Credit ratings: Fitch rating: AA (2011)
Moody's rating: Aaa (2002)
Standard & Poors rating: AA (2011)
Definition: This entry provides the current bond ratings for a country or territory from each of the three major credit bureaus (Fitch, Moody’s, and Standard & Poors). These ratings allow investors, including international finance institutions (e.g., the World Bank Group, the International Monetary Fund, etc.) to understand how likely a government’s bond is to default. Rating factors include the following aspects: current account balance, debt payment history and timeliness, banking and financial operations, future economic outlook, and national economic strength. While in recent years other credit rating agencies have proliferated, these three credit agencies constitute more than 95% of the credit evaluation market globally and are the primary sovereign debt ratings considered by international and regional finance institutions.
Source: CIA World Factbook - This page was last updated on Saturday, September 18, 2021
