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: | |
|---|---|
| 6 March 2020 | S&P Global Ratings |
| 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, 13 September 2019 (pdf) |
| Moody’s Investors Service | P-1 | Aa1 (stable outlook) |
Credit Opinion, 28 January 2020 (pdf) |
| Fitch Ratings | F1+ | AA+ (stable outlook) |
Full Rating Report, 6 February 2020 (pdf) |