The decision of the credit rating agency Moody’s to downgrade the United Kingdom from AAA to Aa1 has been widely reported in the news recently.
- UK loses top AAA credit rating for the first time since 1978 (BBC News 23 Feb 2013)
- Rating Action: Moody’s downgrades UK’s government bond rating to Aa1 from Aaa (Moody’s 22 Feb 2013) – Moody’s ratings definitions
- UK Becomes Next Major Economy to have Credit Rating Downgraded (Euromonitor blog 25 Feb 2013)
Bankscope gives access to the current sovereign debt ratings from Moody’s, Standard and Poor’s (S&P) and Fitch.
At the Bankscope home page, select Help and Country ratings list:
Bloomberg Professional also has sovereign debt ratings – use function CSDR (Sovereign Ratings)
Selecting a country will launch CRPR (Credit Rating Profile) for more detail.
Selecting a rating will give the historical changes in a pop-up window.
Global Insight (from IHS) provides its own Sovereign Risk Ratings and how these compare with Fitch, S&P, and Moody’s.
For example on 27 Feb 2013:
- France is among the top rating “0 AAA Highest Quality” but given a “Higher Risk” by Fitch, S&P and Moody’s.
- Australia is among the rating “5 AA Very High Quality” but given a “Lower Risk” by Fitch, S&P and Moody’s.
IHS Global Insight covers 204 countries including many that are not covered by Fitch, S&P and Moody’s. For example, Zimbabwe “85 C Poorest Quality” and Somalia “95 D Poorest Quality“.
Now that we have access to Bankscope from Bureau van Dijk, we have added a question and answer for this.
Bankscope provides detailed financial, descriptive, ownership and rating information on over 29,000 public and private banks worldwide. It also provides country ratings from Fitch, Moody’s and Standard and Poor’s.
Bankscope – how banks are listed is a very useful post from the Aberconway library blog (Cardiff business school).