The countries below are ordered more or less by their average rating:
Rating Agencies% of GDP
| Country | S&P | Moody’s | Fitch | Debt |
|---|---|---|---|---|
| Austria | AAA | AAA | 70.4 | |
| Canada | AAA | AAA | 84.0 | |
| Denmark | AAA | AAA | 43.6 | |
| Finland | AAA | AAA | 48.4 | |
| France | AAA | AAA | 83.5 | |
| Germany | AAA | AAA | 78.8 | |
| Luxembourg | AAA | AAA | 16.2 | |
| Netherlands | AAA | AAA | 64.6 | |
| Norway | AAA | AAA | 47.7 | |
| Sweden | AAA | AAA | 39.8 | |
| Switzerland | AAA | AAA | 38.2 | |
| United Kingdom | AAA | AAA | 76.5 | |
| United States | AA+ | Aaa | AAA | 58.9 |
| Australia | AAA | AA+ | 22.4 | |
| Belgium | AA+ | AA+ | 98.6 | |
| New Zealand | AA+ | AA+ | 25.5 | |
| Spain | AA | A2 | AA+ | 63.4 |
| Slovenia | AA | AA | 41.0 | |
| Japan | AA- | Aa3 | AA | 225.8 |
| Italy | A+ | Aa2 | AA- | 118.1 |
| Chile | A+ | A+ | 6.2 | |
| Slovakia | A+ | A+ | 41.0 | |
| Czech Republic | A | A+ | 38.5 | |
| Estonia | A | A+ | 6.6 | |
| South Korea | A | A+ | 23.7 | |
| Israel | A | A | 77.3 | |
| Poland | A- | A- | 55.0 | |
| Ireland | BBB+ | Ba1 | BBB+ | 94.2 |
| Mexico | BBB | BBB | 41.5 | |
| Hungary | BBB- | BBB- | 76.1 | |
| Portugal | BBB- | Ba2 | BBB- | 83.2 |
| Iceland | BBB- | BB+ | 123.8 | |
| Turkey | BB | BB+ | 48.1 | |
| Greece | CC | Ca | CCC | 144.0 |
For reference, these are throughe ratings by issuer:
| Category | S&P | Moody’s | Fitch |
|---|---|---|---|
| Prime | AAA | Aaa | AAA |
| High-grades | AA+ | Aa1 | AA+ |
| AA | Aa2 | AA | |
| AA- | Aa3 | AA- | |
| Upper mid-grade | A+ | A1 | A+ |
| A2 | A2 | A | |
| A- | A3 | A- | |
| Lower mid-grade | BBB+ | Baa1 | BBB+ |
| BBB | Baa2 | BBB | |
| BBB- | Baa3 | BBB- | |
| Junk | BB+ | Ba1 | BB+ |
| BB | Ba2 | BB | |
| BB- | Ba3 | BB- | |
| B+ | B1 | B+ | |
| B | B2 | B | |
| B- | B3 | B- | |
| CCC | Caa | CCC+ | |
| Ca3 | CCC | ||
| Ca | CC |