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Updated Government Bonds data and yield curves
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.
The table below shows the current Germany credit ratings, according to the main rating agencies.
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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 |
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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