Germany | Credit Rating

Standard & Poors credit rating for Germany stands at AAA. Moodys rating for Germany sovereign debt is Aaa. Fitchs credit rating for Germany is AAA. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Germany thus having a big impact on the country's borrowing costs. This page provides - Germany | Credit Rating - actual values, historical data, forecast, chart, statistics, economic calendar and news. 11/24/2014


 S&P Moody's Fitch TE (i)
B POSITIVE B1 STABLE
33
STABLE
BBB+ STABLE
70
NEGATIVE
BB- STABLE Ba2 STABLE BB- STABLE
41
STABLE
SD NM Caa1 NEGATIVE RD
20
NM
Ba2 STABLE BB- STABLE
43
STABLE
BBB+ STABLE BBB- STABLE
60
STABLE
AAA STABLE Aaa STABLE AAA STABLE
97
STABLE
AA+ STABLE Aaa STABLE AAA STABLE
98
STABLE
BBB- STABLE Baa3 STABLE BBB- STABLE
55
STABLE
BBB NEGATIVE Baa2 STABLE
60
NEGATIVE
BBB STABLE Baa2 NEGATIVE BBB STABLE
60
STABLE
BB- STABLE Ba3 STABLE BB- STABLE
40
STABLE
BB- NEGATIVE B3 NEGATIVE
33
NEGATIVE
B- STABLE B3 NEGATIVE
25
STABLE
AA STABLE Aa3 STABLE AA STABLE
88
STABLE
B- STABLE Caa2 STABLE
20
STABLE
AA- NEGATIVE A1 STABLE A+ STABLE
81
NEGATIVE
BB STABLE Ba3 STABLE BB- POSITIVE
41
STABLE
B STABLE B3 STABLE
28
STABLE
A- STABLE A2 STABLE
73
STABLE
BBB- STABLE Baa2 NEGATIVE BBB STABLE
47
STABLE
BBB- Stable Baa2 STABLE BBB- STABLE
53
Stable
B STABLE
30
STABLE
B STABLE B2 STABLE
30
STABLE
B STABLE B STABLE
30
STABLE
AAA STABLE Aaa STABLE AAA STABLE
98
STABLE
B STABLE B STABLE
30
STABLE
Aa3 STABLE
85
AA- STABLE Aa3 STABLE A+ STABLE
78
STABLE
AA- STABLE Aa3 STABLE A+ STABLE
79
STABLE
BBB Stable Baa2 STABLE BBB STABLE
53
Stable
B- STABLE B3 STABLE
25
STABLE
BB STABLE Ba1 STABLE BB+ STABLE
49
STABLE
BB Stable Ba1 NEGATIVE BB STABLE
43
Stable
Caa2 STABLE
15
STABLE
B+ STABLE Caa3 POSITIVE B- POSITIVE
23
POSITIVE
AA- STABLE A1 STABLE A+ STABLE
80
STABLE
AAA STABLE Aaa STABLE AAA STABLE
99
STABLE
B+ STABLE B1 STABLE B STABLE
33
STABLE
B+ STABLE Caa1 STABLE B STABLE
29
STABLE
B- STABLE Caa1 STABLE B- sTABLE
24
STABLE
BB- NEGATIVE Ba3 STABLE BB- NEGATIVE
40
NEGATIVE
AA- STABLE A1 STABLE A+ STABLE
81
STABLE
B STABLE B1 STABLE B STABLE
31
STABLE
AAA STABLE
100
STABLE
B POSITIVE B1 STABLE
33
POSITIVE
AA+ STABLE Aaa STABLE AAA STABLE
98
STABLE
AA NEGATIVE Aa1 NEGATIVE AA+ NEGATIVE
93
STABLE
BB- STABLE BB- STABLE
40
STABLE
BB- STABLE Ba3 POSITIVE BB- POSITIVE
40
STABLE
AAA STABLE Aaa STABLE AAA STABLE
99
STABLE
B- STABLE B2 Negative B NEGATIVE
30
NEGATIVE
B STABLE Caa1 STABLE B STABLE
20
STABLE
SD NM
NM
BB STABLE Ba1 STABLE BB STABLE
46
STABLE
B STABLE B3 Stable
28
STABLE
AAA STABLE Aa1 STABLE AA+ STABLE
94
STABLE
BB STABLE Ba1 NEGATIVE BB+ STABLE
45
STABLE
BBB- POSITIVE Baa3 STABLE BBB STABLE
51
POSITIVE
BBB- STABLE Baa3 STABLE BBB- STABLE
47
STABLE
BB+ STABLE Baa3 STABLE BBB- STABLE
46
STABLE
A- POSITIVE Baa1 STABLE A- STABLE
67
POSITIVE
Aa1 STABLE
95
STABLE
A+ STABLE A1 STABLE A Positive
75
STABLE
BBB Negative Baa2 Stable BBB+ STABLE
60
Negative
B1 POSITIVE B POSITIVE
33
POSITIVE
B- POSITIVE Caa3 Positive B- STABLE
21
POSITIVE
AA- NEGATIVE Aa3 STABLE A+ NEGATIVE
82
NEGATIVE
BB- NEGATIVE B1 STABLE
38
NEGATIVE
BBB+ NEGATIVE Baa2 POSITIVE BBB+ STABLE
64
NEGATIVE
B+ STABLE B1 STABLE B+ STABLE
23
STABLE
AA STABLE Aa2 STABLE AA STABLE
90
STABLE
A- STABLE Baa1 Stable A- STABLE
66
STABLE
B- STABLE B1 NEGATIVE B Negative
30
STABLE
BB- STABLE
40
STABLE
AAA STABLE
100
STABLE
A- STABLE Baa1 POSITIVE A- STABLE
66
STABLE
AAA STABLE Aaa STABLE AAA STABLE
100
STABLE
Aa2 STABLE AA- STABLE
88
STABLE
BB- STABLE BB+ STABLE
45
STABLE
A- STABLE A3 POSITIVE A- Negative
66
STABLE
BBB+ STABLE A3 STABLE A STABLE
71
STABLE
Baa1 STABLE
65
BBB+ STABLE A3 STABLE BBB+ STABLE
61
STABLE
B3 STABLE
25
B+ STABLE B2 NEGATIVE B+ NEGATIVE
34
STABLE
BB- NEGATIVE Ba3 STABLE
40
NEGATIVE
BBB- STABLE Ba1 STABLE BBB- STABLE
54
STABLE
B Stable B1 STABLE B+ STABLE
34
Stable
Baa3 STABLE BBB- STABLE
55
STABLE
AA+ STABLE Aaa STABLE AAA STABLE
98
STABLE
AA STABLE Aaa STABLE AA POSITIVE
88
STABLE
B3 STABLE
25
BB- NEGATIVE Ba3 STABLE BB- STABLE
27
NEGATIVE
AAA STABLE Aaa STABLE AAA STABLE
98
STABLE
A STABLE A1 STABLE
78
STABLE
B- STABLE Caa1 STABLE
9
STABLE
BBB STABLE Baa2 STABLE BBB STABLE
60
STABLE
B+ STABLE B1 STABLE
35
STABLE
BB STABLE Ba2 Positive BB- POSITIVE
43
STABLE
BBB+ STABLE A3 STABLE BBB+ STABLE
61
STABLE
BBB STABLE Baa3 POSITIVE BBB- STABLE
52
STABLE
A- STABLE A2 STABLE A- Stable
69
STABLE
BB Stable Ba1 STABLE BB+ POSITIVE
45
Stable
BB Negative B2 Negative
38
Negative
AA STABLE Aa2 STABLE
87
STABLE
B+ STABLE Ba3 STABLE B+ STABLE
36
STABLE
BBB- STABLE Baa3 STABLE BBB- STABLE
51
STABLE
BBB- NEGATIVE Baa2 NEGATIVE BBB NEGATIVE
50
NEGATIVE
B POSITIVE B+ STABLE
33
POSITIVE
BBB+ STABLE
65
STABLE
AA- POSITIVE Aa3 STABLE AA Stable
88
POSITIVE
B+ STABLE B1 STABLE
35
STABLE
BB- NEGATIVE B1 STABLE B+ STABLE
36
NEGATIVE
B+ STABLE
35
STABLE
AAA STABLE Aaa STABLE AAA STABLE
98
STABLE
A POSITIVE A2 STABLE A+ STABLE
76
POSITIVE
A- NEGATIVE Ba1 Stable BBB+ STABLE
60
NEGATIVE
BBB- STABLE Baa2 STABLE BBB Negative
52
STABLE
A+ POSITIVE Aa3 STABLE AA- STABLE
81
POSITIVE
BBB STABLE Baa2 Positive BBB+ Stable
60
STABLE
B+ STABLE B1 STABLE BB- STABLE
38
STABLE
B2 STABLE
30
BB- STABLE Ba3 Stable BB- STABLE
40
STABLE
AAA STABLE Aaa STABLE AAA STABLE
99
STABLE
AAA STABLE Aaa STABLE AAA STABLE
100
STABLE
AA- STABLE Aa3 STABLE A+ STABLE
81
STABLE
BBB+ STABLE Baa1 STABLE BBB+ Stable
62
STABLE
A STABLE Baa1 STABLE
70
STABLE
Ba3 NEGATIVE BB- NEGATIVE
40
NEGATIVE
BB+ Negative Baa3 NEGATIVE BBB- STABLE
45
Negative
B STABLE B1 STABLE B POSITIVE
31
STABLE
CCC STABLE Caa3 Negative CCC
16
STABLE
AA STABLE Aa2 STABLE AA STABLE
90
STABLE
AAA STABLE AA1 STABLE AA+ STABLE
94
STABLE
AA+ STABLE Aaa STABLE AAA STABLE
97
STABLE
BBB- STABLE Baa2 STABLE BBB- STABLE
56
STABLE
CCC+ NEGATIVE Caa1 NEGATIVE B NEGATIVE
9
NEGATIVE
BB- STABLE B1 STABLE BB- Stable
30
STABLE
B+ NEGATIVE B1 STABLE B POSITIVE
33
NEGATIVE


