.

Red: junk, Orange: under observation, Green: top notch

.

ISO codeCountryMOODYS RATINGMOODYS OUTLOOKFitch RATINGFITCH OUTLOOKS and P RATINGS and P OUTLOOK

.

ALAlbaniaB1STABLEB+STABLE

.

ADAndorra (Principality of)ANEGATIVE

.

AOAngolaBa3STABLEBB-STABLEBB-STABLE

.

ARArgentinaB3STABLEBSTABLEBSTABLE

.

AMArmeniaBa2NEGATIVEBB-STABLE

.

AWArubaBBBSTABLEA-STABLE

.

AUAustraliaAaaSTABLEAAASTABLEAAASTABLE

.

ATAustriaAaaSTABLEAAASTABLEAA+NEGATIVE

.

AZAzerbaijanBa1POSITIVEBBB-POSITIVEBBB-NEGATIVE

.

BSBahamasA3NEGATIVEBBBSTABLE

.

BHBahrainBaa1NEGATIVEBBBSTABLEBBBNEGATIVE

.

BDBangladeshBa3STABLEBB-STABLE

.

BBBarbadosBaa3NEGATIVEBBB-NEGATIVE

.

BYBelarusB3NEGATIVEB-NEGATIVE

.

BEBelgiumAa1RUR-AA+NEGATIVEAANEGATIVE

.

BZBelizeB3STABLEB-NEGATIVE

.

BJBeninBSTABLEBSTABLE

.

BMBermudaAa2STABLEAA+STABLEAA-STABLE

.

BTBoliviaB1POSITIVEB+STABLEB+POSITIVE

.

BABosnia and HerzegovinaB2NEGATIVEBWATCH NEGATIVE

.

BWBotswanaA2STABLEA-STABLE

.

BRBrazilBaa2POSITIVEBBBSTABLEBBBSTABLE

.

BGBulgariaBaa2STABLEBBB-POSITIVEBBBSTABLE

.

BFBurkina FasoBSTABLE

.

KHCambodiaB2STABLEBSTABLE

.

CMCameroonBSTABLEBSTABLE

.

CACanadaAaaSTABLEAAASTABLEAAASTABLE

.

CVCape VerdeB+STABLEB+STABLE

.

CLChileAa3STABLEA+STABLEA+POSITIVE

.

CNChinaAa3POSITIVEA+STABLEAA-STABLE

.

COColombiaBaa3STABLEBBB-STABLEBBB-STABLE

.

CKCook IslandsB+STABLE

.

CRCosta RicaBaa3STABLEBB+STABLEBBSTABLE

.

HRCroatiaBaa3STABLEBBB-NEGATIVEBBB-NEGATIVE

.

CUCubaCaa1STABLE

.

CuracaoA-NEGATIVE

.

CYCyprusBaa3RUR-BBBNEGATIVEBB+NEGATIVE

.

CZCzech RepublicA1STABLEA+POSITIVEAA-STABLE

.

DKDenmarkAaaSTABLEAAASTABLEAAASTABLE

.

DODominican RepublicB1STABLEBPOSITIVEB+STABLE

.

ECEcuadorCaa2STABLEB-STABLEB-POSITIVE

.

EGEgyptB1NEGATIVEBBNEGATIVEB+NEGATIVE

.

SVEl SalvadorBa2STABLEBBSTABLEBB-STABLE

.

EEEstoniaA1STABLEA+STABLEAA-NEGATIVE

.

FJFijiB1NEGATIVEBSTABLE

.

FIFinlandAaaSTABLEAAASTABLEAAAWATCH NEGATIVE

.

FRFranceAaaSTABLEAAASTABLEAA+NEGATIVE

.

GAGabonBB-STABLEBB-STABLE

.

GEGeorgiaBa3STABLEB+POSITIVEBB-STABLE

.

DEGermanyAaaSTABLEAAASTABLEAAAWATCH NEGATIVE

.

GHGhanaB+STABLEBSTABLE

.

GRGreeceCaDEVELOPINGCCCCCNEGATIVE

.

GDGrenadaB-STABLE

.

GTGuatemalaBa1STABLEBB+STABLEBBNEGATIVE

.

GGGuernseyAA+STABLE

.

HNHondurasB2STABLEBPOSITIVE

.

HKHong KongAa1POSITIVEAA+STABLEAAASTABLE

.

HUHungaryBaa3NEGATIVEBBB-NEGATIVEBB+NEGATIVE

.

ISIcelandBaa3NEGATIVEBB+STABLEBBB-STABLE

.

INIndiaBaa3STABLEBBB-STABLEBBB-STABLE

.

IDIndonesiaBa1STABLEBB+POSITIVEBB+POSITIVE

.

IEIrelandBa1NEGATIVEBBB+NEGATIVEBBB+NEGATIVE

.

IMIsle of ManAaaSTABLEAA+STABLE

.

ILIsraelA1STABLEASTABLEA+STABLE

.

ITItalyA2NEGATIVEA+NEGATIVEBBB+NEGATIVE

.

JMJamaicaB3STABLEB-STABLEB-NEGATIVE

.

