Compare Countries By Credit Ratings

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government (sovereign or country credit rating).


This page provides information about credit ratings of European countries showing long-term foreign currency credit ratings for sovereign (or government) bonds as reported by the three major credit rating agencies: Fitch and Moody's. Higher credit ratings of the government bonds means lower risks of investments into the bonds. Yields of bonds can also be used to estimate the investment risks: lower yields assumes lower risks. That is why yields of government bonds are provided together with the credit ratings.

Country Fitch Moody's Government
Bond Yield[1]
 Norway AAA Aaan/a
 Netherlands AAA Aaa0.5%
 Luxembourg AAA Aaa0.6%
 Germany AAA Aaa0.4%
 Denmark AAA Aaa0.5%
 Sweden AAA Aaa0.6%
 Switzerland AAA Aaan/a
 Liechtenstein - -n/a
 Finland AA+ Aa10.6%
 Austria AA+ Aa10.6%
 Isle of Man [2] - Aa1n/a
 United Kingdom AA Aa11.0%
 France AA Aa20.7%
 Belgium AA Aa30.7%
 Czech Republic A+ A11.0%
 Estonia A+ A1n/a
 Guernsey [2] - -n/a
 Cayman Islands [2] - Aa3n/a
 Jersey [2] - -n/a
 Bermuda [2] A+ A2n/a
 Slovakia A+ A20.8%
 Ireland A A30.7%
 Malta A A31.3%
 Latvia A- A30.7%
 Poland A- A23.3%
 Lithuania A- A30.3%
 Iceland BBB+ A3n/a
 Slovenia BBB+ Baa31.0%
 Curacao [3] - -n/a
 Spain BBB+ Baa21.5%
 Italy BBB+ Baa22.1%
 Turks and Caicos Islands [2] - -n/a
 San Marino BBB -n/a
 Romania BBB- Baa33.9%
 Bulgaria BBB- Baa21.7%
 Andorra BBB -n/a
 Hungary BBB- Ba12.8%
 Turkey BBB- Baa3n/a
 Portugal BB+ Ba12.6%
 Croatia BB Ba22.7%
 Macedonia BB -n/a
 Serbia BB- B1n/a
 Greece CCC Caa35.6%
 Cyprus B- B12.2%
 Montenegro - B1n/a
 Anguilla [2] - -n/a
 Gibraltar [2] - -n/a
 Monaco - -n/a
 British Virgin Islands [2] - -n/a

[1] Long-term government bond yields. The data are provided by Eurostat. For all of the countries the data are given for September 2017, except for United Kingdom (June 2017).

[2]  Dependent territory of the United Kingdom.

[3]  Dependent territory of the Netherlands.