List of countries by credit rating

For S&P, a bond is considered investment grade if its credit rating is BBB− or higher.

CC indicates 'Very High Levels of Credit Risk' where 'default of some kind appears probable'.

[104] For Moody's, a bond is considered investment grade if its credit rating is Baa3 or higher.

For DBRS Morningstar,[369] a bond is considered investment grade if its credit rating is BBB(low) or higher.

JCR is a Nationally Recognized Statistical Rating Organization by the U.S. Securities and Exchange Commission.

Map of S&P's sovereign long-term foreign credit ratings as of March 2024.
Legend:
AAA AA+ AA AA−
A+ A A− BBB+
BBB BBB− BB+ BB
BB− B+ B B−
CCC+ CCC CCC− SD/D
Map of Fitch's sovereign long-term foreign credit ratings.
Legend:
AAA AA+ AA AA−
A+ A A− BBB+
BBB BBB− BB+ BB
BB− B+ B B−
CCC+ CCC CCC− RD
Map of Moody's sovereign long-term foreign credit ratings.
Legend:
Aaa Aa1 Aa2 Aa3 A1
A2 A3 Baa1 Baa2 Baa3
Ba1 Ba2 Ba3 B1 B2
B3 Caa1 Caa2 Caa3 Ca C