Standard & Poor's credit rating for Venezuela stands at SD with n/a outlook. Moody's credit rating for Venezuela was last set at C with stable outlook. Fitch's credit rating for Venezuela was last reported at RD with n/a outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Venezuela thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Venezuela as reported by major credit rating agencies.



AgencyRatingOutlookDate
Moody'sC Stable Mar 09 2018
TE12 Negative Watch Mar 09 2018
TE12 Negative Watch Mar 09 2018
TE12 Negative Watch Mar 09 2018
TE12 Negative Watch Mar 09 2018
TE12 Negative Watch Mar 09 2018
TE12 Negative Watch Mar 09 2018
TE12 Negative Watch Mar 09 2018
TE12 Negative Watch Mar 09 2018
TE12 Negative Watch Mar 09 2018
S&PSD N/A Nov 14 2017
FitchRD N/A Nov 14 2017
TE12 Negative Watch Nov 14 2017
TE12 Negative Watch Nov 14 2017
TE12 Negative Watch Nov 14 2017
TE12 Negative Watch Nov 14 2017
TE12 Negative Watch Nov 14 2017
TE12 Negative Watch Nov 14 2017
TE12 Negative Watch Nov 14 2017
TE12 Negative Watch Nov 14 2017
TE12 Negative Watch Nov 14 2017
S&PCC Negative Watch Nov 03 2017
FitchC N/A Nov 03 2017
TE13 Negative Nov 03 2017
TE13 Negative Nov 03 2017
TE13 Negative Nov 03 2017
TE13 Negative Nov 03 2017
TE13 Negative Nov 03 2017
TE13 Negative Nov 03 2017
TE13 Negative Nov 03 2017
TE13 Negative Nov 03 2017
TE13 Negative Nov 03 2017
TE13 Negative Aug 30 2017
FitchCC N/A Aug 30 2017
TE13 Negative Aug 30 2017
TE13 Negative Aug 30 2017
TE13 Negative Aug 30 2017
TE13 Negative Aug 30 2017
TE13 Negative Aug 30 2017
TE13 Negative Aug 30 2017
TE13 Negative Aug 30 2017
TE13 Negative Aug 30 2017
S&PCCC- Negative Jul 11 2017
TE15 Negative Jul 11 2017
TE15 Negative Jul 11 2017
TE15 Negative Jul 11 2017
TE15 Negative Jul 11 2017
TE15 Negative Jul 11 2017
TE15 Negative Jul 11 2017
TE15 Negative Jul 11 2017
TE15 Negative Jul 11 2017
TE15 Negative Jul 11 2017
TE15 Negative Apr 16 2016
TE5 Negative Apr 16 2016
TE15 Negative Apr 16 2016
TE15 Negative Apr 16 2016
TE15 Negative Apr 16 2016
TE15 Negative Apr 16 2016
TE15 Negative Apr 16 2016
TE15 Negative Apr 16 2016
TE15 Negative Apr 16 2016
TE15 Negative Apr 16 2016
Moody'sCaa3 Negative Mar 04 2016
TE15 Negative Mar 04 2016
TE15 Negative Mar 04 2016
TE15 Negative Mar 04 2016
TE15 Negative Mar 04 2016
TE15 Negative Mar 04 2016
TE15 Negative Mar 04 2016
TE15 Negative Mar 04 2016
TE15 Negative Mar 04 2016
TE15 Negative Mar 04 2016
S&PCCC Negative Feb 09 2015
TE16 Negative Feb 09 2015
TE16 Negative Feb 09 2015
TE16 Negative Feb 09 2015
TE16 Negative Feb 09 2015
TE16 Negative Feb 09 2015
TE16 Negative Feb 09 2015
TE16 Negative Feb 09 2015
TE16 Negative Feb 09 2015
TE16 Negative Feb 09 2015
Moody'sCaa3 Stable Jan 13 2015
TE20 Negative Jan 13 2015
TE20 Negative Jan 13 2015
TE20 Negative Jan 13 2015
TE20 Negative Jan 13 2015
TE20 Negative Jan 13 2015
TE20 Negative Jan 13 2015
TE20 Negative Jan 13 2015
TE20 Negative Jan 13 2015
TE20 Negative Jan 13 2015
FitchCCC N/A Dec 18 2014
TE23 Negative Dec 18 2014
TE23 Negative Dec 18 2014
TE23 Negative Dec 18 2014
TE23 Negative Dec 18 2014
TE23 Negative Dec 18 2014
TE23 Negative Dec 18 2014
TE23 Negative Dec 18 2014


