Germany | Credit Rating


 S&P Rating Moody's rating Fitch Rating TE Rating 
B STABLE B1 STABLE   35.00 STABLE
A- NEGATIVE 70.00 NEGATIVE
BB- STABLE Ba3 POSITIVE BB- STABLE 40.00 STABLE
CCC+ NEGATIVE Caa1 Stable CC 25.00 NEGATIVE
  Ba2 STABLE BB- STABLE 42.50
BBB+ STABLE   BBB NEGATIVE 65.00 NEGATIVE
AAA STABLE Aaa STABLE AAA STABLE 96.54 STABLE
AA+ STABLE Aaa STABLE AAA STABLE 96.89 NEGATIVE
BBB- STABLE Baa3 STABLE BBB- STABLE 55.00 STABLE
BBB NEGATIVE Baa1 NEGATIVE   62.50 NEGATIVE
BBB STABLE Baa2 NEGATIVE BBB STABLE 61.25 NEGATIVE
BB- STABLE Ba3 STABLE 40.00 STABLE
BB- NEGATIVE Ba3 NEGATIVE   52.50 STABLE
B- STABLE B3 NEGATIVE   25.00 STABLE
AA STABLE Aa3 STABLE AA STABLE 86.55 NEGATIVE
B- STABLE Caa2 STABLE   5.00
AA- NEGATIVE Aa3 NEGATIVE AA- NEGATIVE 88.75 STABLE
BB- STABLE Ba3 STABLE BB- STABLE 40.00 STABLE
B STABLE B3 STABLE 27.50 STABLE
A- STABLE A2 STABLE 72.50 STABLE
BBB- STABLE Baa2 STABLE BBB STABLE 50.73 STABLE
BBB NEGATIVE Baa2 STABLE BBB- STABLE 54.24 STABLE
B STABLE 30.00 STABLE
B STABLE B2 STABLE 30.00 STABLE
B STABLE B STABLE 30.00 STABLE
AAA STABLE Aaa STABLE AAA STABLE 98.06 STABLE
B STABLE   B STABLE 35.00 STABLE
Aa3 STABLE 85.00
AA- STABLE Aa3 STABLE A+ STABLE 76.83 STABLE
AA- STABLE Aa3 STABLE A+ STABLE 78.82 STABLE
BBB Stable Baa3 POSITIVE BBB STABLE 49.65 POSITIVE
B- STABLE B3 STABLE    
BB STABLE Baa3 NEGATIVE BB+ STABLE 50.00 STABLE
BB Stable Ba1 NEGATIVE BB+ Negative 48.85 STABLE
Caa1 STABLE 20.00
B- Stable Caa3 POSITIVE B- NEGATIVE 31.25 NEGATIVE
AA- STABLE A1 STABLE A+ STABLE 79.28 STABLE
AAA STABLE Aaa STABLE AAA STABLE 98.38 STABLE
B+ STABLE B1 STABLE B STABLE 32.50 STABLE
B POSITIVE Caa1 STABLE B STABLE 25.00 STABLE
B- STABLE Caa1 NEGATIVE B- sTABLE 31.25 NEGATIVE
BB- NEGATIVE Ba3 STABLE BB- NEGATIVE 42.50 NEGATIVE
AA- STABLE A1 STABLE A+ STABLE 81.25 STABLE
B STABLE B1 STABLE   32.50 STABLE
AAA NEGATIVE Aaa STABLE AAA STABLE 98.25 NEGATIVE
AA STABLE Aa1 NEGATIVE AA+ STABLE 95.36 NEGATIVE
BB- STABLE   BB- STABLE 40.00 NEGATIVE
BB- STABLE Ba3 STABLE BB- STABLE 40.00 STABLE
AAA STABLE Aaa STABLE AAA STABLE 98.47 STABLE
B NEGATIVE B1 Negative B NEGATIVE 32.50 STABLE
B- STABLE Caa3 STABLE B- STABLE 5.75 STABLE
SD     20.00 NEGATIVE
BB STABLE Ba1 STABLE BB+ NEGATIVE 48.75 STABLE
B STABLE B3 Stable   32.50 STABLE
AAA STABLE Aa1 STABLE AA+ STABLE 95.39 STABLE
BB STABLE Ba1 NEGATIVE BB+ STABLE 42.58 STABLE
BBB- STABLE Baa3 STABLE BBB STABLE 48.48 STABLE
BBB- NEGATIVE Baa3 STABLE BBB- STABLE 47.12 NEGATIVE
BB+ STABLE Baa3 STABLE BBB- STABLE 48.51 POSITIVE
BBB+ POSITIVE Baa3 Positive BBB+ STABLE 56.86 NEGATIVE
AA STABLE Aa1 STABLE   97.50 STABLE
A+ STABLE A1 STABLE A Positive 73.47 STABLE
BBB Negative Baa2 Stable BBB+ Negative 62.09 NEGATIVE
B- STABLE Caa3 Positive B- STABLE 25.00 NEGATIVE
AA- NEGATIVE Aa3 STABLE A+ NEGATIVE 81.68 NEGATIVE
BB- NEGATIVE B1 STABLE   45.00 NEGATIVE
BBB+ STABLE Baa2 POSITIVE BBB+ STABLE 63.75 STABLE
