Fitch Ratings changed on Friday 6 November 2020 Slovakia’s sovereign credit rating outlook to negative from stable and affirmed the debt grade at A, citing as main trigger behind the decision Fitch’s view that the loss of revenues associated with the slump in growth combined with fiscal stimulus measures will lead to a larger and more prolonged widening of the fiscal deficit than previously expected, negatively impacting debt dynamics. Standard & Poor's credit rating for Slovakia stands at A+ with negative outlook. Moody's credit rating for Slovakia was last set at A2 with stable outlook. DBRS's credit rating for Slovakia is A (high) with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Slovakia thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Slovakia as reported by major credit rating agencies.


AgencyRatingOutlookDate
FitchA Negative Nov 06 2020
S&PA+ Negative Jul 24 2020
FitchA Stable May 08 2020
Moody'sA2 Stable Sep 27 2019
Moody'sA2 Positive Apr 07 2017
DBRSA (high) Stable Apr 22 2016
S&PA+ Stable Jul 31 2015
S&PA Positive Aug 01 2014
Moody'sA2 Stable Oct 04 2013
Moody'sA2 Negative Feb 13 2012
S&PA Stable Jan 13 2012
S&PA+ Negative Watch Dec 05 2011
S&PA+ Positive Aug 24 2011
Moody'sA1 Stable Mar 27 2009
S&PA+ Stable Nov 27 2008
Moody'sA1 Positive Jul 31 2008
FitchA+ Stable Jul 08 2008
FitchA Negative Watch May 07 2008
S&PA Positive Mar 03 2008
FitchA Positive Jul 23 2007
Moody'sA1 Stable Oct 17 2006
Moody'sA2 Positive Watch Mar 09 2006
S&PA Stable Dec 19 2005
FitchA Stable Oct 11 2005
Moody'sA2 Positive Jan 12 2005
S&PA- Positive Dec 13 2004
Moody'sA3 Positive Watch Oct 06 2004
FitchA- Stable Sep 21 2004
Moody'sA3 Positive Jun 18 2004
S&PBBB+ Positive Mar 02 2004
FitchBBB+ Positive Jan 22 2004
FitchBBB Positive Nov 04 2003
FitchBBB Stable Mar 03 2003
S&PBBB Positive Dec 19 2002
Moody'sA3 Stable Nov 12 2002
FitchBBB- Positive Nov 01 2002
Moody'sBaa3 Stable Nov 13 2001
S&PBBB- Positive Oct 30 2001
FitchBB+ Positive Feb 20 2001
Moody'sBa1 Positive Nov 30 2000
S&PBB+ Positive Nov 09 2000
FitchBB+ Stable Sep 21 2000
S&PBB+ Stable Nov 12 1999
Moody'sBa1 Stable Oct 27 1999
FitchBB+ N/A Dec 22 1998
FitchBBB- Negative Watch Oct 05 1998
Moody'sBa1 Negative Watch Oct 01 1998
S&PBB+ Negative Sep 17 1998
S&PBBB- Negative Apr 06 1998
Moody'sBa1 Stable Mar 30 1998
Moody'sBaa3 Negative Watch Jan 20 1998
FitchBBB- N/A Aug 08 1996
S&PBBB- Stable Apr 11 1996
Moody'sBaa3 Stable May 15 1995
S&PBB+ Stable Apr 05 1995
S&PBB- Stable Feb 15 1994