Ratings

The Trading Economics (TE) credit rating is driven by a model created at Trading Economics. We take into account the average grade given by credit rating agencies plus multiple economic indicators, exchange rates, government bond yields, stock indexes, commodity prices and very little discretion. Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and visualize on historical data charts and more insightful when comparing multiple countries. Our ratings are also more quantitative and more independent because they are less likely to be manipulated by a single credit rating agency. If you have any question please email us at contact@tradingeconomics.com

TE S&P Moody's Fitch  
100 AAA Aaa AAA Prime
95 AA+ Aa1 AA+ High grade
90 AA Aa2 AA
85 AA- Aa3 AA-
80 A+ A1 A+ Upper medium grade
75 A A2 A
70 A- A3 A-
65 BBB+ Baa1 BBB+ Lower medium grade
60 BBB Baa2 BBB
55 BBB- Baa3 BBB-
50 BB+ Ba1 BB+ Non-investment grade
speculative
45 BB Ba2 BB
40 BB- Ba3 BB-
35 B+ B1 B+ Highly speculative
30 B B2 B
25 B- B3 B-
20 CCC+ Caa1 CCC Substantial risks
15 CCC Caa2 Extremely speculative
10 CCC- Caa3 In default with little
prospect for recovery
  CC Ca
5 C C
0 D / DDD In default
/ DD
D