Credit ratings

The government has solicited credit ratings from two credit rating agencies: Fitch Ratings and S&P Global 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 2023:
17 February, 2023 Fitch Ratings
28 April, 2023 S&P Global Ratings
11 August, 2023 Fitch Ratings
27 October, 2023 S&P Global 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 weeks after the rating announcement.

Credit rating agency Short-term Long-term Latest reports Press releases
Fitch Ratings F1+ AA+
(stable outlook)
Rating Report Finland (18 October, 2022)

Previous: Rating Report, Finland (12 May, 2022)

Fitch Affirms Finland at ‘AA+’; Outlook Stable (9 September, 2022)

Previous: Fitch Affirms Finland at ‘AA+’, Outlook Stable, 8 April 2022

S&P Global Ratings A-1+ AA+
(stable outlook)
Ratings Direct Finland, 31 October 2022 (pdf)

Previous: Research Update Finland, 1 July 2022 (pdf)

Unsolicited credit ratings for central government debt

Calendar dates for credit rating announcements in 2023:
24 March, 2023 DBRS Morningstar
31 March, 2023 Scope Ratings
16 June, 2023 Creditreform Rating
22 September, 2023 DBRS Morningstar
22 September, 2023 Scope Ratings
15 December, 2023 Creditreform Rating

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 Press releases
Creditreform Rating AA+,
stable outlook
Rating Report, Republic of Finland (15 July, 2022)

Previous: 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 (23 September, 2022)

Rating Report (23 September, 2022)

Previous:

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 (14 October, 2022)

Previous: Scope takes no action on the Republic of Finland (29 April, 2022)

 

, Updated 2.1.2023 at 08:58