Stable 2011-08-05 [44]
23x15px Estonia 17A1 Stable 2011-08-05 [44]
23x15px Fiji 08B1 Negative 2011-08-05 [44]
23x15px Finland 21Aaa Stable 2011-08-05 [44]
23x15px France 20Aa1 Negative 2012-11-19 [44]
23x15px Georgia 09Ba3 Stable 2011-08-05 [44]
23x15px Germany 21Aaa Stable 2013-09-06 [50]
23x15px Greece 05Caa1 Stable 2014-08-01 [44]
23x15px Guatemala 11Ba1 Stable 2011-08-05 [44]
Template:Country data Honduras 07B2 Negative 2013-02-26 [44]
Template:Country data Hong Kong 20Aa1 Positive 2011-08-05 [44]
23x15px Hungary 11Ba1 Stable 2011-11-24 [44][51]
Template:Country data Iceland 12Baa3 Negative 2011-08-05 [44]
Template:Country data India 12Baa3 Positive 2011-08-05 [44]
Template:Country data Indonesia 12Baa3 Stable 2012-01-18 [44]
23x15px Ireland 14Baa1 Stable 2014-05-16 [44][52]
23x15px Isle of Man 21Aaa Stable 2011-08-05 [44]
Template:Country data Israel 17A1 Stable 2011-08-05 [44]
23x15px Italy 13Baa2 Stable 2013-02-15 [44][53]
Template:Country data Jamaica 06B3 Stable 2011-08-05 [44]
Template:Country data Japan 18A1 Stable 2014-12-01 [44]
Template:Country data Jordan 10Ba2 Negative 2011-08-05 [44]
Template:Country data Kazakhstan 13Baa2 Stable 2011-08-05 [44]
Template:Country data Kuwait 19Aa2 Stable 2011-08-05 [44]
23x15px Latvia 15A3 Stable 2014-06-14 [54]
23x15px Lebanon 08B1 Stable 2011-08-05 [44]
23x15px Lithuania 14A3 Stable 2015-05-09 [44]
23x15px Luxembourg 21Aaa Watch negative 2012-07-23 [55]
23x15px Macao 18Aa3 Stable 2011-08-05 [44]
23x15px Malaysia 15A3 Stable 2011-08-05 [44]
23x15px Malta 15A3 Stable 2013-08-05 [44]
23x15px Mauritius 13Baa1 Stable 2015-05-29 [56]
23x15px Mexico 15A3 Stable 2014-02-05 [44]
23x15px Moldova 06B3 Stable 2011-08-05 [44]
23x15px Mongolia 08B1 Stable 2011-08-05 [44]
23x15px Montenegro 09Ba3 Stable 2011-08-05 [44]
23x15px Morocco 11Ba1 Stable 2011-08-05 [44]
23x15px Netherlands 21Aaa Stable 2014-03-07 [44]
23x15px New Zealand 21Aaa Stable 2011-08-05 [44]
23x15px Nicaragua 06B3 Stable 2011-08-05 [44]
23x15px Norway 21Aaa Stable 2011-08-05 [44]
23x15px Oman 17A1 Stable 2011-08-05 [44]
23x15px Pakistan 05Caa1 Positive 2015-03-25 [44][57]
23x15px Panama 13Baa2 Stable 2012-10-31 [44]
23x15px Papua New Guinea 08B1 Stable 2011-08-05 [44]
23x15px Paraguay 08B1 Stable 2011-08-05 [44]
23x15px Peru 15A3 Stable 2014-07-02 [44]
23x15px Philippines 13Baa2 Stable 2014-12-11 [44] [58]
23x15px Poland 16A2 Stable 2011-08-05 [44]
23x15px Portugal 10Ba2 Negative 2014-05-09 [44]
23x15px Qatar 19Aa2 Stable 2011-08-05 [44]
23x15px Romania 12Baa3 Stable 2011-08-05 [44]
23x15px Russia 11Ba1 Negative 2015-02-20 [59]
23x15px Saudi Arabia 18Aa3 Stable 2011-08-05 [44]
23x15px Senegal 08B1 Stable 2011-08-05 [44]
23x15px Serbia 08B1 Stable 2013-07-14 [44]
23x15px Singapore 21Aaa Stable 2011-08-05 [44]
23x15px Slovakia 17A1 Stable 2012-02-13 [44]
23x15px Slovenia 11Ba1 Negative 2013-04-30 [44]
23x15px South Africa 13Baa2 Stable 2014-11-06 [44]
Template:Country data South Korea 18Aa3 Positive 2015-04-10 [44]
23x15px Spain 13Baa2 Positive 2014-02-21 [44]
23x15px Sri Lanka 08B1 Positive 2011-08-05 [44]
23x15px St. Vincent & the Grenadines 08B1 Stable 2011-08-05 [44]
23x15px Suriname 08B1 Stable 2011-08-05 [44]
23x15px Sweden 21Aaa Stable 2011-08-05 [44]
23x16px  Switzerland 21Aaa Stable 2011-08-05 [44]
23x15px Taiwan 18Aa3 Stable 2011-08-05 [44]
23x15px Thailand 14Baa1 Stable 2011-08-05 [44]
23x15px Trinidad and Tobago 14Baa2 Negative 2014-04-30 [60]
23x15px Tunisia 12Baa3 Negative 2011-08-05 [44]
23x15px Turkey 12Baa3 Negative 2014-04-16 [44]
23x15px Ukraine 05Ca Negative 2015-03-24 [61]
23x15px United Arab Emirates 19Aa2 Stable 2011-08-05 [44]
23x15px United Kingdom 20Aa1 Stable 2013-02-22 [44]
23x15px United States 21Aaa Stable 2013-07-18 [44] [62]
23x15px Uruguay 13Baa2 Stable 2014-05-29 [63]
23x15px Venezuela 03Caa3 Negative 2015-01-13 [44]
23x15px Vietnam 08B1 Negative 2011-08-05 [44]

