| Overall ranking | Euromoney rating | Moody’s | S&P | IBCA | |
| 1 | United States | ααα | Aaa | AAA | AAA |
| 2 | Luxembourg | ααα | Aaa | AAA | AAA |
| 3 | Netherlands | ααα | Aaa | AAA | AAA |
| 4 | United Kingdom | ααα | Aaa | AAA | AAA |
| 5 | Norway | ααα | Aa1 | AAA | AAA |
| 6 | Canada | ααα | Aa2 | AA+ | AA |
| 7 | Germany | ααα | Aaa | AAA | AAA |
| 8 | Denmark | ααα | Aa1 | AA+ | AA+ |
| 9 | Austria | ααα | Aaa | AAA | AAA |
| 10 | Ireland | ααα | Aa1 | AA | AA+ |
| 11 | Singapore | ααα | Aa1 | AAA | – |
| 12 | Switzerland | ααα | Aaa | AAA | AAA |
| 13 | Japan | ααα | Aaa | AAA | AAA |
| 14 | France | ααα | Aaa | AAA | AAA |
| 15 | Finland | ααα | Aa1 | AA | AA+ |
| 16 | Belgium | ααα | Aa1 | AA+ | AA+ |
| 17 | New Zealand | ααα | Aa1 | AA+ | – |
| 18 | Australia | ααα | Aa2 | AA | AA |
| 19 | Spain | ααα | Aa2 | AA | AA |
| 20 | Portugal | ααα | Aa3 | AA- | AA- |
| 21 | Sweden | ααα | Aa3 | AA+ | AA- |
| 22 | Taiwan | αα | Aa3 | AA+ | – |
| 23 | Italy | αα | Aa3 | AA | AA- |
| 24 | Iceland | αα | Aa3 | A+ | – |
| 25 | Hong Kong | αα | A3 | A+ | A+ |
| 26 | Cyprus | αα | A2 | AA- | – |
| 27 | Korea South | αα | A1 | AA- | AA- |
| 28 | Malaysia | α | A1 | A+ | – |
| 29 | Chile | α | Baa1 | A- | A- |
| 30 | Greece | α | Baa1 | BBB- | BBB |
| 31 | United Arab Emirates | α | Baa1 | – | – |
| 32 | Brunei | α | – | – | – |
| 33 | Israel | α | A3 | A- | A- |
| 34 | Kuwait | α | Baa1 | – | A |
| 35 | Saudi Arabia | α | Baa3 | – | – |
| 36 | Slovenia | α | A3 | A | A- |
| 37 | Czech Republic | α | Baa1 | A | A- |
| 38 | Malta | α | A2 | A+ | A |
| 39 | Mauritius | α | Baa2 | – | – |
| 40 | China | α | A3 | BBB+ | – |
| 41 | Hungary | βββ | Baa3 | BBB- | BBB |
| 42 | Qatar | βββ | Baa2 | BBB | – |
| 43 | Indonesia | βββ | Baa3 | BBB | BBB- |
| 44 | South Africa | βββ | Baa3 | BB+ | BB |
| 45 | Bahrain | βββ | Ba1 | – | – |
| 46 | Thailand | βββ | A3 | A | – |
| 47 | Poland | βββ | Baa3 | BBB- | BBB |
| 48 | Oman | βββ | Baa2 | BBB- | – |
| 49 | Philippines | βββ | Ba1 | BB+ | – |
| 50 | Bahamas | βββ | A3 | – | – |
| 51 | Mexico | βββ | Ba2 | BB | BB |
| 52 | Argentina | βββ | B1 | BB | BB |
| 53 | India | βββ | Baa3 | BB+ | – |
| 54 | Slovak Republic | βββ | Baa3 | BBB- | BBB- |
| 55 | Colombia | βββ | Baa3 | BBB- | – |
| 56 | Tunisia | ββ | Baa3 | BBB- | BBB- |
