Credit ratings are important for a country in ensuring the availability and cost-effectiveness of borrowing from the international financial markets. Finland’s solicited credit ratings are AA/Aa1*.
State Treasury publishes Finland’s credit ratings and a calendar for future rating announcements on this page. We will also make rating reports available on this page soon after publication.
Calendar dates for Finland rating announcements in 2025
| Credit rating agency | Date |
|---|---|
| Fitch Ratings | 7 February, 2025 |
| Scope Ratings | 21 February, 2025 |
| DBRS Morningstar | 21 March, 2025 |
| S&P Global Ratings | 25 April, 2025 |
| Japan Credit Rating Agency | 6 June, 2025 |
| Moody’s Ratings | 13 June, 2025 |
| Fitch Ratings | 25 July, 2025 |
| Scope Ratings | 1 August, 2025 |
| DBRS Morningstar | 19 September, 2025 |
| S&P Global Ratings | 24 October, 2025 |
| Moody’s Ratings | 12 December, 2025 |
Finland’s credit ratings and rating reports
| Credit rating agency | Short-term | Long-term | Latest rating action |
|---|---|---|---|
| Fitch Ratings* | F1+ | AA (stable outlook) |
Fitch Downgrades Finland to ‘AA’; Outlook Stable (25 July, 2025)
Finland Rating Report (4 August, 2025) |
| Moody’s Ratings* | Prime-1 | Aa1 (stable outlook) | Credit Opinion, Government of Finland (17 June, 2025)
Previous: Moody’s Ratings affirms Finland’s Aa1 ratings; outlook remains stable (13 December, 2024) Credit Opinion, Government of Finland (17 December, 2024) |
| S&P Global Ratings | A-1+ | AA+ (stable outlook) |
Research Update Finland (28 April, 2025) |
| Japan Credit Rating Agency | AAA, Stable | Rating Action Finland (6 June, 2025) | |
| Morningstar DBRS | R-1 (high), stable trend | AA (high), stable trend | Morningstar DBRS Confirms Republic of Finland at AA (high), Stable Trend (21 March, 2025)
Credit Rating Report (21 March, 2025) |
| Scope Ratings | S-1+ | AA+ (negative outlook) |
Scope affirms Finland’s credit ratings at AA+ and changes the Outlook to Negative (1 August, 2025)
Rating Report (1 August, 2025) |
*In 2025, the Republic of Finland will have solicited credit ratings from Fitch Ratings and Moody’s Ratings.