 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB+ 62
CCC+ Caa1 CCC 21
CCC+ Ca CCC CCC 15
Ba3 B+ 16
BBB+ BB 55
AAA Aaa AAA AAA 100
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 48
BB- Ba2 45
B+ B2 B+ 35
BB- Ba3 BB- 40
B- Caa1 22
B B3 B 28
AA Aa3 AA- AA (high) 86
CCC+ Caa3 20
B+ B2 B 31
A+ A2 N/A 78
B+ B2 B 33
B B3 27
BBB+ A2 70
BB- Ba2 BB- BB (low) 42
BBB Baa1 BBB 60
B 25
N/A B2 30
B- B2 B 28
AAA Aaa AA+ AAA 100
B B- 27
Aa3 85
A+ A1 A- N/A 78
A+ A1 A+ A (high) 80
BBB- Baa2 BBB- BBB 57
CCC+ Caa1 20
B B2 B 31
BBB- Ba1 BBB- 51
Caa2 15
BBB- Ba2 BBB- BBB (low) 50
AA- Aa3 AA- 83
AAA Aaa AAA AAA 100
BB- Ba3 BB- 40
B- Caa3 B- 18
B B2 B+ 30
B- B3 B- 25
AA- A1 AA- AA (low) 83
B B2 B 30
AA Aaa AAA AAA 98
BB- Ba3 40
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AA (high) 92
N/A Caa1 CCC 26
BB Ba2 BB 45
AAA Aaa AAA AAA 100
B- B3 B 23
BB- Ba3 BB BB (low) 37
SD
BB- Ba1 BB- 43
BB- B1 35
AA+ Aa3 AA- 90
BBB Baa3 BBB 58
A A2 A 75
BBB- Baa3 BBB- BBB 56
BBB Baa2 BBB 60
B- Caa1 B- 23
AA- A2 A+ A (high) 78
N/A Aa3 90
AA- A1 A+ 81
BBB Baa3 BBB- BBB (high) 61
Ba3 B+ 37
B+ B2 B+ 33
A+ A1 A A (high) 77
B+ B1 BB- 36
BBB- Baa3 BBB 56
B+ B2 B+ 33
AA- A1 AA 88
NR B2 30
Caa2 CCC 20
A+ A3 A- A (low) 73
D C RD 11
B 30
AAA 100
A+ A3 A A 75
AAA Aaa AAA AAA 100
Aa3 AA 87
BB- BB+ 45
A- A3 A- 70
B3 CCC 27
Caa1 25
A- A2 A+ A (high) 75
Baa1 65
BBB Baa1 BBB- BBB 60
B3 25
B B3 B 28
B+ B1 35
BBB- 55
BBB- Ba1 BB+ 53
CCC+ Caa2 CCC 14
Ba2 BB 45
AAA Aaa AAA AAA 100
AA Aaa AA 93
B- B3 B- 25
B3
B- B2 B 28
AAA Aaa AAA AAA 99
B+ Ba3 BB- 40
B- B3 B- 25
BBB Baa1 BBB 63
B- B2 30
BB Ba1 BB+ 46
BBB+ A3 BBB+ N/A 65
BBB+ Baa2 BBB 61
A- A2 A- A 71
BBB Baa3 BBB BBB (high) 71
D 0
AA- Aa3 AA- 85
CCC+ Caa2 CCC 20
BBB- Baa3 BBB- 55
BBB- Baa3 BBB 55
B+ B2 B+ 33
BB+ 55
A- A1 A 75
B+ Ba3 37
BB+ Ba3 BB+ 46
B+ 45
AAA Aaa AAA AAA 98
A+ A2 A A (high) 76
AA- A3 A A (high) 75
B3 25
BB- Ba2 BB- 45
AA Aa2 AA- 86
A Baa1 A- A 71
B- Caa1 CCC 23
B3 25
SD Caa3 C 15
B3 30
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA- Aa3 AA- 83
B- B3 25
B2 35
BBB+ Baa1 BBB+ 65
B B3 30
BBB- Ba1 52
N/A B2 B 30
B+ B2 BB- BB (high) 36
B B2 B+ 31
B B3 B 26
AA Aa2 AA- 90
AA Aa3 AA- AA (high) 90
AA+ Aaa AAA AAA 98
BBB Baa2 BBB- BBB (low) 55
BB- B1 BB- 38
SD WR RD 11
BB Ba3 BB 43
SD Ca RD 30


Credit Ratings

TE S&P Moody's Fitch DBRS Description
100 AAA Aaa AAA AAA Prime
95 AA+ Aa1 AA+ AA (high) High grade
90 AA Aa2 AA AA
85 AA- Aa3 AA- AA (low)
80 A+ A1 A+ A (high) Upper medium grade
75 A A2 A A
70 A- A3 A- A (low)
65 BBB+ Baa1 BBB+ BBB (high) Lower medium grade
60 BBB Baa2 BBB BBB
55 BBB- Baa3 BBB- BBB (low)
50 BB+ Ba1 BB+ BB (high) Non-investment grade
speculative
45 BB Ba2 BB BB
40 BB- Ba3 BB- BB (low)
35 B+ B1 B+ B (high) Highly speculative
30 B B2 B B
25 B- B3 B- B (low)
20 CCC+ Caa1 CCC CCC (high) Substantial risks
15 CCC Caa2 CCC Extremely speculative
10 CCC- Caa3 CCC (low) In default with little
prospect for recovery
  CC Ca CC
5 C C C
0 D / DDD   In default
/ DD D
D
Standard & Poor, Moody's, Fitch and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com