Credit rating is an indicator providing investors (creditors) with concise information on the level of the debtor’s capacity to discharge their financial obligations. A debtor may be assigned the ratings from those corresponding to the highest levels of security where the debtor‘s capacity to discharge their financial liabilities is extremely high to the ratings showing the failure by the debtor to discharge any financial obligations.
Solicited credit ratings for central government debt
At the moment, the Government has solicited credit ratings assiged by the following credit rating agencies:
Agency | Long-term rating | Outlook | Short-term rating | Calendar dates for credit rating announcements in 2024 |
Moody's Investors Service | A2 | stable | 19 April and 18 October | |
S&P Global Ratings | A | stable | A-1 | 31 May and 29 November |
Fitch Ratings | A | stable | F1+ | 17 May and 8 November |
Unsolicited credit ratings for central government debt
In addition, some credit rating agencies provide unsolicited ratings.
Agency | Long-term rating | Outlook/Trend | Calendar dates for credit rating announcements in 2024 |
Creditreform Rating | A+ | stable | 19 April and 18 October |
DBRS Morninstar | A (high) | stable | 19 April and 18 October |
Scope Ratings | A | positive | 5 April and 20 September |