Germany Credit Rating

CREDIT RATINGS • SUMMARY
GERMANY
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Rating Agency Rating Outlook Last Update Action
Standard & Poor's AAA - 13 Jan 2012 outlook upgrade
Moody's Investors Service Aaa - 28 Feb 2014 outlook upgrade
Fitch Ratings AAA - 10 Aug 1994
DBRS AAA - 16 Jun 2011

Current Germany credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive Germany ability to honor its financial commitments.

The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of Germany, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.

Germany: Long-term Rating Scales Comparison

Germany long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with Germany sovereign debt. These scales help investors understand the likelihood that Germany will meet its financial obligations.

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
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Germany Credit Ratings historical data

Timetable of Germany 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
28 Feb 2014 Aaa
23 Jul 2012 Aaa
13 Jan 2012 AAA
5 Dec 2011 AAA
16 Jun 2011 AAA
10 Aug 1994 AAA
9 Feb 1986 Aaa
17 Aug 1983 AAA
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