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 | 11 Nov 2022 | outlook downgrade |
China: Long-term Rating Scales Comparison
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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| Grade | Description | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|---|
|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
| 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 Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
|
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
|
C
|
C
|
C
|
||
| In Default |
RD
|
/
|
RD
|
RD
|
|
|
SD
|
/
|
SD
|
SD
|
||
|
D•NR
|
D•NR
|
D•NR
|
D•NR
|
||
China Credit Ratings historical data
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 |
|---|---|---|---|---|
| 11 Nov 2022 | A (high) | |||
| 15 Nov 2020 | A (high) | |||
| 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 |