Global 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 Sep-12 BB Stable
Angola Sep-12 BB Stable
Argentina Sep-12 CCC Stable
Australia Sep-12 BBB Stable
Austria Jul-12 A Stable
Azerbaijan Sep-12 BB Stable
Bahrain Sep-12 BB Stable
Bangladesh Sep-12 B Stable
Belgium Jul-12 BBB Stable
Bolivia Sep-12 BB Stable
Bosnia and Hercegovina Sep-12 CCC Stable
Botswana Aug-12 A Stable
Brazil Sep-12 BBB Stable
Bulgaria Sep-12 BB Positive
Cambodia Sep-12 CCC Stable
Cameroon Aug-12 B Stable
Canada Jul-12 AA Stable
Chile Sep-12 A Stable
China Sep-12 BBB Stable
Colombia Sep-12 BBB Stable
Costa Rica Sep-12 BB Stable
Côte dIvoire Aug-12 B Stable
Croatia Sep-12 B Stable
Cuba Sep-12 CCC Stable
Cyprus Aug-12 B Stable
Czech Republic Sep-12 BBB Stable
Denmark Jul-12 AA Stable
Dominican Republic Aug-12 B Stable
Ecuador Sep-12 CCC Stable
Egypt Sep-12 CCC Stable
El Salvador Jul-12 BB Stable
Equatorial Guinea Jul-12 BB Stable
Estonia Jul-12 A Stable
Ethiopia Sep-12 B Stable
Finland Jul-12 AA Stable
France Jul-12 A Negative
Gabon Sep-12 BB Stable
Germany Jul-12 AA Negative
Ghana Sep-12 B Stable
Greece Jul-12 CC Stable
Guatemala Sep-12 BB Stable
Honduras Aug-12 B Stable
Hong Kong Sep-12 AA Stable
Hungary Sep-12 BB Stable
India Sep-12 BB Stable
Indonesia Sep-12 BB Stable
Iran Sep-12 CCC Stable
Iraq Sep-12 CCC Stable
Ireland Jul-12 BB Stable
Israel Sep-12 BBB Stable
Italy Jul-12 BB Stable
Jamaica Sep-12 CC Stable
Japan Jul-12 BBB Stable
Jordan Sep-12 CCC Stable
Kazakhstan Sep-12 BBB Stable
Kenya Sep-12 CCC Stable
Kuwait Sep-12 A Stable
Latvia Sep-12 B Stable
Lebanon Sep-12 CCC Stable
Libya Sep-12 B Stable
Lithuania Sep-12 BB Stable
Macedonia Aug-12 B Stable
Malawi Sep-12 B Stable
Malaysia Sep-12 BBB Stable
Mauritius Aug-12 B Stable
Mexico Sep-12 BBB Stable
Moldova Jul-12 B Stable
Morocco Sep-12 B Stable
Mozambique Sep-12 BB Stable
Myanmar Sep-12 CC Positive
Namibia Aug-12 BBB Stable
Netherlands Jul-12 A Stable
New Zealand Sep-12 BBB Stable
Nicaragua Sep-12 CCC Stable
Nigeria Sep-12 B Stable
Norway Jul-12 AAA Stable
Oman Sep-12 A Stable
Pakistan Sep-12 CCC Negative
Panama Sep-12 BB Stable
Papua New Guinea Sep-12 BB Stable
Paraguay Jul-12 BB Negative
Peru Sep-12 A Stable
Philippines Sep-12 BB Stable
Poland Sep-12 BB Stable
Portugal Jul-12 BB Negative
Qatar Sep-12 AA Stable
Romania Sep-12 BB Stable
Russia Sep-12 BBB Stable
Saudi Arabia Sep-12 BBB Stable
Senegal Jul-12 BB Negative
Serbia Sep-12 CCC Stable
Singapore Sep-12 A Stable
Slovakia Sep-12 A Stable
Slovenia Sep-12 A Negative
South Africa Sep-12 BBB Stable
South Korea Sep-12 BBB Stable
Spain Jul-12 BB Stable
Sri Lanka Sep-12 B Stable
Sudan Sep-12 C Stable
Sweden Jul-12 AA Stable
Switzerland Jul-12 AA Stable
Syria Sep-12 CC Stable
Taiwan Sep-12 A Stable
Tanzania Sep-12 B Stable
Thailand Sep-12 BB Stable
Trinidad and Tobago Aug-12 BBB Stable
Tunisia Sep-12 CCC Stable
Turkey Sep-12 B Stable
Uganda Sep-12 B Stable
Ukraine Sep-12 CCC Stable
United Arab Emirates Sep-12 BB Stable
United Kingdom Jul-12 BBB Stable
United States of America Jul-12 AA Stable
Uruguay Jul-12 BB Stable
Uzbekistan Sep-12 B Stable
Venezuela Sep-12 CCC Stable
Vietnam Sep-12 CCC Positive
Yemen Sep-12 CC Stable
Zambia Sep-12 BB Negative
Zimbabwe Sep-12 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.