| 57 | Uruguay | ββ | Baa3 | BBB- | BBB- |
| 58 | Bermuda | ββ | Aa1 | AA | AA |
| 59 | Latvia | ββ | – | BBB | – |
| 60 | Panama | ββ | Baa1 | BB+ | – |
| 61 | Brazil | ββ | B1 | BB- | B+ |
| 62 | Lithuania | ββ | Ba2 | BBB- | BB+ |
| 63 | Estonia | ββ | – | – | – |
| 64 | Egypt | ββ | Ba2 | BBB- | – |
| 65 | El Salvador | ββ | Baa3 | BB | – |
| 66 | Morocco | ββ | – | – | – |
| 67 | Botswana | ββ | – | – | – |
| 68 | Jordan | ββ | Ba3 | BB- | – |
| 69 | Turkey | ββ | B1 | B | B+ |
| 70 | Croatia | ββ | Baa3 | BBB- | BBB- |
| 71 | Venezuela | ββ | Ba2 | B+ | – |
| 72 | Trinidad & Tobago | ββ | Ba1 | BB+ | – |
| 73 | Guatemala | ββ | Ba2 | – | – |
| 74 | Lebanon | ββ | B1 | BB- | BB |
| 75 | Romania | ββ | Ba3 | BB- | BB- |
| 76 | Costa Rica | ββ | Ba1 | BB | – |
| 77 | Vietnam | ββ | Ba3 | – | – |
| 78 | Peru | ββ | B2 | – | – |
| 79 | Russia | β | Ba2 | BB- | BB+ |
| 80 | Paraguay | β | – | BB- | – |
| 81 | Fiji | β | – | – | – |
| 83 | Papua New Guinea | β | – | – | – |
| 84 | Sri Lanka | β | – | – | – |
| 85 | Kazakhstan | β | Ba3 | BB- | BB- |
| 86 | Ghana | β | – | – | – |
| 87 | Bangladesh | β | – | – | – |
| 88 | Pakistan | β | B2 | B+ | – |
| 89 | Bolivia | β | – | – | – |
| 90 | Dominican Republic | β | B1 | B+ | – |
| 91 | Honduras | β | – | – | – |
| 92 | Zimbabwe | β | – | – | – |
| 93 | Kenya | β | – | – | – |
| 94 | Uzbekistan | ΔΔΔ | – | – | – |
| 95 | Jamaica | ΔΔΔ | – | – | – |
| 96 | Mongolia | ΔΔΔ | – | – | – |
| 97 | Bulgaria | ΔΔΔ | B3 | – | – |
| 98 | Algeria | ΔΔΔ | – | – | – |
| 99 | Ecuador | ΔΔΔ | – | – | – |
| 100 | Côte d’Ivoire | ΔΔΔ | – | – | – |
| 101 | Uganda | ΔΔΔ | – | – | – |
| 102 | Syria | ΔΔΔ | – | – | – |
| 103 | Nepal | ΔΔΔ | – | – | – |
| 104 | Gabon | ΔΔΔ | – | – | – |
| 105 | Moldova | ΔΔΔ | Ba2 | – | – |
| 106 | Yemen | ΔΔΔ | – | – | – |
| 107 | Solomon Islands | ΔΔΔ | – | – | – |
| 108 | Vanuatu | ΔΔΔ | – | – | – |
| 109 | Senegal | ΔΔΔ | – | – | – |
| 110 | Mali | ΔΔΔ | – | – | – |
| 111 | Seychelles | ΔΔΔ | – | – | – |
| 112 | Burkina Faso | ΔΔΔ | – | – | – |
| 113 | Iran | ΔΔΔ | – | – | – |
| 114 | Namibia | ΔΔΔ | – | – | – |
| 115 | Western Samoa | ΔΔΔ | – | – | – |
| 116 | Tanzania | ΔΔΔ | – | – | – |
| 117 | Cameroon | ΔΔΔ | – | – | – |
| 118 | St Lucia | ΔΔΔ | – | – | – |
| 120 | Myanmar | ΔΔΔ | – | – | – |
