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Map of S&P's sovereign long-term foreign credit ratings as of March 2024. Legend: AAA AA+ AA AA− A+ A A− BBB+ BBB BBB− BB+ BB BB− B+ B B− CCC+ CCC CCC− SD/D. For S&P, a bond is considered investment grade if its credit rating is BBB− or
The Japan Credit Rating Agency (JCR), established in 1985, is a Japanese financial services company which publishes credit ratings to Japanese companies, local governments, and other interested parties. It provides ratings for 70% of financial companies and 60% of companies in other industries in Japan.
In August 2011, Moody's rating cut Japan's long-term sovereign debt rating by one notch to Aa3 from Aa2 in line with the size of the country's deficit and borrowing level. The large budget deficits and government debt since the global recession of 2008 and triple disaster in 2011, which contributed to the ratings downgrade.
A sovereign credit rating is the credit rating of a sovereign entity, such as a national government. The sovereign credit rating indicates the risk level of the investing environment of a country and is used by investors when looking to invest in particular jurisdictions, and also takes into account political risk.
Sovereign credit rating agencies play a crucial role in assessing and evaluating the creditworthiness of sovereign nations and their ability to meet their financial obligations. By assigning credit ratings to countries, these agencies provide valuable information to investors, governments, and financial institutions, aiding in decision-making ...
Sovereign credit risk is the risk of a government of a sovereign state becoming unwilling or unable to meet its loan or bond obligations leading to a sovereign default. Credit rating agencies will take into account the capital, interest, extraneous and procedural defaults, and failures to abide by the terms of bonds or other debt instruments when setting a countries credit rating.
The rating methodologies used to assess sovereign credit ratings are broadly similar to those used for corporate credit ratings, although the borrower's willingness to repay receives extra emphasis since national governments may be eligible for debt immunity under international law, thus complicating repayment obligations.
Comparative rating index of sovereigns (CRIS) is a method for credit rating sovereign countries as a relative measure to other countries. This is an alternative method to the more common absolute grade issued by major credit rating agencies as shown in the list of countries by credit rating .