Current China credit ratings, according to main rating agencies.

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Rating Agency Rating Outlook Last Update Action
Standard & Poor's A+ - 21 Sep 2017 rating downgrade
Moody's Investors Service A1 - 24 May 2017 rating downgrade
Fitch Ratings A+ - 5 Nov 2007 rating upgrade
DBRS A (high) negative 22 Mar 2019 outlook downgrade

China Credit Ratings: Long-term Rating Scales Comparison

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Description S&P Moody's Fitch DBRS Grade
Prime AAA Aaa AAA AAA Investment
High Medium Grade AA+ Aa1 AA+ AA(high)
AA Aa2 AA AA
AA- Aa3 AA- AA(low)
Upper Medium Grade A+ A1 A+ A(high)
A A2 A A
A- A3 A- A(low)
Lower Medium Grade BBB+ Baa1 BBB+ BBB(high)
BBB Baa2 BBB BBB
BBB- Baa3 BBB- BBB(low)
Speculative BB+ Ba1 BB+ BB(high) Speculative
BB Ba2 BB BB
BB- Ba3 BB- BB(low)
Highly Speculative B+ B1 B+ B(high)
B B2 B B
B- B3 B- B(low)
Substantial Risk CCC+ Caa1 CCC+ CCC(high)
CCC Caa2 CCC CCC
CCC- Caa3 CCC- CCC(low)
Extremely Speculative CC Ca CC CC
C Ca C C
In Default RD C RD RD
SD / SD SD
D / D D

China Credit Ratings historical data

Agencies:

Timetable of China credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

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Date S&P Moody's Fitch DBRS
22 Mar 2019 A (high)
21 Sep 2017 A+
24 May 2017 A1
31 Mar 2016 AA-
2 Mar 2016 Aa3
29 Sep 2014 A (high)
16 Apr 2013 Aa3
16 Dec 2010 AA-
11 Nov 2010 Aa3
9 Nov 2009 A1
31 Jul 2008 A+
5 Nov 2007 A+
26 Jul 2007 A A1
30 May 2007 A2
13 Sep 2006 A
27 Jul 2006 A
16 Oct 2005 A
19 Jul 2005 A-
17 Feb 2004 BBB+
15 Oct 2003 A2
13 Oct 2003 A-
15 Apr 2003 BBB
22 Nov 2002 A3
14 Aug 2001 A3
20 Jul 1999 BBB
16 Jul 1998 BBB+
19 Feb 1998 A3
11 Dec 1997 A-
14 May 1997 BBB+
10 Sep 1993 A3
19 Jul 1993 BBB
20 Feb 1992 BBB
8 Nov 1989 Baa1
18 May 1988 A3

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