Current Hong Kong credit ratings, according to main rating agencies.
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| Rating Agency | Rating | Outlook | Last Update | Action |
|---|---|---|---|---|
| Standard & Poor's | AA+ | - | 22 Sep 2017 | rating downgrade |
| Moody's Investors Service | Aa2 | negative | 16 Sep 2019 | outlook downgrade |
| Fitch Ratings | AA | negative | 6 Sep 2019 | rating downgrade |
| DBRS | - | - |
Hong Kong 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 | ||
Hong Kong Credit Ratings historical data
Timetable of Hong Kong 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 |
|---|---|---|---|---|
| 16 Sep 2019 | Aa2 | |||
| 6 Sep 2019 | AA | |||
| 22 Sep 2017 | AA+ | |||
| 24 May 2017 | Aa2 | |||
| 31 Mar 2016 | AAA | |||
| 12 Mar 2016 | Aa1 | |||
| 16 Apr 2013 | Aa1 | |||
| 16 Dec 2010 | AAA | |||
| 25 Nov 2010 | AA+ | |||
| 10 Nov 2010 | Aa1 | |||
| 8 Nov 2009 | Aa2 | |||
| 31 Jul 2008 | AA+ | |||
| 26 Sep 2007 | Aa2 | |||
| 26 Jul 2007 | AA | |||
| 12 Jul 2007 | AA | |||
| 26 Sep 2006 | Aa3 | |||
| 27 Jul 2006 | AA | |||
| 24 Jul 2006 | AA- | |||
| 6 Jul 2006 | A1 | |||
| 18 Apr 2006 | AA- | |||
| 19 Jul 2005 | AA- | |||
| 3 May 2005 | A+ | |||
| 16 May 2004 | AA- | |||
| 15 Oct 2003 | A1 | |||
| 24 Apr 2003 | AA- | |||
| 25 Jun 2001 | AA- | |||
| 15 Feb 2001 | A3 | |||
| 8 Feb 2001 | A+ | |||
| 5 May 2000 | A3 | |||
| 6 Dec 1999 | A | |||
| 31 Aug 1998 | A | |||
| 22 Jun 1998 | A+ | |||
| 19 Feb 1998 | A3 | |||
| 14 May 1997 | A+ | |||
| 9 Aug 1995 | A+ | |||
| 13 Feb 1995 | A | |||
| 10 Aug 1994 | AA- | |||
| 7 Sep 1993 | A | |||
| 7 Dec 1992 | A | |||
| 4 Dec 1992 | A | |||
| 12 Feb 1990 | A | |||
| 9 Feb 1990 | A | |||
| 8 Nov 1989 | A3 | |||
| 26 Jun 1989 | A+ | |||
| 9 Nov 1988 | A2 | |||
| 23 Oct 1988 | A+ |