Uganda Credit Ratings & Outlooks

Land
Moody's
S&P
Fitch
DBRS
Scope Ratings
Uganda
B3
Stable
B-
Stable
B
Stable
NR
NR

Rating-Historie

Land
Date of Change
Ratingagentur
Vorheriges Rating
Vorheriger Ausblick
Aktuelles Rating
Current Outlook
Uganda
Aug. 30, 2024FitchB+StableBStable
Uganda
Mai 17, 2024Moody'sB2NegativeB3Stable
Uganda
Okt. 06, 2023S&PBStableB-Stable
Uganda
Nov. 18, 2022Moody'sB2StableB2Negative
Uganda
Juni 20, 2022FitchB+NegativeB+Stable
Uganda
Juni 24, 2020FitchB+StableB+Negative
Uganda
Nov. 18, 2016Moody'sB1NegativeB2Stable
Uganda
Apr. 20, 2016Moody'sB1StableB1Negative
Uganda
Feb. 13, 2015FitchBPositiveB+Stable
Uganda
Jan. 17, 2014S&PB+NegativeBStable
Uganda
Dez. 20, 2013Moody'sNRB1Stable
Uganda
Sep. 05, 2013FitchBStableBPositive
Uganda
Dez. 11, 2012S&PB+StableB+Negative
Uganda
Okt. 07, 2011FitchBPositiveBStable
Uganda
Aug. 19, 2009FitchBStableBPositive
Uganda
Dez. 09, 2008S&PNRB+Stable
Uganda
März 17, 2005FitchNRBStable

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