In the wake of today’s extraordinary credit ratings action for the euro zone by Standard and Poor’s, below are the rating agency’s sovereign credit ratings.
| Entity | Local Currency Rating | Foreign Currency Rating | T&C Assessment |
| Australia (Commonwealth of) (Unsolicited Ratings) | AAA | AAA | AAA |
| Canada | AAA | AAA | AAA |
| Denmark (Kingdom of) | AAA | AAA | AAA |
| Finland (Republic of) | AAA | AAA | AAA |
| Germany (Federal Republic of) (Unsolicited Ratings) | AAA | AAA | AAA |
| Hong Kong (Special Administrative Region) | AAA | AAA | AAA |
| Liechtenstein (Principality of) | AAA | AAA | AAA |
| Luxembourg (Grand Duchy of) | AAA | AAA | AAA |
| Netherlands (The) (State of) (Unsolicited Ratings) | AAA | AAA | AAA |
| Norway (Kingdom of) | AAA | AAA | AAA |
| Singapore (Republic of) (Unsolicited Ratings) | AAA | AAA | AAA |
| Sweden (Kingdom of) | AAA | AAA | AAA |
| Swiss Confederation (Unsolicited Ratings) | AAA | AAA | AAA |
| United Kingdom (Unsolicited Ratings) | AAA | AAA | AAA |
| Austria (Republic of) | AA+ | AA+ | AAA |
| France (Republic of) (Unsolicited Ratings) | AA+ | AA+ | AAA |
| Guernsey | AA+ | AA+ | AAA |
| Isle of Man | AA+ | AA+ | AAA |
| New Zealand | AA+ | AA | AAA |
| United States of America (Unsolicited Ratings) | AA+ | AA+ | AAA |
| Belgium (Kingdom of) (Unsolicited Ratings) | AA | AA | AAA |
| Chile (Republic of) | AA | A+ | AA |
| Czech Republic | AA | AA- | AA+ |
| Emirate of Abu Dhabi | AA | AA | AA+ |
| Kuwait (State of) | AA | AA | AA+ |
| Qatar (State of) | AA | AA | AA+ |
| Bermuda | AA- | AA- | AAA |
| China (People’s Republic of ) | AA- | AA- | AA- |
| Estonia (Republic of) | AA- | AA- | AAA |
| Israel (State of) | AA- | A+ | AA |
| Japan (Unsolicited Ratings) | AA- | AA- | AAA |
| Saudi Arabia (Kingdom of) | AA- | AA- | AA+ |
| Taiwan (Republic of China) (Unsolicited Ratings) | AA- | AA- | AA+ |
| Korea (Republic of) | A+ | A | AA- |
| Slovenia (Republic of) | A+ | A+ | AAA |
| Andorra (Principality of) | A | A | AAA |
| Malaysia | A | A- | A+ |
| Oman (Sultanate of) | A | A | AA- |
| Poland (Republic of) | A | A- | A+ |
| Ras Al Khaimah (Emirate of) | A | A | AA+ |
| Slovak Republic | A | A | AAA |
| South Africa (Republic of) | A | BBB+ | A |
| Spain (Kingdom of) | A | A | AAA |
| Trinidad and Tobago (Republic of) | A | A | AA |
| Aruba | A- | A- | A- |
| Botswana (Republic of) | A- | A- | A+ |
| Brazil (Federative Republic of) | A- | BBB | A- |
| Curacao | A- | A- | A- |
| Malta (Republic of) | A- | A- | AAA |
| Mexico | A- | BBB | A |
| Thailand (Kingdom of) | A- | BBB+ | A |
| Colombia (Republic of) | BBB+ | BBB- | BBB+ |
| Ireland (Republic of) | BBB+ | BBB+ | AAA |
| Italy (Republic of) (Unsolicited Ratings) | BBB+ | BBB+ | AAA |
| Kazakhstan (Republic of) | BBB+ | BBB+ | BBB+ |
| Peru (Republic of) | BBB+ | BBB | A- |
| Russian Federation | BBB+ | BBB | BBB |
| Bahrain (Kingdom of) | BBB | BBB | BBB |
| Bulgaria (Republic of) | BBB | BBB | A |
| Commonwealth of The Bahamas (The) | BBB | BBB | BBB+ |
| Lithuania (Republic of) | BBB | BBB | A |
| Morocco (Kingdom of) | BBB | BBB- | BBB+ |
| Tunisia (Republic of) | BBB | BBB- | BBB |
| Azerbaijan (Republic of) | BBB- | BBB- | BBB- |
| Barbados | BBB- | BBB- | BBB |
| Croatia (Republic of) | BBB- | BBB- | BBB+ |
| Iceland (Republic of) | BBB- | BBB- | BBB- |
