Credit ratings

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 2021 to be announced.

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, 4 September 2020 (pdf)
Moody’s Investors Service P-1 Aa1
(stable outlook)
Credit Opinion, 24 July 2020 (pdf)

Annual Credit Analysis, 30 July 2020 (pdf)

Fitch Ratings F1+ AA+
(stable outlook)
Full Rating Report, 3 November 2020 (pdf)

Fitch Ratings Navigator, 4 November 2020 (ESG scores, pdf)

, Updated 4.11.2020 at 15:14