Current Japan credit ratings, according to main rating agencies.
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| Rating Agency | Rating | Outlook | Last Update | Action |
|---|---|---|---|---|
| Standard & Poor's | A+ | - | 11 Jun 2020 | outlook downgrade |
| Moody's Investors Service | A1 | - | 1 Dec 2014 | rating downgrade |
| Fitch Ratings | A | - | 25 Mar 2022 | outlook upgrade |
| DBRS | A (high) | - | 25 Jan 2019 | rating upgrade |
Japan: 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
|
||
Japan Credit Ratings historical data
Timetable of Japan 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 |
|---|---|---|---|---|
| 25 Mar 2022 | A | |||
| 29 Jul 2020 | A | |||
| 11 Jun 2020 | A+ | |||
| 25 Jan 2019 | A (high) | |||
| 13 Apr 2018 | A+ | |||
| 27 Apr 2017 | A | |||
| 28 Dec 2016 | A | |||
| 13 Jun 2016 | A | |||
| 30 Nov 2015 | A (high) | |||
| 16 Sep 2015 | A+ | |||
| 27 Apr 2015 | A | |||
| 1 Dec 2014 | A1 | |||
| 20 Nov 2013 | A (high) | |||
| 22 May 2012 | A+ | |||
| 24 Aug 2011 | Aa3 | |||
| 27 May 2011 | AA | |||
| 26 Apr 2011 | AA- | |||
| 22 Feb 2011 | Aa2 | |||
| 27 Jan 2011 | AA- | |||
| 26 Jan 2010 | AA | |||
| 18 May 2009 | Aa2 | |||
| 22 Apr 2007 | AA | |||
| 1 Jun 2006 | Aaa | |||
| 23 May 2006 | AA- | |||
| 9 May 2005 | AA | |||
| 7 Apr 2004 | Aaa | |||
| 23 Mar 2004 | AA- | |||
| 30 May 2002 | Aa1 | |||
| 15 Apr 2002 | AA- | |||
| 27 Nov 2001 | AA | |||
| 26 Nov 2001 | AA | |||
| 11 Sep 2001 | AA+ | |||
| 2 Mar 2001 | AA+ | |||
| 22 Feb 2001 | AA+ | |||
| 21 Sep 2000 | AA+ | |||
| 16 Nov 1998 | Aa1 | |||
| 1 Sep 1998 | AAA | |||
| 2 Apr 1998 | Aaa | |||
| 10 Aug 1994 | AAA | |||
| 1 Oct 1981 | Aaa | |||
| 28 Feb 1975 | AAA | |||
| 22 Jan 1959 | BBB |