Dominion Bond Rating Service (DBRS)

For DBRS, 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.

File:Map of DBRS Sovereign Ratings in Europe.png
DBRS European Sovereign Debt Ratings as of Aug. 19, 2013
File:DBRS Sovereign Ratings Globally.png
DBRS Global Sovereign Debt Ratings as of Aug. 19, 2013
Country Rating Trend Date Ref.
23x15px Argentina 08 SD N/A 2014-07-31 [64]
23x15px Australia 22AAA Stable 2014-07-31 [64]
23x15px Austria 22AAA Stable 2014-06-13 [64]
23x15px Belgium 21AA(high) Stable 2014-03-21 [64]
23x15px Brazil 14BBB Stable 2014-08-01 [64]
23x15px Canada 22AAA Stable 2014-07-18 [64]
23x15px Chile 19AA(low) Stable 2014-02-28 [64]
23x15px Colombia 14BBB Stable 2014-04-30 [64]
23x15px Cyprus 14B(low) Stable 2014-06-27 [64]
23x15px Denmark 22AAA Stable 2014-07-25 [64]
23x15px European Union 22AAA Stable 2014-07-11 [64]
23x15px Finland 22AAA Stable 2014-05-16 [64]
23x15px France 22AAA Stable 2014-05-30 [64]
23x15px Germany 22AAA Stable 2014-04-11 [64]
23x15px Greece 22B Stable 2014-07-11 [64]
Template:Country data India 13BBB(low) Stable 2013-09-30 [64]
23x15px Ireland 16A(low) Stable 2014-03-28 [64]
23x15px Italy 16A(low) Negative 2014-04-11 [64]
Template:Country data Japan 14A(high) Stable 2013-11-20 [64]
23x15px Mexico 14BBB(high) Stable 2014-03-31 [64]
23x15px Netherlands 22AAA Stable 2014-04-25 [64]
23x15px Norway 22AAA Stable 2014-07-04 [64]
23x15px Peru 14BBB(high) Stable 2014-05-30 [64]
23x15px Portugal 13BBB(low) Stable 2014-05-23 [64]
23x15px Spain 16A(low) Negative 2014-04-11 [64]
23x15px Sweden 22AAA Stable 2014-06-13 [64]
23x16px  Switzerland 22AAA Stable 2013-12-27 [64]
23x15px Turkey 13BBB(low) Stable 2014-07-28 [64]
23x15px United Kingdom 22AAA Stable 2014-07-18 [64]
23x15px United States 22AAA Stable 2014-04-22 [64]
23x15px Uruguay 13BBB(low) Stable 2014-05-30 [64]