B+ STABLE B1 STABLE B+ STABLE 21.50 STABLE
AA STABLE Aa2 STABLE AA STABLE 90.00 STABLE
BBB+ POSITIVE Baa2 Positive BBB+ STABLE 55.41 POSITIVE
B- STABLE B1 NEGATIVE B Negative 31.25 NEGATIVE
    BB- STABLE  
AAA STABLE 100.00 STABLE
A- STABLE Baa1 STABLE BBB+ POSITIVE 57.10 STABLE
AAA STABLE Aaa STABLE AAA STABLE 100.00 NEGATIVE
  Aa2 STABLE AA- STABLE 85.00
BB- STABLE   BB+ STABLE 47.50 STABLE
A- STABLE A3 POSITIVE A- Negative 66.50 STABLE
BBB+ STABLE A3 STABLE A STABLE 73.75 STABLE
Baa1 STABLE 65.00
BBB+ STABLE A3 STABLE BBB+ STABLE 55.85 STABLE
B3 STABLE 25.00
BB- NEGATIVE B1 STABLE B+ NEGATIVE 36.25 STABLE
BB- NEGATIVE Ba3 STABLE   40.00 STABLE
BBB- NEGATIVE Ba1 NEGATIVE BBB- STABLE 53.75 NEGATIVE
B Stable B1 STABLE B+ STABLE 32.50 STABLE
  Baa3 STABLE BBB- STABLE 55.00
AA+ STABLE Aaa STABLE AAA NEGATIVE 98.27 NEGATIVE
AA STABLE Aaa STABLE AA STABLE 88.98 STABLE
B3 STABLE 25.00
BB- NEGATIVE Ba3 STABLE BB- STABLE 28.64 STABLE
AAA STABLE Aaa STABLE AAA STABLE 97.77 STABLE
A STABLE A1 STABLE 77.50 STABLE
B- STABLE Caa1 NEGATIVE 10.84 STABLE
BBB STABLE Baa2 STABLE BBB STABLE 60.00 STABLE
B+ STABLE B1 STABLE 35.00 STABLE
BB- STABLE Ba2 Positive BB- POSITIVE 37.50 STABLE
BBB+ STABLE Baa2 POSITIVE BBB+ STABLE 53.24 POSITIVE
BBB- STABLE Baa3 POSITIVE BBB- STABLE 45.63 POSITIVE
A- STABLE A2 STABLE A- Stable 67.41 STABLE
BB Negative Ba3 STABLE BB+ POSITIVE 39.89 NEGATIVE
BB+ Negative Ba2 Negative    
AA STABLE Aa2 STABLE 87.36 STABLE
B+ STABLE Ba3 STABLE B+ STABLE  
BB+ POSITIVE Baa3 NEGATIVE BBB- STABLE 47.35 STABLE
BBB NEGATIVE Baa1 RUR- BBB NEGATIVE 54.81 STABLE
B STABLE   B POSITIVE 30.00 STABLE
    BBB+ NEGATIVE  
AA- POSITIVE Aa3 STABLE AA Stable 85.00 STABLE
B+ STABLE B1 STABLE   35.00 NEGATIVE
BB- NEGATIVE B1 STABLE B+ STABLE 40.00 NEGATIVE
    B POSITIVE 30.00
AAA STABLE Aaa STABLE AAA STABLE 98.60 STABLE
A STABLE A2 STABLE A+ STABLE 73.19 STABLE
A- STABLE Ba1 Stable BBB+ NEGATIVE 63.95 NEGATIVE
BBB NEGATIVE Baa1 NEGATIVE BBB Stable 57.44 NEGATIVE
A+ STABLE Aa3 STABLE AA- STABLE 80.74 STABLE
BBB- STABLE Baa2 Positive BBB Stable 52.55 NEGATIVE
B+ STABLE B1 STABLE BB- STABLE 37.50 STABLE
B2 STABLE 30.00
BB- POSITIVE Ba3 Stable BB- STABLE 40.00 STABLE
AAA STABLE Aaa STABLE AAA STABLE 98.21 STABLE
AAA STABLE Aaa STABLE AAA STABLE 99.46 STABLE
AA- STABLE Aa3 STABLE A+ STABLE 81.32 STABLE
BBB+ STABLE Baa1 STABLE BBB+ Stable 58.82 STABLE
A STABLE Baa1 STABLE 70.00 STABLE
  Ba3 NEGATIVE BB- NEGATIVE 50.00 STABLE
BB+ Negative Baa3 NEGATIVE BBB- STABLE 44.58 STABLE
B STABLE B1 STABLE B POSITIVE 32.50 NEGATIVE
CCC NEGATIVE Caa3 Negative CCC 28.75 NEGATIVE
AA STABLE Aa2 STABLE AA STABLE 95.00
AAA NEGATIVE AA1 STABLE AA+ STABLE 97.96 NEGATIVE
AA+ STABLE Aaa STABLE AAA STABLE 96.89 NEGATIVE
BBB- STABLE Baa3 POSITIVE BBB- STABLE 52.50 STABLE
B- NEGATIVE Caa1 NEGATIVE B NEGATIVE 23.70 STABLE
BB- STABLE B2 STABLE B+ Positive 25.23 STABLE
B+ NEGATIVE B1 STABLE B Stable 35.00 STABLE


