United States – Credit Rating

United States – Credit Rating






























Standard & Poor’s credit rating for the United States stands at AA+ with stable outlook. Moody’s credit rating for the United States was last set at Aaa with stable outlook. Fitch’s credit rating for the United States was last reported at AAA with negative outlook. DBRS’s credit rating for the United States is AAA with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of the United States thus having a big impact on the country’s borrowing costs. This page includes the government debt credit rating for the United States as reported by major credit rating agencies.

AgencyRatingOutlookDate
FitchAAA
Negative
Jul 31 2020
DBRSAAA
Stable
Apr 22 2014
FitchAAA
Stable
Mar 21 2014
FitchAAA
Negative Watch
Oct 15 2013
DBRSAAA
Under Review
Oct 09 2013
Moody’sAaa
Stable
Jul 18 2013
S&PAA+
Stable
Jun 10 2013
FitchAAA
Negative
Nov 28 2011
DBRSAAA
Stable
Sep 08 2011
S&PAA+
Negative
Aug 05 2011
Moody’sAaa
Negative
Aug 02 2011
S&PAAA
Negative Watch
Jul 14 2011
Moody’sAaa
Negative Watch
Jul 13 2011
S&PAAA
Negative
Apr 18 2011
FitchAAA
Stable
Sep 21 2000
FitchAAA
N/A
Apr 01 1996
FitchAAA
Negative Watch
Nov 13 1995
FitchAAA
N/A
Aug 10 1994
Moody’sAaa
Stable
Feb 05 1949

S&PMoody’sFitchDBRSTE



Albania




B+




B1















35



Andorra




BBB









BBB+










62



Angola




CCC+




Caa1




CCC










21



Argentina




CCC+




Ca




CCC





CCC




15



Armenia









Ba3




B+










16



Aruba




BBB









BB










52



Australia




AAA




Aaa




AAA





AAA




100



Austria




AA+




Aa1




AA+





AAA




96



Azerbaijan




BB+




Ba2




BB+










48



Bahamas




BB-




Ba2















45



Bahrain




B+




B2




B+










33



Bangladesh




BB-




Ba3




BB-










40



Barbados




B-




Caa1















22



Belarus




B




B3




B










28



Belgium




AA




Aa3




AA-





AA (high)




86



Belize




SD




Caa3















9



Benin




B+




B1




B










31



Bermuda




A+




A2




N/A










78



Bolivia




B+




B2




B










31



Bosnia and Herzegovina




B




B3















27



Botswana




BBB+




A3















70



Brazil




BB-




Ba2




BB-





BB (low)




42



Bulgaria




BBB




Baa1




BBB










61



Burkina Faso




B




















25



Cambodia




N/A




B2















30



Cameroon




B-




B2




B










28



Canada




AAA




Aaa




AA+





AAA




100



Cape Verde




B-









B-










27



Cayman Islands









Aa3















85



Chile




A




A1




A-





N/A




76



China




A+




A1




A+





A (high)




80



Colombia




BB+




Baa2




BB+





BBB (low)




56



Congo




CCC+




Caa1















20



Costa Rica




B




B2




B










31



Croatia




BBB-




Ba1




BBB-










51



Cuba









Caa2















15



Cyprus




BBB-




Ba1




BBB-





BBB (low)




50



Czech Republic




AA-




Aa3




AA-










83



Denmark




AAA




Aaa




AAA





AAA




100



Dominican Republic




BB-




Ba3




BB-










40



Ecuador




B-




Caa3




B-










20



Egypt




B




B2




B+










30



El Salvador




B-




Caa1




B-










25



Estonia




AA-




A1




AA-





AA (low)




83



Ethiopia




B-




Caa1




CCC










25



European Union




AA




Aaa




AAA





AAA




98



Fiji




BB-




B1















40



Finland




AA+




Aa1




AA+





AA (high)




96



France




AA




Aa2




AA





AA (high)




92



Gabon




N/A




Caa1




CCC










23



Georgia




BB




Ba2




BB










45



Germany




AAA




Aaa




AAA





AAA




100



Ghana




B-




B3




B










22



Greece




BB




Ba3




BB





BB (low)




38



Grenada




SD






















Guatemala




BB-




Ba1




BB-










43



Honduras




BB-




B1















35



Hong Kong




AA+




Aa3




AA-










90



Hungary




BBB




Baa3




BBB










58



Iceland




A




A2




A










75



India




BBB-




Baa3




BBB-





BBB (low)




56



Indonesia




BBB




Baa2




BBB










60



Iraq




B-




Caa1




B-










23



Ireland




AA-




A2




A+





A (high)