Dagong

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

File:Notation financière des Etats européens par DGCR.svg
Financial ratings of European States by Dagong Global Credit Rating on 30 May 2014

World map ratings by Dagong (Jul 2013)

Country Rating Outlook Date Ref.
23x15px Algeria 10BBB- Stable 2014-10 [65]
23x15px Angola 07BB- Stable 2013-05-31 [66]
23x15px Argentina 00D Negative 2014-07-31 [66]
23x15px Australia 18AA+ Stable 2013-11 [65]
23x15px Austria 18AA+ Stable 2014-12 [65]
23x15px Bahrain 13A- Stable 2014-08 [65]
23x15px Bangladesh 07BB- Stable 2013-11 [65]
23x15px Belarus 07BB- Negative 2014-01 [65]
23x15px Belgium 15A+ Stable 2014-10 [65]
23x15px Bolivia 10BBB- Stable 2013-05-15 [66]
23x15px Bosnia and Herzegovina 05B Stable 2014-05 [65]
23x15px Botswana 14A Stable 2013-04-07 [66]
23x15px Brazil 13A- Negative 2014-01 [65]
23x15px Bulgaria 10BBB- Stable 2013-09 [65]
23x15px Cambodia 05B Stable 2013-03-15 [66]
23x15px Canada 18AA+ Stable 2014-04 [65]
23x15px Cayman Islands 16AA- Stable 2013-11 [65]
23x15px Chile 16AA- Stable 2014-02 [65]
23x15px China 19AAA Stable 2014-09 [65]
23x15px Colombia 12BBB+ Stable 2013-07-24 [67]
23x15px Croatia 09BB+ Negative 2014-05 [65]
23x15px Czech Republic 15A+ Stable 2013-09 [65]
23x15px Democratic Republic of Congo 03CCC Stable 2013-05-16 [66]
23x15px Denmark 18AA+ Stable 2014-01 [65]
23x15px Ecuador 04B- Stable 2014-07 [65]
23x15px Egypt 04B- Negative 2013-06-14 [66]
23x15px Estonia 14A Stable 2013-11 [65]
23x15px Ethiopia 03CCC Stable 2014-03 [65]
23x15px Finland 18AA+ Stable 2014-11 [65]
23x15px France 15A+ Negative 2014-01 [65]
23x15px Georgia 07BB- Stable 2014-03 [65]
23x15px Germany 18AA+ Stable 2013-12 [65]
23x15px Ghana 05B Stable 2013-04-24 [66]
23x15px Greece 02CC Stable 2014-03 [65]
Template:Country data Hong Kong 19AAA Stable 2013-12 [65]
23x15px Hungary 10BBB- Stable 2014-07 [65]
Template:Country data Iceland 07BB- Stable 2012-10 [66]
Template:Country data India 11BBB Negative 2014-12 [65]
Template:Country data Indonesia 10BBB- Negative 2014-01 [65]
23x15px Ireland 11BBB Stable 2014-10 [65]
Template:Country data Israel 13A- Stable 2014-01 [65]
23x15px Italy 10BBB- Negative 2014-01 [65]
Template:Country data Japan 15A+ Negative 2014-08 [65]
Template:Country data Jordan 04B- Stable 2013-05-15 [66]
Template:Country data Kazakhstan 10BBB- Stable 2014-03 [65]
Template:Country data Kenya 05B Stable 2014-07 [65]
