Sovereign Ratings

The EIU Country Risk Service publishes regular ratings on 120 sovereigns. The ratings for emerging markets are updated monthly while those for most developed countries are updated bi-annually. The sovereign rating measures the risk of a build-up in arrears of principal and/or interest on foreign- and/or local-currency debt that is the direct obligation of the sovereign or guaranteed by the sovereign.

COUNTRIES LATEST DATA
MONTH RATING OUTLOOK
Algeria Mar-10 BB Stable
Angola Mar-10 B Stable
Argentina Mar-10 CCC Stable
Australia Mar-10 BBB Stable
Austria Jan-10 A Stable
Azerbaijan Mar-10 BB Stable
Bahrain Mar-10 BBB Stable
Bangladesh Mar-10 BB Stable
Belgium Jan-10 BBB Stable
Bolivia Mar-10 B Positive
Bosnia and Hercegovina Mar-10 CCC Positive
Botswana Mar-10 BBB Stable
Brazil Mar-10 BB Stable
Bulgaria Mar-10 BB Stable
Cambodia Mar-10 CCC Stable
Cameroon Mar-10 B Stable
Canada Jan-10 AA Stable
Chile Mar-10 A Stable
China Mar-10 BBB Stable
Colombia Mar-10 BB Stable
Costa Rica Mar-10 BB Stable
Côte dIvoire Mar-10 CCC Stable
Croatia Mar-10 B Stable
Cuba Mar-10 CCC Stable
Cyprus Jan-10 A Stable
Czech Republic Mar-10 BBB Stable
Denmark Jan-10 AA Stable
Dominican Republic Mar-10 CCC Positive
Ecuador Mar-10 CCC Stable
Egypt Mar-10 BB Stable
El Salvador Mar-10 BB Stable
Equatorial Guinea Mar-10 BB Stable
Estonia Mar-10 BB Stable
Ethiopia Mar-10 CCC Stable
Finland Jan-10 AA Stable
France Jan-10 A Stable
Gabon Mar-10 BB Stable
Germany Jan-10 AA Stable
Ghana Mar-10 B Stable
Greece Jan-10 BB Stable
Guatemala Mar-10 BB Stable
Honduras Mar-10 CCC Stable
Hong Kong Mar-10 A Stable
Hungary Mar-10 B Stable
India Mar-10 BB Stable
Indonesia Mar-10 BB Stable
Iran Mar-10 B Stable
Iraq Mar-10 CC Stable
Ireland Jan-10 BBB Stable
Israel Mar-10 BBB Stable
Italy Jan-10 BBB Stable
Jamaica Mar-10 CC Stable
Japan Jan-10 BBB Stable
Jordan Mar-10 B Stable
Kazakhstan Mar-10 BB Stable
Kenya Mar-10 CCC Stable
Kuwait Mar-10 A Stable
Latvia Mar-10 B Stable
Lebanon Mar-10 CCC Stable
Libya Mar-10 BB Stable
Lithuania Mar-10 BB Stable
Macedonia Mar-10 CCC Positive
Malawi Mar-10 CCC Stable
Malaysia Mar-10 BBB Stable
Mauritius Mar-10 B Positive
Mexico Mar-10 BB Stable
Moldova Mar-10 CCC Negative
Morocco Mar-10 BB Stable
Mozambique Mar-10 BB Stable
Myanmar Mar-10 C Stable
Namibia Mar-10 BBB Stable
Netherlands Jan-10 AA Stable
New Zealand Mar-10 BBB Stable
Nicaragua Mar-10 CC Stable
Nigeria Mar-10 B Stable
Norway Jan-10 AAA Stable
Oman Mar-10 A Stable
Pakistan Mar-10 CCC Stable
Panama Mar-10 BB Stable
Papua New Guinea Mar-10 BB Stable
Paraguay Mar-10 B Stable
Peru Mar-10 BBB Stable
Philippines Mar-10 B Stable
Poland Mar-10 BB Stable
Portugal Jan-10 BBB Stable
Qatar Mar-10 A Stable
Romania Mar-10 BB Stable
Russia Mar-10 BBB Stable
Saudi Arabia Mar-10 BBB Stable
Senegal Mar-10 B Positive
Serbia Mar-10 CCC Stable
Singapore Mar-10 A Stable
Slovakia Mar-10 BBB Stable
Slovenia Mar-10 A Stable
South Africa Mar-10 BBB Stable
South Korea Mar-10 BBB Stable
Spain Jan-10 BBB Stable
Sri Lanka Mar-10 B Stable
Sudan Mar-10 C Stable
Sweden Jan-10 AA Stable
Switzerland Jan-10 AA Stable
Syria Mar-10 CCC Positive
Taiwan Mar-10 BBB Stable
Tanzania Mar-10 B Stable
Thailand Mar-10 BB Stable
Trinidad and Tobago Mar-10 BBB Stable
Tunisia Mar-10 BB Stable
Turkey Mar-10 B Stable
Uganda Mar-10 BB Stable
Ukraine Mar-10 CCC Negative
United Arab Emirates Mar-10 BB Stable
United Kingdom Jan-10 BBB Stable
United States of America Jan-10 AA Stable
Uruguay Mar-10 BB Stable
Uzbekistan Mar-10 B Stable
Venezuela Mar-10 B Stable
Vietnam Mar-10 CCC Stable
Yemen Mar-10 CC Stable
Zambia Mar-10 BB Stable
Zimbabwe Mar-10 C Stable

Download the numbers in Excel

Characteristics of countries in the different rating bands are summarised as follows:

Band Characteristics
AAA Capacity and commitment to honour obligations not in question under any foreseeable circumstances.
AA Capacity and commitment to honour obligations not in question.
A Capacity and commitment to honour obligations strong.
BBB Capacity and commitment to honour obligations currently but somewhat susceptible to changes in economic climate.
BB Capacity and commitment to honour obligations currently but susceptible to changes in economic climate.
B Capacity and commitment to honour obligations currently but very susceptible to changes in economic climate.
CCC Questionable capacity and commitment to honour obligations. Patchy payment record.
CC Somewhat weak capacity and commitment to honour obligations. Patchy payment record. Likely to be in default on some obligations.
C Weak capacity and commitment to honour obligations. Patchy payment record. Likely to be in default on significant amount of obligations.
D Very weak capacity and commitment to honour obligations. Poor payment record. Currently in default on significant amount of obligations.