China Credit Ratings & Outlooks

Land
Moody's
S&P
Fitch
DBRS
Scope Ratings
China
A1
Negative
A+
Stable
A
Stable
A
Stable
A
Stable

Rating-Historie

Land
Date of Change
Ratingagentur
Vorheriges Rating
Vorheriger Ausblick
Aktuelles Rating
Current Outlook
China
Apr. 03, 2025FitchA+NegativeAStable
China
Apr. 09, 2024FitchA+StableA+Negative
China
Dez. 05, 2023Moody'sA1StableA1Negative
China
Nov. 09, 2023DBRSA (high)NegativeAStable
China
Mai 05, 2023Scope RatingsA+NegativeAStable
China
Nov. 10, 2022DBRSA (high)StableA (high)Negative
China
Juni 03, 2022Scope RatingsA+StableA+Negative
China
Juli 09, 2021Scope RatingsA+NegativeA+Stable
China
Nov. 13, 2020DBRSA (high)NegativeA (high)Stable
China
März 21, 2019DBRSA (high)StableA (high)Negative
China
Sep. 21, 2018Scope RatingsA+StableA+Negative
China
Sep. 29, 2017Scope RatingsNRA+Stable
China
Sep. 21, 2017S&PAA-NegativeA+Stable
China
Mai 24, 2017Moody'sAa3NegativeA1Stable
China
März 31, 2016S&PAA-StableAA-Negative
China
März 02, 2016Moody'sAa3StableAa3Negative
China
Sep. 29, 2014DBRSNRA (high)Stable
China
Apr. 16, 2013Moody'sAa3PositiveAa3Stable
China
Dez. 16, 2010S&PA+StableAA-Stable
China
Nov. 11, 2010Moody'sA1PositiveAa3Positive

Table Key

BewertungMoody'sS&PFitchDBRSScope Ratings
Prime (Triple A)
Aaa
AAA
AAA
AAA
AAA
High Grade
Aa1
AA+
AA+
AA (high)
AA+
Aa2
AA
AA
AA
AA
Aa3
AA-
AA-
AA (low)
AA-
Upper Medium Grade
A1
A+
A+
A (high)
A+
A2
A
A
A
A
A3
A-
A-
A (low)
A-
Lower Medium Grade
Baa1
BBB+
BBB+
BBB (high)
BBB+
Baa2
BBB
BBB
BBB
BBB
Baa3
BBB-
BBB-
BBB (low)
BBB-
Non-Investment Grade Speculative
Ba1
BB+
BB+
BB (high)
BB+
Ba2
BB
BB
BB
BB
Ba3
BB-
BB-
BB (low)
BB-
Highly Speculative Grade
B1
B+
B+
B (high)
B+
B2
B
B
B
B
B3
B-
B-
B (low)
B-
Substantial Risk Grade
Caa1
CCC+
CCC+
CCC
Caa2
CCC
CCC
CCC
CCC
Caa3
CCC-
CCC-
CCC
Extremely Speculative Grade
Ca
CC
CC
CCC
CC
C
CCC
C
Im Verzug mit wenig Aussicht auf Wiedergewinn
CD
RD
RD
In Verzug
SD
SD
C
D
D
D
D
DD
DD
DDD
DDD
Nicht bewertet
NR
NR
NR
NR
NR
FAQ
China’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view China’s credit risk.
This page lists the latest rating and outlook actions for China, showing when each agency last reviewed or changed its assessment.
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence China's bond yields, currency, and equity flows as investors reassess risk.
You can explore how China ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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