Template:Country data Kuwait 17AA Stable 2014-06 [65]
23x15px Latvia 10BBB- Stable 2014-01 [65]
23x15px Lithuania 11BBB Positive 2014-08 [65]
23x15px Luxembourg 19AAA Stable 2013-12 [65]
23x15px Macao 18AA+ Stable 2013-12 [65]
23x15px Madagascar 03CCC Stable 2012-05 [66]
23x15px Malaysia 15A+ Stable 2014-07 [65]
23x15px Malta 13A- Negative 2014-03 [65]
23x15px Mauritius 11BBB Stable 2012-07 [66]
23x15px Mexico 11BBB Stable 2013-11 [65]
23x15px Micronesia 07BB- Stable 2013-02 [66]
23x15px Mongolia 06BB- Stable 2013-12 [65]
23x15px Morocco 11BBB Negative 2014-03 [65]
23x15px Netherlands 18AA+ Negative 2013-09 [65]
23x15px New Zealand 17AA Negative 2014-01 [66]
23x15px Nigeria 09BB+ Stable 2014-07 [65]
23x15px Norway 19AAA Stable 2014-09 [65]
23x15px Oman 16AA- Stable 2014-08 [65]
23x15px Pakistan 03CCC Stable 2014-04 [65]
23x15px Panama 13A- Stable 2013-07-01 [66]
23x15px Paraguay 07BB- Stable 2014-05 [65]
23x15px Peru 12BBB+ Stable 2014-09 [65]
23x15px Philippines 07BB- Negative 2014-01 [65]
23x15px Poland 13A- Negative 2013-12 [65]
23x15px Portugal 08BB Negative 2013-09 [65]
23x15px Qatar 16AA- Stable 2014-07 [65]
23x15px Romania 08BB Stable 2014-10 [65]
23x15px Russia 14A Stable 2013-11 [65]
23x15px Saudi Arabia 17AA Stable 2014-08 [65]
23x15px Serbia 07BB- Negative 2013-11 [65]
23x15px Singapore 19AAA Stable 2014-12 [65]
23x15px South Africa 13A- Negative 2013-11 [65]
Template:Country data South Korea 16AA- n/a 2013-11 [65]
23x15px South Sudan 02CC Stable 2013-02 [66]
23x15px Spain 12BBB+ Stable 2014-05 [65]
23x15px Sri Lanka 06B+ Negative 2013-03-18 [66]
23x15px Sudan 01C Stable 2013-02 [66]
23x15px Suriname 09BB+ Stable 2013-05-20 [66]
23x15px Sweden 18AA+ Stable 2014-01 [65]
23x16px  Switzerland 19AAA Stable 2013-11 [65]
23x15px Taiwan 16AA- Stable 2013-03-06 [66]
23x15px Thailand 11BBB Negative 2014-05 [65]
23x15px Tunisia 08BB Negative 2014-07 [65]
23x15px Turkey 07BB- Stable 2013-12 [65]
23x15px Turkmenistan 12BBB+ Stable 2013-05-14 [66]
23x15px United Kingdom 15A+ Stable 2014-11 [65]
23x15px United States 13A- Stable 2014-12 [65]
23x15px Ukraine 03CCC Negative 2014-05 [65]
23x15px United Arab Emirates 12BBB+ Stable 2014-02 [65]
23x15px Uruguay 09BB+ Stable 2014-12 [65]
23x15px Uzbekistan 11BBB 2013-03-27 [66]
23x15px Venezuela 07BB- Negative 2014-07-02 [66]
23x15px Vietnam 06B+ Stable 2014-05 [65]
23x15px Yemen 03CCC Negative 2013-05-23 [66]

