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 angencies 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:
5 March 2021 S&P Global Ratings
23 April 2021 Fitch Ratings
3 September 2021 S&P Global Ratings
22 October 2021 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.

Credit rating agency Short-term Long-term Reports Press releases
S&P Global Ratings A-1+ AA+
(stable outlook)
Research Update, 4 September 2020 (pdf) Finland ‘AA+/A-1+’ Ratings Affirmed; Outlook Stable, 4 Sep-tember 2020
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Fitch Ratings F1+ AA+
(stable outlook)
Full Rating Report, 3 November 2020 (pdf)
Fitch Ratings Navigator, 4 November 2020 (ESG scores, pdf)

Fitch Affirms Fin-land at ‘AA+’, Outlook Stable, 30 October 2020

Unsolicited credit ratings for central government debt

Credit rating agency Short-term Long-term Press releases
Scope Ratings S-1+ AA+
(stable outlook)
Scope has completed a monitoring review for the Republic of Finland, 26 June 2020
DBRS Morningstar R-1 (high)
(stable trend)
AA (high)
(stable trend)

DBRS Morningstar Confirms Republic of Finland at AA (high), Stable Trend, 6 November 2020

, Updated 14.1.2021 at 12:36