78



Isle of Man




N/A




Aa3















90



Israel




AA-




A1




A+










81



Italy




BBB




Baa3




BBB-





BBB (high)




61



Ivory Coast




BB-




Ba3




BB-










38



Jamaica




B+




B2




B+










33



Japan




A+




A1




A





A (high)




77



Jordan




B+




B1




BB-










36



Kazakhstan




BBB-




Baa3




BBB










56



Kenya




B




B2




B+










33



Kuwait




A+




A1




AA










85



Kyrgyzstan




NR




B2















30



Laos









Caa2




CCC










20



Latvia




A+




A3




A-





A (low)




73



Lebanon




D




C




RD










11



Lesotho














B










30



Liechtenstein




AAA




















100



Lithuania




A+




A2




A





A




76



Luxembourg




AAA




Aaa




AAA





AAA




100



Macau









Aa3




AA










87



Macedonia




BB-









BB+










45



Malaysia




A-




A3




BBB+










70



Maldives









B3




CCC










27



Mali









Caa1















20



Malta




A-




A2




A+





A (high)




75



Mauritius









Baa2















65



Mexico




BBB




Baa1




BBB-





BBB




60



Moldova









B3















25



Mongolia




B




B3




B










28



Montenegro




B




B1















35



Montserrat




BBB-




















55



Morocco




BB+




Ba1




BB+










51



Mozambique




CCC+




Caa2




CCC










14



Namibia









Ba3




BB










45



Netherlands




AAA




Aaa




AAA





AAA




100



New Zealand




AA+




Aaa




AA










93



Nicaragua




B-




B3




B-










25



Niger









B3

















Nigeria




B-




B2




B










28



Norway




AAA




Aaa




AAA





AAA




99



Oman




B+




Ba3




BB-










40



Pakistan




B-




B3




B-










25



Panama




BBB




Baa2




BBB-










60



Papua New Guinea




B-




B2















27



Paraguay




BB




Ba1




BB+










46



Peru




BBB+




A3




BBB+





N/A




65



Philippines




BBB+




Baa2




BBB










61



Poland




A-




A2




A-





A




71



Portugal




BBB




Baa3




BBB





BBB (high)




71



Puerto Rico




D




















0



Qatar




AA-




Aa3




AA-










85



Republic of the Congo




CCC+




Caa2




CCC










20



Romania




BBB-




Baa3




BBB-










55



Russia




BBB-




Baa3




BBB










55



Rwanda




B+




B2




B+










33



San Marino














BB+










55



Saudi Arabia




A-




A1




A










75



Senegal




B+




Ba3















37



Serbia




BB+




Ba2




BB+










46



Seychelles














B










35



Singapore




AAA




Aaa




AAA





AAA




98



Slovakia




A+




A2




A





A (high)




76



Slovenia




AA-




A3




A





A (high)




75



Solomon Islands









B3















25



South Africa




BB-




Ba2




BB-










45



South Korea




AA




Aa2




AA-










86



Spain




A




Baa1




A-





A




71



Sri Lanka




CCC+




Caa1




CCC










20



St Vincent and the Grenadines









B3















25



Suriname




SD




Caa3




RD










15



Swaziland









B3















30



Sweden




AAA




Aaa




AAA





AAA




99



Switzerland




AAA




Aaa




AAA





AAA




100



Taiwan




AA




Aa3




AA-










85



Tajikistan




B-




B3















25



Tanzania









B2















35



Thailand




BBB+




Baa1




BBB+










65



Togo




B




B3















30



Trinidad and Tobago




BBB-




Ba1















52



Tunisia




N/A




B3




B-










28



Turkey




B+




B2




BB-





BB (high)




35



Uganda




B




B2




B+










31



Ukraine




B




B3




B










26



United Arab Emirates




AA




Aa2




AA-










90



United Kingdom




AA




Aa3




AA-





AA (high)




90



United States




AA+




Aaa




AAA





AAA




98



Uruguay




BBB




Baa2




BBB-





BBB (low)




55



Uzbekistan




BB-




B1




BB-










38



Venezuela




SD




WR




RD










11



Vietnam




BB




Ba3




BB










43



Zambia




SD




Ca




RD










30


Export
API

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

speculative
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
Extremely speculative
10
CCC-
Caa3
CCC (low)
In default with little

prospect for recovery

CC
Ca
CC
5
C
C
C
0
D
/
DDD

In default
/
DD
D

D



Standard & Poor, Moody’s, Fitch 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 email us at contact@tradingeconomics.com