JCR

Japan Credit Rating Agency (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.

File:Notation financière des Etats européens par JCR.svg
Financial ratings of European States by JCR Credit Rating on 08 July 2013
Country Rating Outlook Date Ref.
23x15px Australia 19AAA Stable 2012-07-02 [68]
23x15px Belgium 19AAA Stable 2013-03-25 [68]
23x15px Brazil 11BBB Stable 2012-11-15 [68]
23x15px Canada 19AAA Stable 2012-09-04 [68]
23x15px Czech Republic 14A Stable 2012-12-21 [68]
23x15px Denmark 19AAA Stable 2013-02-14 [68]
23x15px Finland 19AAA Stable 2013-04-19 [68]
23x15px France 19AAA Stable 2013-04-26 [68]
23x15px Germany 19AAA Stable 2013-02-28 [68]
Template:Country data Hong Kong 18AA+ Stable 2012-09-05 [68]
23x15px Hungary 11BBB Negative 2013-03-14 [68]
Template:Country data India 12BBB+ Stable 2012-11-30 [68]
Template:Country data Indonesia 10BBB- Stable 2012-11-13 [68]
23x15px Italy 16AA- Negative 2013-04-10 [68]
Template:Country data Japan 19AAA Stable 2013-03-15 [68]
23x15px Malaysia 14A Stable 2012-10-19 [68]
23x15px Mexico 13A- Stable 2012-12-21 [68]
23x15px Netherlands 19AAA Stable 2012-10-04 [68]
23x15px Norway 19AAA Stable 2012-08-02 [68]
23x15px Philippines 11BBB Stable 2013-05-7 [68]
23x15px Poland 14A Stable 2013-03-01 [68]
23x15px Portugal 14A Stable 2013-03-15 [68]
23x15px Romania 07BBB- Stable 2013-03-28 [68]
23x15px Russia 12BBB- Negative 2014-12-26 [68]
23x15px Singapore 19AAA Stable 2012-02-01 [68]
Template:Country data South Korea 15A+ Stable 2013-01-24 [68]
23x15px Slovakia 15A+ Stable 2012-11-08 [68]
23x15px Slovenia 16AA- Negative 2012-06-13 [68]
23x15px Spain 17AA Negative 2013-04-12 [68]
23x15px Thailand 14A- Stable 2013-04-02 [68]
23x15px Turkey 10BBB- Stable 2013-05-23 [68]
23x15px United Kingdom 19AAA Stable 2012-06-29 [68]
23x15px United States 19AAA Stable 2012-03-09 [68]

China Chengxin

China Chengxin Credit Rating Group was found in 1992 through the incorporation of China Chengxin Credit Management Co Ltd, which is the first nation-wide credit rating company of China. China Chengxin Credit Rating Group released the sovereign credit rating report for 30 countries first time in July 2012.[69]

Country Rating Outlook Date Ref.
23x15px Argentina 05Bg Stable 2014-08 [70]
23x15px Australia 19AAAg Stable 2012-08 [70]
23x15px Brazil 12BBBg+ Stable 2012-08 [70]
23x15px Canada 19AAAg Stable 2012-08 [70]
23x15px China 17AAg+ Stable 2012-08 [70]
23x15px Denmark 17AAg+ Stable 2012-08 [70]
23x15px France 16AAg Stable 2012-08 [70]
23x15px Germany 17AAg+ Stable 2012-08 [70]
23x15px Greece 01CCCg N/A 2014-04 [70]
Template:Country data Iceland 10BBBg- Stable 2012-08 [70]
Template:Country data India 11BBBg Stable 2012-08 [70]
Template:Country data Indonesia 10BBBg- Stable 2012-08 [70]
23x15px Ireland 10BBg+ Negative 2012-08 [70]
23x15px Italy 11BBBg Stable 2013-03 [71]
Template:Country data Japan 18AAg+ Stable 2012-08 [70]
23x15px Mexico 12BBBg+ Stable 2012-08 [70]
23x15px Netherlands 18AAg+ Stable 2012-08 [70]
23x15px Norway 19AAAg Stable 2012-08 [70]
23x15px Portugal 07BBg- Negative 2012-08 [70]
23x15px Russia 14Ag Stable 2012-08 [70]
23x15px Saudi Arabia 18AAg+ Stable 2013-07 [70]
23x15px Singapore 19AAAg Stable 2013-07 [70]
23x15px South Africa 14Ag Stable 2013-07 [70]
Template:Country data South Korea 16AAg- Stable 2013-07 [70]
23x15px Spain 09BBg+ Negative 2013-03 [72]
23x16px  Switzerland 19AAAg Stable 2012-08 [70]
23x15px Thailand 12BBBg+ Stable 2012-08 [70]
23x15px Turkey 08BBg Stable 2012-08 [70]
23x15px United Kingdom 18AAg+ Stable 2013-03 [73]
23x15px United States 19AAAg Stable 2012-08 [70]

