Country Risk Ratings

 |  Includes: ACWI, ACWX, EEM, EFA
by: David Hunkar

The Economist Intelligence Unit publishes Sovereign Ratings on 120 countries. The ratings for developed countries are updated bi-annually while the ratings for emerging countries are updated monthly. This rating “measures the risk of a build-up in arrears of principal and/or interest on foreign- and/or local-currency debt that is the direct obligation of the sovereign or guaranteed by the Sovereign.”

The Latest Sovereign Ratings

Country Rating Outlook
Algeria BBB Stable
Angola B Stable
Argentina CCC Stable
Australia BBB Stable
Austria A Stable
Azerbaijan BB Negative
Bahrain BBB Stable
Bangladesh B Stable
Belgium BBB Stable
Bolivia B Stable
Bosnia and Hercegovina CCC Stable
Botswana BBB Stable
Brazil BB Stable
Bulgaria BB Stable
Cambodia CCC Stable
Cameroon B Stable
Canada AA Stable
Chile A Stable
China BBB Stable
Colombia BB Stable
Costa Rica B Stable
Cote d/ivoire CC Stable
Croatia B Stable
Cuba CC Stable
Cyprus A Stable
Czech Republic BBB Stable
Denmark AA Stable
Dominican Republic CCC Stable
Ecuador CC Stable
Egypt BB Stable
El Salvador BB Stable
Equatorial Guinea BB Stable
Estonia BB Stable
Ethiopia CCC Stable
Finland AA Stable
France A Stable
Gabon BB Stable
Germany AA Stable
Ghana CCC Stable
Greece BBB Stable
Guatemala BB Stable
Honduras CCC Stable
Hong Kong A Stable
Hungary B Stable
India BB Stable
Indonesia B Positive
Iran B Stable
Iraq CC Stable
Ireland BBB Stable
Israel BBB Stable
Italy BBB Stable
Jamaica CC Stable
Japan BBB Stable
Jordan CCC Stable
Kazakhstan BB Negative
Kenya CCC Stable
Kuwait A Stable
Latvia B Stable
Lebanon CCC Stable
Libya BB Stable
Lithuania BB Negative
Macedonia CCC Stable
Malawi CCC Stable
Malaysia BBB Positive
Mauritius B Stable
Mexico BB Stable
Moldova CCC Negative
Morocco BB Stable
Mozambique B Stable
Myanmar C Stable
Namibia BBB Stable
Netherlands AA Stable
New Zealand BBB Stable
Nicaragua CC Stable
Nigeria B Stable
Norway AAA Stable
Oman A Stable
Pakistan CCC Stable
Panama BB Stable
Papua New Guinea B Stable
Paraguay B Stable
Peru BBB Stable
Philippines B Stable
Poland BB Stable
Portugal BBB Stable
Qatar A Stable
Romania BB Stable
Russia BBB Negative
Saudi Arabia BBB Stable
Senegal B Stable
Serbia CCC Stable
Singapore A Stable
Slovakia BBB Stable
Slovenia A Stable
South Africa BB Stable
South Korea BB Stable
Spain A Stable
Sri Lanka B Stable
Sudan C Stable
Sweden AA Stable
Switzerland AA Stable
Syria CCC Stable
Taiwan BBB Stable
Tanzania B Stable
Thailand BB Stable
Trinidad and Tobago BBB Stable
Tunisia BB Stable
Turkey B Stable
Uganda B Stable
Ukraine CCC Stable
United Arab Emirates BB Stable
United Kingdom BBB Stable
United States of America AA Stable
Uruguay BB Stable
Uzbekistan B Stable
Venezuela B Stable
Vietnam CCC Stable
Yemen CC Stable
Zambia B Stable
Zimbabwe D Stable
Click to enlarge

Norway is the safest country in terms of sovereign debt. Since Norway has no deficits and has an abundance of oil resources, it is ranked the highest rating, AAA. The US was given the AA rating. Other countries that received the AA ranking include Canada, Switzerland, The Netherlands and the Scandinavian countries.

Zimbabwe is the only country with D which implies very weak payment capacity and is currently in default. India, China and Brazil were ranked BB. Russia’s outlook is negative.