TE* S&P Moody's Fitch      
100 AAA Aaa AAA Prime    
95 AA+ Aa1 AA+ High grade  
The 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. Please note this is still a beta model with lots of work in progress. If you have any question please email us at contact@tradingeconomics.com


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
RELATED NEWS

Germany Inflation Rate Slows in March  
Consumer prices in Germany rose by an annual 1.0 percent in March of 2014, matching the preliminary estimate, and decelerating from 1.2 percent in February. The last time an inflation rate of 1.0 percent was observed was in August of 2010.
Germany Trade Surplus Increases 8.6% in February  
German trade surplus widened to € 16.3 billion in February of 2014 from € 15.0 billion in the previous month. Compared with the same month last year, the trade surplus narrowed slightly by 3 percent, as imports rose the most in nearly two-and-a-half years.
German Unemployment Rate Up to 5.1%  
In February of 2014, German seasonally adjusted jobless rate rose slightly to 5.1 percent from 5.0 percent in the previous month, figures published by the Federal Statistical Office showed. Youth unemployment rose to 7.7 percent from 7.6 percent in January.
German Inflation Rate Down to 3-1/2-Year Low  
Annual consumer prices in Germany are expected to slow to 1.0 percent in March of 2014, preliminary figures showed. The inflation rate decelerated for the third consecutive month, as energy prices keep falling.
Germany Inflation Rate Confirmed at 1.2% in February  
German consumer prices rose at a slower 1.2 percent in February of 2014, down from 1.3 percent in the previous month and confirming the preliminary estimate released later in February.
German Trade Surplus Widens in January  
Germany recorded a € 15 billion trade surplus in January of 2014, up from a revised € 13.9 billion in the previous month and € 13.6 billion a year earlier, as exports increased by an annual 2.9 percent and imports by 1.5 percent.
Germany Inflation Rate Down to 1.2% in February  
Consumer prices in Germany are expected to rise by 1.2% in February 2014 compared with February 2013, according to the preliminary data released by the Federal Statistical Office. The relatively low inflation rate is mainly due to decrease in energy prices.
Germany’s Unemployment Rate Down to 5% in January  
In January of 2014, German seasonally adjusted jobless rate fell to 5 percent from 5.1 percent in the previous month, figures published by the Federal Statistical Office showed. Youth unemployment fell slightly to 7.6 percent from 7.7 percent in December.
Exports Drive German GDP Growth in Q4  
In the last quarter of 2013, the German GDP expanded by 0.4 percent on a quarter-on-quarter basis, confirming an earlier estimate and boosted by foreign trade, while domestic demand remained weak.
German GDP Beats Expectations in Q4 2013  
German economic growth accelerated to 0.4 percent in the fourth quarter of 2013 up from 0.3 percent in the previous three-month period, supported by a rise in exports and capital investment.
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LATEST NEWS

South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
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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. 4/24/2014





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