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 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 will make rating reports available on this page soon after publication. A full analysis by the credit rating agency usually follows in a few days after the rating announcement.

Credit rating agency Short-term Long-term Latest reports Press releases
Fitch Ratings F1+ AA+
(stable outlook)
Rating Report Finland, 3 November 2021 (pdf)

Fitch Affirms Finland at ‘AA+’, Outlook Stable, 22 October 2021

S&P Global Ratings A-1+ AA+
(stable outlook)
Full report Finland (6 September 2021)


Unsolicited credit ratings for central government debt

Credit rating agency Short-term Long-term Press releases
Creditreform Rating AA+,
stable outlook
Rating Report, Republic of Finland (14 July, 2021)
DBRS Morningstar R-1 (high), stable trend AA (high), stable trend

DBRS Morningstar Confirms Republic of Finland at AA (high), Stable Trend (24 September, 2021)

DBRS Rating Report (24 September, 2021)

Japan Credit Rating Agency AAA
(stable outlook)
JCR Affirmed AAA/Stable (FC/LC) on Finland (19 July, 2021)
Scope Ratings S-1+ AA+
(stable outlook)

Scope affirms Finland’s credit rating at AA+ with a Stable Outlook (5 November, 2021)


, Updated 9.11.2021 at 08:30