S&P: Sovereign Ratings List
| Long Term | Short Term | ||
|---|---|---|---|
| Local Currency | Foreign Currency | Local Currency | Foreign Currency |
| United States [+] | AA+ | AA+ | A-1+ |
| United Kingdom [+] | AAA | AAA | A-1+ |
| Germany [+] | AAA | AAA | A-1+ |
| France [+] | AA+ | AA+ | A-1+ |
| Japan [+] | AA- | AA- | A-1+ |
| Spain [+] | BBB- | BBB- | A-3 |
| Italy [+] | BBB+ | BBB+ | A-2 |
| Portugal [+] | BB | BB | B |
| Greece [+] | B- | B- | B |
| Ireland [+] | BBB+ | BBB+ | A-2 |
| United Arab Emirates [+] | AA | AA | A-1+ |
| Albania [+] | B+ | B+ | B |
| Angola [+] | BB- | BB- | B |
| Argentina [+] | B- | raA | B |
| Austria [+] | AA+ | AA+ | A-1+ |
| Australia [+] | AAA | AAA | A-1+ |
| Azerbaijan [+] | BBB- | BBB- | A-3 |
| Bosnia and Herzegovina [+] | B | B | B |
| Bangladesh [+] | BB- | BB- | B |
| Belgium [+] | AA | AA | A-1+ |
| Burkina Faso [+] | B | BBB- | B |
| Bulgaria [+] | BBB | BBB | A-2 |
| Bahrain [+] | BBB | BBB | A-2 |
| Benin [+] | B | B | B |
| Bolivia [+] | BB- | BB- | B |
| Brazil [+] | BBB | A- | A-2 |
| Botswana [+] | A- | A- | A-2 |
| Belarus [+] | B- | B- | B |
| Belize [+] | B- | B- | B |
| Canada [+] | AAA | AAA | A-1+ |
| Switzerland [+] | AAA | AAA | A-1+ |
| Chile [+] | AA- | AA+ | A-1+ |
| Cameroon [+] | B | B | B |
| China [+] | AA- | cnAAA | A-1+ |
| Colombia [+] | BBB | BBB+ | A-2 |
| Costa Rica [+] | BB | BB | B |
| Cyprus [+] | CCC | CCC | C |
| Czech Republic [+] | AA- | AA | A-1+ |
| Denmark [+] | AAA | AAA | A-1+ |
| Dominican Republic [+] | B+ | B+ | B |
| Ecuador [+] | B | B | B |
| Estonia [+] | AA- | AA- | A-1+ |
| Egypt [+] | CCC+ | CCC+ | C |
| Finland [+] | AAA | AAA | A-1+ |
| Gabon [+] | BB- | BB- | B |
| Georgia [+] | BB- | BB- | B |
| Ghana [+] | B | B | B |
| Guatemala [+] | BB | BB+ | B |
| Hong Kong [+] | AAA | cnAAA | A-1+ |
| Honduras [+] | B+ | B+ | B |
| Croatia [+] | BB+ | BB+ | B |
| Hungary [+] | BB | BB | B |
| Indonesia [+] | BB+ | BBB- | B |
| Israel [+] | A+ | A+ | A-1 |
| India [+] | BBB- | BBB- | A-3 |
| Iceland [+] | BBB- | BBB- | A-3 |
| Jordan [+] | BB | BB | B |
| Kenya [+] | B+ | B+ | B |
| Cambodia [+] | B | B | B |
| South Korea [+] | A+ | AA- | A-1 |
| Kuwait [+] | AA | AA | A-1+ |
| Kazakhstan [+] | BBB+ | BBB+ | A-2 |
| Lebanon [+] | B | B | B |
| Sri Lanka [+] | B+ | B+ | A-1 |
| Lithuania [+] | BBB | BBB | A-2 |
| Luxembourg [+] | AAA | AAA | A-1+ |
| Latvia [+] | BBB | BBB | A-2 |
| Morocco [+] | BBB- | BBB | A-3 |
| Montenegro [+] | BB- | BB- | B |
| Republic of Macedonia [+] | BB | BB | B |
| Mongolia [+] | BB- | BB | B |
| Malta [+] | BBB+ | BBB+ | A-2 |
| Mexico [+] | BBB | A- | A-2 |
| Malaysia [+] | A- | axAAA | A-2 |
| Nigeria [+] | BB- | ngAA- | B |
| Netherlands [+] | AAA | AAA | A-1+ |
| Norway [+] | AAA | AAA | A-1+ |
| New Zealand [+] | AA | AA+ | A-1+ |
| Oman [+] | A | A | A-1 |
| Panama [+] | BBB | BBB | A-2 |
| Peru [+] | BBB | A- | A-2 |
| Papua New Guinea [+] | B+ | B+ | B |
| Philippines [+] | BBB- | axA- | A-3 |
| Pakistan [+] | B- | B- | B |
| Poland [+] | A- | A | A-2 |
| Paraguay [+] | BB- | BB- | B |
| Qatar [+] | AA | AA | A-1+ |
| Romania [+] | BB+ | BB+ | B |
| Serbia [+] | BB- | BB- | B |
| Russia [+] | BBB | BBB+ | A-2 |
| Saudi Arabia [+] | AA- | AA- | A-1+ |
| Sweden [+] | AAA | AAA | A-1+ |
| Singapore [+] | AAA | axAAA | A-1+ |
| Slovenia [+] | A- | A- | A-2 |
| Slovakia [+] | A | A | A-1 |
| Senegal [+] | B+ | BBB- | B |
| El Salvador [+] | BB- | BB- | B |
| Thailand [+] | BBB+ | axAA | A-2 |
| Tunisia [+] | BB- | BB- | B |
| Turkey [+] | BB+ | trAAA | B |
| Taiwan [+] | AA- | cnAAA | A-1+ |
| Ukraine [+] | B | uaA- | B |
| Uganda [+] | B+ | BB- | B |
| Uruguay [+] | BBB- | BBB- | A-3 |
| Venezuela [+] | B+ | B+ | B |
| South Africa [+] | BBB | A- | A-2 |
| Zambia [+] | B+ | B+ | B |
| Grade | S&P Long Term | S&P Short Term |
|---|---|---|
| Prime | AAA | A-1+ |
| High grade | AA+ | |
| AA | ||
| AA- | ||
| Upper medium grade | A+ | A-1- |
| A | ||
| A- | A-2- | |
| Lower medium grade | BBB+ | |
| BBB | A-3- | |
| BBB- | ||
| Non-investment grade speculative |
BB+ | B |
| BB | ||
| BB- | ||
| Highly speculative | B+ | |
| B | ||
| B- | ||
| Substantial risks | CCC+ | C |
| Extremely speculative | CCC | |
| In default with little prospect for recovery |
CCC- | |
| CC | ||
| C | ||
| In default | D |