Current Hong Kong credit ratings, according to main rating agencies.
Swipe left to see all data
| Rating Agency | Rating | Outlook | Last Update | Action |
|---|---|---|---|---|
| Standard & Poor's | AA+ | - | 22 Sep 2017 | rating downgrade |
| Moody's Investors Service | Aa3 | negative | 6 Dec 2023 | outlook downgrade |
| Fitch Ratings | AA- | - | 20 Apr 2020 | rating downgrade |
| DBRS | - | - |
Hong Kong: Long-term Rating Scales Comparison
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
Swipe left to see all data
| 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
|
||
The first official book of 
How to build wealth
with Lazy Portfolios and Passive Investing Strategies
with Lazy Portfolios and Passive Investing Strategies
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Choose Bond ETFs to control risk
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Choose Bond ETFs to control risk
Join the passive investing strategy
New asset allocation simulations in USD and EUR
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.
Swipe left to see all data
| Date | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|
| 6 Dec 2023 | Aa3 | |||
| 20 Apr 2020 | AA- | |||
| 20 Jan 2020 | Aa3 | |||
| 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+ |
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