Not rated

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

Country Details
23x15px Afghanistan
23x15px Antigua and Barbuda
23x15px Bhutan
23x15px Brunei Darussalam
23x15px Burundi
23x15px Central African Republic
23x15px Chad
23x15px Comoros
23x15px Congo
23x15px Cote d'Ivoire
23x15px Djibouti
23x15px Dominica
23x15px Equatorial Guinea
23x15px Eritrea
23x15px Gambia Fitch suspended Gambia’s credit rating after its only traded international bond expired[74]
23x15px Guinea
23x15px Guinea-Bissau
23x15px Guyana
Template:Country data Haiti
Template:Country data Iran Fitch has withdrawn all ratings for Iran following the maturity and full repayment of the last outstanding sovereign eurobond on 21 April 2008.[75]
Template:Country data Iraq
Template:Country data Kiribati
Template:Country data Kyrgyzstan
23x15px Laos
23x15px Liberia
23x15px Libya Fitch has withdrawn all ratings for Libya because it doesn't have enough information to maintain coverage of the issuer.[76]
23x15px Malawi
23x15px Maldives
23x15px Mali Mali was given a credit rating in 2004 as part of a UN development initiative,[77] but the rating was later withdrawn.[78]
23x15px Marshall Islands
23x15px Mauritania
23x15px Monaco
23x15px Myanmar
23x15px Nauru
File:Flag of Nepal.svg   Nepal
23x15px Niger
Template:Country data North Korea
23x15px Palau
23x15px Saint Kitts and Nevis
23x15px Saint Lucia
23x15px Samoa
23x15px Sao Tome and Principe
23x15px Sierra Leone
23x15px Solomon Islands
23x15px Somalia
23x15px Swaziland
23x15px Syria
23x15px Tajikistan
23x15px Tanzania
23x15px Timor Leste
23x15px Togo
23x15px Tonga
23x15px Tuvalu
23x15px Vanuatu
23x15px Zimbabwe

