Estland Credit Ratings & Outlooks

Land
Moody's
S&P
Fitch
DBRS
Scope Ratings
Estland
A1
Stable
NR
AA-
Negative
AA (low)
Stable
A+
Stable

Rating-Historie

Land
Date of Change
Ratingagentur
Vorheriges Rating
Vorheriger Ausblick
Aktuelles Rating
Current Outlook
Estland
Dez. 31, 2024S&PAA-NegativeNR
Estland
Apr. 19, 2024Scope RatingsAA-NegativeA+Stable
Estland
Mai 05, 2023Scope RatingsAA-StableAA-Negative
Estland
Dez. 06, 2022S&PAA-StableAA-Negative
Estland
Aug. 19, 2022FitchAA-StableAA-Negative
Estland
März 31, 2022S&PAA-PositiveAA-Stable
Estland
Aug. 20, 2021S&PAA-StableAA-Positive
Estland
Aug. 21, 2020S&PAA-PositiveAA-Stable
Estland
Feb. 28, 2020S&PAA-StableAA-Positive
Estland
Feb. 21, 2020Scope RatingsA+StableAA-Stable
Estland
Okt. 05, 2018FitchA+PositiveAA-Stable
Estland
Nov. 10, 2017FitchA+StableA+Positive
Estland
Okt. 27, 2017Scope RatingsNRA+Stable
Estland
Juli 14, 2017DBRSNRAA (low)Stable
Estland
Okt. 19, 2012S&PAA-NegativeAA-Stable
Estland
Jan. 13, 2012S&PAA-Negative WatchAA-Negative
Estland
Dez. 05, 2011S&PAA-StableAA-Negative Watch
Estland
Nov. 21, 2011FitchA+StableA+Stable
Estland
Aug. 09, 2011S&PAPositiveAA-Stable
Estland
Juli 05, 2011FitchAStableA+Stable

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
Estland’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 Estland’s credit risk.
This page lists the latest rating and outlook actions for Estland, showing when each agency last reviewed or changed its assessment.
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Estland's bond yields, currency, and equity flows as investors reassess risk.
You can explore how Estland 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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