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:
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)
RatingsDirect Finland, 8 March 2021 (pdf) Recap: EMEA Sovereign, Regional, And Local Government Rating Reports – Week Ended March 5, 2021
Fitch Ratings F1+ AA+
(stable outlook)
Full Rating Report, 3 November 2020 (pdf)
Fitch Ratings Navigator, 4 November 2020 (ESG scores, pdf)

Fitch Affirms Finland 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 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, 6 November 2020

, Updated 10.3.2021 at 09:31