See also

References

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  2. ^ Reference for the United States: "United States of America Long-Term Rating Lowered To 'AA+' On Political Risks And Rising Debt Burden; Outlook Negative" (PDF). Standard & Poor's. Retrieved August 5, 2011. 
  3. ^ "S&P | Ratings Credit Ratings Definitions & FAQs | Americas". Standardandpoors.com. Retrieved 2013-02-25. 
  4. ^ 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 "Sovereigns Ratings List | Standard & Poor's". Standardandpoors.com. Retrieved 2013-02-25. 
  5. ^ 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 "Sovereign Ratings And Country T&C Assessments As Of Nov. 29, 2011". 204.8.132.217. Retrieved 2013-02-25. 
  6. ^ "Sovereigns Rating List". Standard & Poor’s. Retrieved 2014-07-30. 
  7. ^ "S&P raises Cyprus long-term rating to B, outlook positive". 
  8. ^ http://www.egyptindependent.com//news/standard-poor-s-changes-egypt-s-outlook-positive-affirms-b-b-rating
  9. ^ "S&P | Estonia Ratings Affirmed At 'AA-/A-1+'; Outlook Revised To Stable On Economic Resilience And Political Stability". Standard and Poor's. Retrieved 2013-11-03. 
  10. ^ Standards and Poor’s downgrades Grenada's credit rating Jamaica Gleaner. March 13, 2013. Accessed March 21, 2013
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  12. ^ S&P removes Jamaica from 'default' after debt swap Business Recorder. 07 March 2013. Accessed 22 March 2013
  13. ^ [1] Finance Ministry of Latvia
  14. ^ http://www.fxstreet.com/news/forex-news/article.aspx?storyid=1b809fdf-611f-43ca-9d69-15b18975ed4d FXStreet.com January 16, 2013. Accessed March 22, 2013
  15. ^ "S&P raises Pakistan's outlook, forecasts higher growth"". Global Post. Retrieved 2015-05-06. 
  16. ^ "Moody's: "Calificación de BAA2 a Perú se sustenta en su estabilidad" - economía | Perú 21". Perú.21. Retrieved 2013-11-03. 
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  18. ^ standardandpoors.com. "Sovereigns Rating List". Retrieved 8 May 2014. 
  19. ^ Anna Andrianova & Ksenia Galouchko, Russia Credit Rating Cut to Junk by S&P for First Time in Decade, Bloomberg, January 26, 2014.
  20. ^ S&P Downgrades Slovenia´s Rating to A- The Slovenia Times 13 February 2013. Accessed 22 March 2013
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  22. ^ Krasnolutska, Daryna. "Ukrainian Credit-Rating Outlook Raised to Stable at S&P". Bloomberg. Bloomberg. 
  23. ^ "Fitch Ratings — Definitions of Ratings and Other Forms of Opinion" (PDF). Retrieved 2013-02-25. 
  24. ^ 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 "Fitch - Complete Sovereign Rating History". Retrieved 2013-02-25. 
  25. ^ "Fitch Downgrades Argentina's FC IDR to 'RD'". FitchResearch. 2014-07-31. Retrieved 2014-07-31. 
  26. ^ "TEXT:Fitch Upgrades Australia's Foreign-Currency IDR to 'AAA'". Reuters. Retrieved 2013-02-25. 
  27. ^ "Fitch upgrades Colombia credit rating to BBB, outlook stable". Reuters. 2013-07-05. Retrieved 2014-07-29. 
  28. ^ "Fitch cuts Egypt to B-minus on political worries". Reuters. 2013-07-05. Retrieved 2013-07-06. 
  29. ^ http://www.reuters.com/article/2014/12/19/fitch-upgrades-egypt-to-b-outlook-stable-idUSFit87246020141219
  30. ^ "El Salvador Credit Rating Cut to BB- by Fitch on Fiscal Deficit". Bloomberg. 2013-07-16. Retrieved 2013-07-18. 
  31. ^ "France's credit downgraded to AA at Fitch Ratings - MarketWatch". Retrieved 2014-12-12. 
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  34. ^ "Fitch raises Italy's outlook to stable". Ansa. 25 April 2014. 
  35. ^ [2] Delfi.lv
  36. ^ [3] Fitchratings.com
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  38. ^ Bugge, Axel. "Reuters Nov 24, 2011: "Fitch cuts Portugal rating on high debts, worse outlook"". Reuters.com. Retrieved 2013-02-25. 
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  40. ^ Kim, Cynthia (2012-09-06). "South Korea Rating Raised by Fitch on Nation’s Stability". Bloomberg. Retrieved 2013-02-25. 
  41. ^ "Fitch strips Britain of triple-A credit rating". Reuters. Retrieved 2013-04-19. 
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  45. ^ Bases, Daniel (3 April 2012). "Moody's cuts Bosnia rating one notch to B3". Reuters. 
  46. ^ "Moody's upgrades Colombia's rating to Baa2 from Baa3; outlook stable". Moodys.com. Retrieved 2014-07-28. 
  47. ^ "Moody's upgrades Cyprus's government bond rating to B3 and assigns stable outlook". Moodys.com. Retrieved 2014-11-19. 
  48. ^ [4] October 20, 2014. Accessed October 22, 2014
  49. ^ http://www.dailynewsegypt.com/2015/04/07/moodys-raises-egypts-credit-rating-to-b3/
  50. ^ "Moody's ratings agency upgrades German banks". Deutsche Welle. 2013-09-06. 
  51. ^ Simon, Zoltan. "Hungary Debt-Grade Cut to Junk Boosts Need for IMF as Rate Pressure Rises". Bloomberg.com. Retrieved 2013-02-25. 
  52. ^ "Moody's upgrades Ireland to Baa1 from Baa3; outlook stable". Moodys.com. Retrieved 2014-05-17. 
  53. ^ "Italy’s Credit-Rating Outlook Raised to Stable by Moody’s". Bloomberg.com. 2013-02-15. 
  54. ^ [5]
  55. ^ "Germany's AAA credit rating on 'negative outlook'". BBC News. 2012-07-24. 
  56. ^ "Moody's: Mauritius's diversified and resilient economy support rating; fiscal challenges remain". Moodys.com. Retrieved 2015-05-29. 
  57. ^ "Moody’s Raises Pakistan Outlook". bloomberg.com. 
  58. ^ "PHL credit rating upgraded to Baa2". Ang Malaya Net. 
  59. ^ https://www.moodys.com/research/Moodys-downgrades-Russias-sovereign-rating-to-Ba1-from-Baa3-outlook--PR_318857
  60. ^ https://www.moodys.com/research/Moodys-downgrades-Trinidad-and-Tobagos-government-bond-rating-and-issuer--PR_322939
  61. ^ https://www.moodys.com/research/Moodys-downgrades-Ukraines-sovereign-ratings-to-Ca-outlook-remains-negative--PR_320764
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