| India (Republic of) (Unsolicited Ratings) | BBB- | BBB- | BBB+ |
| Montserrat | BBB- | BBB- | BBB- |
| Panama (Republic of) | BBB- | BBB- | AAA |
| Turkey (Republic of) | BBB- | BB | BBB- |
| Costa Rica (Republic of) | BB+ | BB | BBB- |
| Cyprus (Republic of) | BB+ | BB+ | AAA |
| Guatemala (Republic of) | BB+ | BB | BBB- |
| Hungary (Republic of) | BB+ | BB+ | BBB |
| Indonesia (Republic of) | BB+ | BB+ | BBB- |
| Latvia (Republic of) | BB+ | BB+ | BBB+ |
| Philippines (Republic of the) | BB+ | BB | BB+ |
| Romania | BB+ | BB+ | BBB+ |
| Uruguay (Oriental Republic of) | BB+ | BB+ | BBB |
| Jordan (Hashemite Kingdom of) | BB | BB | BBB- |
| Macedonia (Republic of) | BB | BB | BB+ |
| Montenegro (Republic of) | BB | BB | AAA |
| Portugal (Republic of) | BB | BB | AAA |
| Serbia (Republic of) | BB | BB | BB |
| Angola (Republic of) | BB- | BB- | BB- |
| Bangladesh (People’s Republic of) | BB- | BB- | BB- |
| El Salvador (Republic of) | BB- | BB- | AAA |
| Gabonese Republic | BB- | BB- | BBB- |
| Georgia (Government of) | BB- | BB- | BB |
| Mongolia | BB- | BB- | BB |
| Paraguay (Republic of) | BB- | BB- | BB |
| Sri Lanka (Democratic Socialist Republic of) | BB- | B+ | B+ |
| Suriname (The Republic of) | BB- | BB- | BB |
| Vietnam (Socialist Republic of) | BB- | BB- | BB- |
| Albania (Republic of) | B+ | B+ | BB- |
| Bolivarian Republic of Venezuela | B+ | B+ | B+ |
| Bolivia (Plurinational State of) | B+ | B+ | B+ |
| Cape Verde (Republic of) | B+ | B+ | BB |
| Cook Islands | B+ | B+ | AAA |
| Dominican Republic | B+ | B+ | BB |
| Egypt (Arab republic of) | B+ | B+ | B+ |
| Kenya (Republic of) | B+ | B+ | BB- |
| Mozambique (Republic of) | B+ | B+ | B+ |
| Nigeria (Federal Republic of) | B+ | B+ | B+ |
| Papua New Guinea (Independent State of) | B+ | B+ | BB |
| Senegal (Republic of) | B+ | B+ | BBB- |
| Uganda (Republic of) | B+ | B+ | BB- |
| Ukraine | B+ | B+ | B+ |
| Zambia (Republic of) | B+ | B+ | B+ |
| Argentina (Republic of) (Unsolicited Ratings) | B | B | B |
| Benin (Republic of) | B | B | BBB- |
| Bosnia and Herzegovina | B | B | BB- |
| Burkina Faso | B | B | BBB- |
| Cambodia (Kingdom of) (Unsolicited Ratings) | B | B | B+ |
| Cameroon (Republic of) | B | B | BBB- |
| Fiji Islands (Republic of) | B | B | B |
| Ghana (Republic of) | B | B | B+ |
| Honduras (Republic of) | B | B | BB- |
| Lebanon (Republic of) | B | B | BB- |
| Republic of Rwanda | B | B | B |
| Belarus (Republic of) | B- | B- | B- |
| Belize | B- | B- | B- |
| Ecuador (Republic of) | B- | B- | B- |
| Grenada | B- | B- | BBB- |
| Jamaica | B- | B- | B |
| Pakistan (Islamic Republic of) | B- | B- | B- |
| Greece (Hellenic Republic) | CC | CC | AAA |
Source: Standard & Poor’s
Macedonia (Republic of)….really ???
It doesn’t exist does it? I thought it was called F(ormer) Y(ugoslavian) R(epublic) Macedonia. Macedonia is part of Greece.
To be honest Germany should be on negative watch. Austria needs to be a notch or two lower because of its banks problems in Hungary and elsewhere. Same for Sweden with its Baltic exposure. The Netherlands and Australia have big property bubbles which will impose huge losses when they strike. Belgium also has banks in trouble. I am surprised that Lebanon is so lowly rated considering that their banks emerged unscathed from the global financial crisis and are far more prudently run.