| 121 | Lesotho | ΔΔΔ | – | – | – |
| 122 | Swaziland | ΔΔΔ | – | – | – |
| 123 | St Vincent & the Grenadines | ΔΔΔ | – | – | – |
| 124 | Maldives | ΔΔΔ | – | – | – |
| 125 | Togo | ΔΔΔ | – | – | – |
| 126 | Niger | ΔΔΔ | – | – | – |
| 127 | Nigeria | ΔΔΔ | – | – | – |
| 128 | Malawi | ΔΔΔ | – | – | – |
| 129 | Barbados | ΔΔ | Ba1 | – | – |
| 130 | Ukraine | ΔΔ | – | – | – |
| 131 | Dominica | ΔΔ | – | – | – |
| 132 | Belarus | ΔΔ | – | – | – |
| 133 | Guinea | ΔΔ | – | – | – |
| 134 | Madagascar | ΔΔ | – | – | – |
| 135 | Guyana | ΔΔ | – | – | – |
| 136 | Congo | ΔΔ | – | – | – |
| 137 | Armenia | ΔΔ | – | – | – |
| 138 | Tajikistan | ΔΔ | – | – | – |
| 139 | Ethiopia | ΔΔ | – | – | – |
| 140 | Azerbaijan | ΔΔ | – | – | – |
| 141 | Nicaragua | ΔΔ | – | – | – |
| 142 | Benin | ΔΔ | – | – | – |
| 143 | Cape Verde | ΔΔ | – | – | – |
| 144 | Laos | ΔΔ | – | – | – |
| 145 | Gambia | ΔΔ | – | – | – |
| 146 | Turkmenistan | ΔΔ | – | – | – |
| 147 | Tonga | ΔΔ | – | – | – |
| 148 | Mozambique | ΔΔ | – | – | – |
| 149 | Zambia | ΔΔ | – | – | – |
| 150 | Surinam | ΔΔ | – | – | – |
| 151 | Haiti | ΔΔ | – | – | – |
| 152 | Macedonia FYR | ΔΔ | – | – | – |
| 153 | Chad | ΔΔ | – | – | – |
| 154 | Angola | ΔΔ | – | – | – |
| 155 | Albania | ΔΔ | – | – | – |
| 156 | Macau | ΔΔ | – | – | – |
| 157 | Kyrgyzstan | ΔΔ | – | – | – |
| 158 | Rwanda | ΔΔ | – | – | – |
| 159 | Cambodia | ΔΔ | – | – | – |
| 160 | Grenada | ΔΔ | – | – | – |
| 161 | Mauritania | Δ | – | – | – |
| 162 | Sierra Leone | Δ | – | – | – |
| 163 | Yugoslavia | Δ | – | – | – |
| 164 | Georgia | Δ | – | – | – |
| 165 | Bhutan | Δ | – | – | – |
| 166 | Libya | Δ | – | – | – |
| 167 | New Caledonia | Δ | – | – | – |
| 168 | Guinea-Bissau | Δ | – | – | – |
| 169 | Djibouti | Δ | – | – | – |
| 170 | Democratic Rep of Congo (Zaire) | Δ | – | – | – |
| 171 | Central African Republic | Δ | – | – | – |
| 172 | Sudan | Δ | – | – | – |
| 173 | Equatorial Guinea | Δ | – | – | – |
| 174 | Somalia | Δ | – | – | – |
| 175 | Liberia | Δ | – | – | – |
| 176 | Sao Tome & Principe | Δ | – | – | – |
| 177 | Antigua & Barbuda | Δ | – | – | – |
| 178 | Cuba | N/R | – | – | – |
| 179 | North Korea | N/R | – | – | – |
| 180 | Iraq | N/R | – | – | – |
| 181 | Afghanistan | N/R | – | – | – |
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