JPJapanAa3STABLEAANEGATIVEAA-NEGATIVE

.

JOJordanBa2NEGATIVEBBNEGATIVE

.

KZKazakhstanBaa2STABLEBBBPOSITIVEBBB+STABLE

.

KEKenyaB+STABLEB+STABLE

.

KPKoreaA1STABLEA+POSITIVEASTABLE

.

KWKuwaitAa2STABLEAASTABLEAASTABLE

.

LVLatvia (Republic of)Baa3POSITIVEBBB-POSITIVEBB+POSITIVE

.

LBLebanonB1STABLEBSTABLEBSTABLE

.

LSLesothoBB-NEGATIVE

.

LILiechtensteinAAASTABLE

.

LTLithuaniaBaa1STABLEBBBPOSITIVEBBBSTABLE

.

LULuxembourgAaaSTABLEAAASTABLEAAANEGATIVE

.

MOMacedoniaBB+STABLEBBSTABLE

.

MYMalaysiaA3STABLEA-STABLEA-STABLE

.

MTMaltaA2NEGATIVEA+STABLEA-NEGATIVE

.

MXMexicoBaa1STABLEBBBSTABLEBBBSTABLE

.

MNMongoliaB1STABLEB+STABLEBB-STABLE

.

MEMontenegroBa3STABLEBBNEGATIVE

.

MAMoroccoBa1STABLEBBB-STABLEBBB-STABLE

.

MZMozambiqueBSTABLEB+STABLE

.

MSMonstserrat

.

NANamibiaBaa3STABLEBBB-POSITIVE

.

NLNetherlandsAaaSTABLEAAASTABLEAAAWATCH NEGATIVE

.

NZNew ZealandAaaSTABLEAASTABLEAASTABLE

.

NGNigeriaBB-STABLEB+STABLE

.

NONorwayAaaSTABLEAAASTABLEAAASTABLE

.

OMOman (Sultanate of)A1STABLEANEGATIVE

.

PKPakistanB3STABLEB-STABLE

.

PAPanamaBaa3POSITIVEBBBSTABLEBBB-POSITIVE

.

PGPapua New GuineaB1STABLEB+STABLE

.

PYParaguayB1STABLEBB-STABLE

.

PEPeruBaa3POSITIVEBBBSTABLEBBBSTABLE

.

PHPhilippinesBa2STABLEBB+STABLEBBSTABLE

.

PLPolandA2STABLEA-STABLEA-STABLE

.

PTPortugalBa2NEGATIVEBBB-NEGATIVEBBNEGATIVE

.

QAQatarAa2STABLEAASTABLE

.

RORomaniaBaa3STABLEBBB-STABLEBB+STABLE

.

RORussiaBaa1STABLEBBBPOSITIVEBBBSTABLE

.

RWRwandaBSTABLEBPOSITIVE

.

SMSan MarinoANEGATIVE

.

SASaudi ArabiaAa3STABLEAA-STABLEAA-STABLE

.

SNSenegalB1STABLEB+NEGATIVE

.

RSSerbiaBB-STABLEBBSTABLE

.

SCSeychellesBSTABLE

.

SGSingaporeAaaSTABLEAAASTABLEAAASTABLE

.

SKSlovak RepublicA1STABLEA+STABLEANEGATIVE

.

SISloveniaAa3RUR-AA-NEGATIVEA+NEGATIVE

.

ZASouth AfricaA3NEGATIVEBBB+STABLEBBB+STABLE

.

KRSouth Korea

.

ESSpainA1NEGATIVEAA-NEGATIVEANEGATIVE

.

LKSri LankaB1POSITIVEBB-STABLEB+POSITIVE

.

SRSurinameB1STABLEB+STABLEBB-STABLE

.

SESwedenAaaSTABLEAAASTABLEAAASTABLE

.

CHSwitzerlandAaaSTABLEAAASTABLEAAASTABLE

.

SYTaiwanAa3STABLEA+STABLEAA-STABLE

.

THThailandBaa1STABLEBBBSTABLEBBB+STABLE

.

TOTrinidad & TobagoBaa1STABLEASTABLE

.

TNTunisiaBaa3NEGATIVEBBB-NEGATIVEBBB-NEGATIVE

.

TRTurkeyBa2POSITIVEBB+POSITIVEBBPOSITIVE

.

UGUgandaBSTABLEB+STABLE

.

UAUkraineB2STABLEBSTABLEB+STABLE

.

AEUnited Arab Emirates (Abu Dhabi)Aa2STABLEAASTABLEAASTABLE

.

AEUnited Arab Emirates (Emirate of Ras Al Khaimah)Aa2STABLEASTABLE

.

GBUnited KingdomAaaSTABLEAAASTABLEAAASTABLE

.

USUnited StatesAaaNEGATIVEAAASTABLEAA+NEGATIVE

.

UYUruguayBa1STABLEBBPOSITIVEBB+STABLE

.

VUVenezuelaB2STABLEB+STABLEB+STABLE

.

VNVietnamB1NEGATIVEB+STABLEBB-NEGATIVE

.

ZWZambiaB+STABLEB+STABLE