Rating agencies

The table contains rating evaluation of individual countries (sovereign rating). For rating evaluation of market subjects, e.g. banks, it is necessary to contact directly these institutions.

The methodology of conducting rating evaluation by individual agencies can be found on their web pages:

www.moodys.com
www.standardandpoors.com
www.fitchratings.com

Rating evaluation of individual countries

(Foreign Currency Long-Term Sovereign Debt Ratings)

Last update: 19 August 2024

MOODY'S STANDARD & POOR'S Fitch
Investment grades
Aaa Australia, Canada, Denmark, Germany, Netherlands, New Zealand, Luxembourg, Norway, Singapore, Sweden, Switzerland, USA AAA Australia, Canada, Denmark, Germany, Lichtenstein, Luxembourg, Netherlands, Norway, Singapore, Switzerland, Sweden Australia, Denmark, Germany, Luxembourg, Netherlands, Norway, Singapore, Sweden, Switzerland
Aa1 Austria, Finland AA+ Austria, Finland, Hong Kong, New Zealand, Taiwan, USA Austria, Canada, Finland, New Zealand, USA
Aa2 France, S. Korea, Katar, United Arab Emirates AA Belgium, Ireland, Qatar, S. Korea, United Arab Emirates, United Kingdom Ireland, Katar, Taiwan
Aa3 Belgium, CZECH REPUBLIC, Ireland, Hong Kong, Taiwan, United Kingdom AA- CZECH REPUBLIC, France, Slovenia Belgium, CZECH REPUBLIC, France, Hong Kong, Kuwait, S. Korea, United Arab Emirates, United Kingdom
A1 China, Estonia, Japan, Kuwait, S. Arabia A+ Estonia, China, Iceland, Israel, Japan, Kuwait, Slovakia China, Estonia, Malta, S. Arabia
A2 Chile, Iceland, Israel, Lithuania, Malta, Poland, Slovakia A Chile, Latvia, Lithuania, S. Arabia, Spain Iceland, Israel, Japan, Lithuania, Slovenia
A3 Latvia, Malaysia, Portugal, Slovenia A- Malaysia, Malta, Poland, Portugal Chile, Ireland, Latvia, Poland, Portugal, Slovakia, Spain
Baa1 Bulgaria, Spain BBB+ Croatia, Cyprus Croatia, Cyprus, Malaysia
Baa2 Croatia, Cyprus, Hungary, Indonesia, Kazakhstan, Mexico BBB Bulgaria, Indonesia, Italy, Mexico Bulgaria, Hungary, Indonesia, Italy, Kazakhstan
Baa3 India, Italy, Romania BBB- Greece, Hungary, India, Kazakhstan, Romania Greece, India, Mexico, Romania
Non-investment grades
Ba1 Greece BB+ Serbia, Vietnam Northern Macedonia, Serbia, Vietnam
Ba2 Brazil, S. Africa, Serbia, Vietnam BB Brazil Brazil
Ba3   BB- Albania, Northern Macedonia, S. Africa S. Africa
B1 Albania, Montenegro, Turkey B+ Bosnia and Herzegovina, Turkey Turkey
B2   B Mongolia, Montenegro Mongolia
B3 Bosnia, Moldova, Mongolia B- Egypt Egypt
Caa1 Egypt CCC+ Pakistan Pakistan
Caa2   CCC Argentina  
Caa3 Pakistan CCC-    
Ca Argentina, Ukraine CC   Argentina
C Belarus C    
SD   SD Ukraine Ukraine
D   D    

 

Developmets of the rating of the CR

(Foreign Currency Long-Term Sovereign Debt Ratings)

Last update: 19 August 2024

  Moody's Standard and Poor's Fitch
1992 Ba1
1993 Baa3 BBB
1994 Baa2 BBB+
1995 Baa1 A A-
1996 Baa1 A A-
1997 Baa1 A BBB+
1998 Baa1 A- BBB+
1999 Baa1 A- BBB+
2000 Baa1 A- BBB+
2001 Baa1 A- BBB+
2002 A1 A- BBB+
2003 A1 A- A-
2004 A1 A- A-
2005 A1 A- A
2006 A1 A- A
2007 A1 A A
2008 A1 A A+
2009 A1 A A+
2010 A1 A A+
2011 A1 AA- A+
2012 A1 AA- A+
2013 A1 AA- A+
2014 A1 AA- A+
2015 A1 AA- A+
2016 A1 AA- A+
2017 A1 AA- A+
2018 A1 AA- AA-
2019 Aa3 AA- AA-
2020 Aa3 AA- AA-
2021 Aa3 AA- AA-
2022 Aa3 AA- AA-
2023 Aa3 AA- AA-
2024 Aa3 AA- AA-