Credit ratings

The government has solicited credit ratings from three credit rating agencies: S&P Global Ratings, Moody’s Investors Service and Fitch Ratings. For long-term debt, they are AA+ (stable outlook), Aa1 (stable outlook) and AA+ respectively (stable outlook).

Calendar dates for rating announcements in 2020:
26 June 2020 Fitch Ratings
24 July 2020 Moody’s Investors Service
4 September 2020 S&P Global Ratings
30 October 2020 Fitch Ratings

The State Treasury publishes, as a general rule, the decisions and possible reports of the rating agencies on a Monday following the rating decision.

The credit ratings for central government debt and the latest rating reports:

Credit rating agency Short-term Long-term Reports
S&P Global Ratings A-1+ AA+
(stable outlook)
Research Update, 6 March 2020 (pdf)
Moody’s Investors Service P-1 Aa1
(stable outlook)
Credit Opinion, 1 April 2020 (pdf)

Annual Credit Analysis, 3 April 2019 (pdf)

Fitch Ratings F1+ AA+
(stable outlook)
Full Rating Report, 6 February 2020 (pdf)

Fitch Ratings Navigator, 2 August 2019 (ESG scores, pdf)

, Updated 16.4.2020 at 10:23