Fitch 2019

Fitch: Sovereign Ratings List

Country	Long term		Short term
	Foreign currency	Local currency	Foreign currency	Local currency
United States [+]	AAA	AAA	F1+	F1+
United Kingdom [+]	AA	AA	F1+	F1+
Germany [+]	AAA	AAA	F1+	F1+
France [+]	AA	AA	F1+	F1+
Japan [+]	A	A	F1+	F1+
Spain [+]	A-	A-	F1	F1
Italy [+]	BBB	BBB	F2	F2
Portugal [+]	BBB	BBB	F2	F2
Greece [+]	BB-	BB-	B	B
Ireland [+]	A+	A+	F1+	F1+
Andorra [+]	BBB+		F2
United Arab Emirates [+]	A	A	F1+	F1+
Armenia [+]	B+	B+	B	B
Angola [+]	B	B	B	B
Argentina [+]	CC	CC	C	C
Austria [+]	AA+	AA+	F1+	F1+
Australia [+]	AAA	AAA	F1+	F1+
Azerbaijan [+]	BB+	BB+	B	B
Bangladesh [+]	BB-	BB-	B	B
Belgium [+]	AA-	AA-	F1+	F1+
Bulgaria [+]	BBB	BBB	F2	F2
Bahrain [+]	BB-	BB-	B	B
Benin [+]	B	B	B	B
Bolivia [+]	BB-	BB-	B	B
Brazil [+]	BB-	BB-	B	B
Belarus [+]	B	B	B	B
Canada [+]	AAA	AAA	F1+	F1+
Republic of the Congo [+]	CCC	CCC	C	C
Switzerland [+]	AAA	AAA	F1+	F1+
Ivory Coast [+]	B+	B+	B	B
Chile [+]	A	A+	F1	F1+
Cameroon [+]	B	B	B	B
China [+]	A+	A+	F1+	F1+
Colombia [+]	BBB	BBB	F2	F2
Costa Rica [+]	B+	B+	B	B
Cape Verde [+]	B	B	B	B
Cyprus [+]	BBB-	BBB-	F3	F3
Czech Republic [+]	AA-	AA-	F1+	F1+
Denmark [+]	AAA	AAA	F1+	F1+
Dominican Republic [+]	BB-	BB-	B	B
Ecuador [+]	B-	B-	B	B
Estonia [+]	AA-	AA-	F1+	F1+
Egypt [+]	B+	B+	B	B
Ethiopia [+]	B	B	B	B
Finland [+]	AA+	AA+	F1+	F1+
Gabon [+]	B	B	B	B
Georgia [+]	BB	BB	B	B
Ghana [+]	B	B	B	B
The Gambia [+]	CCC	CCC	C
Guatemala [+]	BB	BB	B	B
Hong Kong [+]	AA	AA	F1+	F1+
Croatia [+]	BBB-	BBB-	F3	F3
Hungary [+]	BBB	BBB	F2	F2
Indonesia [+]	BBB	BBB	F2	F2
Israel [+]	A+	A+	F1+	F1+
India [+]	BBB-	BBB-	F3	F3
Iraq [+]	B-		B
Iran [+]	B+	B+	B
Iceland [+]	A	A	F1+	F1+
Jamaica [+]	B+	B+	B	B
Jordan [+]	BB-	BB-	B	B
Kenya [+]	B+	B+	B	B
South Korea [+]	AA-	AA-	F1+	F1+
Kuwait [+]	AA	AA	F1+	F1+
Kazakhstan [+]	BBB	BBB	F2	F2
Lebanon [+]	CCC	CCC	C	C
Sri Lanka [+]	B	B	B	B
Lesotho [+]	B	B	B	B
Lithuania [+]	A-	A-	F1	F1
Luxembourg [+]	AAA	AAA	F1+	F1+
Latvia [+]	A-	A-	F1	F1
Libya [+]	B	B	B
Morocco [+]	BBB-	BBB-	F3	F3
Moldova [+]	B-	B	B
North Macedonia [+]	BB+	BB+	B	B
Mali [+]	B-	B-	B
Mongolia [+]	B	B	B	B
Malta [+]	A+	A+	F1+	F1+
Maldives [+]	B+	B+	B	B
Malawi [+]	B-	B-	B
Mexico [+]	BBB	BBB	F2	F2
Malaysia [+]	A-	A-	F1	F1
Mozambique [+]	RD	CC	C	C
Namibia [+]	BB	BB	B	B
Nigeria [+]	B+	B+	B	B
Nicaragua [+]	B-	B-	B	B
Netherlands [+]	AAA	AAA	F1+	F1+
Norway [+]	AAA	AAA	F1+	F1+
New Zealand [+]	AA	AA+	F1+	F1+
Oman [+]	BB+	BB+	B	B
Panama [+]	BBB	BBB	F2	F2
Peru [+]	BBB+	A-	F1	F1
Papua New Guinea [+]	B+	B+	B
Philippines [+]	BBB	BBB	F2	F2
Pakistan [+]	B-	B-	B	B
Poland [+]	A-	A-	F2	F1
Paraguay [+]	BB+	BB+	B	B
Qatar [+]	AA-	AA-	F1+	F1+
Romania [+]	BBB-	BBB-	F3	F3
Serbia [+]	BB+	BB+	B	B
Russia [+]	BBB	BBB	F2	F2
Rwanda [+]	B+	B+	B	B
Saudi Arabia [+]	A	A	F1+	F1+
Seychelles [+]	BB	BB	B	B
Sweden [+]	AAA	AAA	F1+	F1+
Singapore [+]	AAA	AAA	F1+	F1+
Slovenia [+]	A	A	F1+	F1+
Slovakia [+]	A+	A+	F1+	F1+
San Marino [+]	BBB-		F3
Suriname [+]	B-	B-	B	B
El Salvador [+]	B-	B-	B	B
Thailand [+]	BBB+	BBB+	F1	F1
Turkmenistan [+]	CCC-		C
Tunisia [+]	B+	B+	B	B
Turkey [+]	BB-	BB-	B	B
Taiwan [+]	AA-	AA-	F1+	F1+
Ukraine [+]	B	B	B	B
Uganda [+]	B+	B+	B	B
Uruguay [+]	BBB-	BBB-	F3	F3
Uzbekistan [+]	BB-	BB-	B	B
Venezuela [+]	WD	WD	WD	WD
Vietnam [+]	BB	BB	B	B
South Africa [+]	BB+	BB+	B	B
Zambia [+]	CCC	CCC	C	C

Fitch: Sovereign Ratings

Grade	Fitch
Prime	AAA
High grade	AA+
	AA
	AA-
Upper medium grade	A+
	A
	A-
Lower medium grade	BBB+
	BBB
	BBB-
Non-investment grade speculative	BB+
	BB
	BB-
Highly speculative	B+
	B
	B-
Substantial risks	CCC+
	CCC
	CCC-
Extremely speculative	CC
Extremely speculative	C
In default with little prospect for recovery	RD
In default	D
	DD
	DDD
Not rated

Grade	Fitch
High grade	F1+
Upper medium grade	F1
Lower medium grade	F2
Non-investment grade speculative	F3
Highly speculative	B
Extremely speculative	C