Credit ratings

The government has solicited credit ratings from two credit rating agencies: S&P Global Ratings and Fitch Ratings. For long-term debt, they are AA+ (stable outlook) and AA+ (stable outlook), respectively. In addition, other credit rating agencies such as Scope Ratings and DBRS Morningstar provide unsolicited ratings.

Solicited credit ratings for central government debt

Calendar dates for credit rating announcements in 2021:
3 September 2021 S&P Global Ratings
22 October 2021 Fitch Ratings

The State Treasury publishes, as a general rule, the decisions of the rating agencies on a Saturday following the rating decision.

Credit rating agency Short-term Long-term Latest reports Press releases
S&P Global Ratings A-1+ AA+
(stable outlook)
RatingsDirect Finland, 8 March 2021 (pdf)
Fitch Ratings F1+ AA+
(stable outlook)
Rating Report, 4 May 2021 (pdf)

Ratings Navigator, 3 May 2021 (pdf)

Fitch Affirms Finland at ‘AA+’, Outlook Stable, 23 April 2021

Unsolicited credit ratings for central government debt

Credit rating agency Short-term Long-term Press releases
Scope Ratings S-1+ AA+
(stable outlook)
Scope takes no action on the Republic of Finland (11 December, 2020)
DBRS Morningstar R-1 (high), stable trend AA (high), stable trend

DBRS Morningstar Confirms Republic of Finland at AA (high), Stable Trend (23 April, 2021)

DBRS Rating Report (23 April, 2021)


, Updated 5.5.2021 at 13:20