 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB+ 60
B- B3 B 28
B B2 B B 31
B1 B+ 35
BBB+ BBB- 60
AAA Aaa AAA AAA 100
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 50
BB+ Baa3 52
B+ B2 BB- 36
BB- Ba3 BB- 40
SD Caa3 15
B B3 B 26
AA Aa3 AA- AA (high) 88
B- B3 20
B+ N/A 30
A+ A2 N/A 78
BB- Ba3 BB- 41
B B3 28
A- A2 72
BB- Ba2 BB- BB (low) 42
BBB- Baa2 BBB 58
B 25
N/A B2 30
B B2 B 30
AAA Aaa AAA AAA 99
B B 30
Aa3 85
A+ A1 A N/A 80
A+ A1 A+ A (high) 81
BBB- Baa2 BBB BBB 58
CCC+ B3 22
BB- B1 BB 43
BB+ Ba2 BB+ 48
Caa2 15
BBB- Ba2 BBB- BBB (low) 50
AA- A1 AA- 81
AAA Aaa AAA AAA 100
BB- Ba3 BB- 38
B- B3 B- 26
B B3 B 28
CCC+ B3 B- 21
AA- A1 AA- AA (low) 81
B B1 B 31
AA Aaa AAA AAA 98
B+ Ba3 35
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AAA 92
N/A Caa1 B 26
BB- Ba2 BB- 41
AAA Aaa AAA AAA 100
B B3 B 26
B+ B3 BB- B (high) 30
SD
BB- Ba1 BB 46
BB- B1 35
AA+ Aa2 AA+ 95
BBB- Baa3 BBB- 55
A A3 A 73
BBB- Baa2 BBB- BBB 56
BBB- Baa2 BBB 56
B- Caa1 B- 25
A+ A2 A+ A (high) 76
N/A Aa2 92
AA- A1 A+ 80
BBB Baa3 BBB BBB (high) 62
Ba3 B+ 38
B B3 B 28
A+ A1 A A 77
B+ B1 37
BBB- Baa3 BBB 56
B+ B2 B+ 35
AA Aa2 AA 90
NR B2 30
A A3 A- A (low) 70
B- B3 B- 28
B+ 35
AAA 100
A A3 A- A (low) 71
AAA Aaa AAA AAA 100
Aa3 AA 85
BB- BB 42
A- A3 A- 70
B2 B+ 32
A- A3 A+ A (high) 73
Baa1 65
BBB+ A3 BBB+ BBB (high) 65
B3 25
B B3 B 26
B+ B1 35
BBB- 55
BBB- Ba1 BBB- 53
SD Caa3 RD 12
Ba1 BB+ 52
AAA Aaa AAA AAA 100
AA Aaa AA 93
B- B2 B- 28
B B2 B+ 31
AAA Aaa AAA AAA 99
BB Baa3 BBB- 53
B B3 B 28
BBB Baa2 BBB 60
B B2 32
BB Ba1 BB 46
BBB+ A3 BBB+ N/A 65
BBB Baa2 BBB 60
A- A2 A- A 71
BBB- Baa3 BBB BBB 56
D 0
AA- Aa3 AA- 85
B- Caa2 CC 23
BBB- Baa3 BBB- 55
BBB- Ba1 BBB- 51
B B2 B+ 31
BBB- 55
A- A1 A+ 78
B+ Ba3 37
BB Ba3 BB 38
BB- 40
AAA Aaa AAA AAA 98
A+ A2 A+ A (high) 78
A+ Baa1 A- A 72
B3 25
BB Baa3 BB+ 50
AA Aa2 AA- 86
A- Baa1 A- A 68
B B2 B 31
B3 25
B B2 B- 28
B2
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA- Aa3 AA- 83
B- B3
B1
BBB+ Baa1 BBB+ 65
BBB+ Ba1 57
N/A B2 B+ 35
B+ Ba3 BB BB (high) 43
B B2 B+ 33
B- Caa2 B- 20
AA Aa2 AA 90
AA Aa2 AA AAA 93
AA+ Aaa AAA AAA 98
BBB Baa2 BBB- BBB (low) 55
SD C RD 12
BB- Ba3 BB 40
B- Caa1 B- 34


Ratings

TE S&P Moody's Fitch DBRS Description
100 AAA Aaa AAA AAA Prime
95 AA+ Aa1 AA+ AA (high) High grade
90 AA Aa2 AA AA
85 AA- Aa3 AA- AA (low)
80 A+ A1 A+ A (high) Upper medium grade
75 A A2 A A
70 A- A3 A- A (low)
65 BBB+ Baa1 BBB+ BBB (high) Lower medium grade
60 BBB Baa2 BBB BBB
55 BBB- Baa3 BBB- BBB (low)
50 BB+ Ba1 BB+ BB (high) Non-investment grade
speculative
45 BB Ba2 BB BB
40 BB- Ba3 BB- BB (low)
35 B+ B1 B+ B (high) Highly speculative
30 B B2 B B
25 B- B3 B- B (low)
20 CCC+ Caa1 CCC CCC (high) Substantial risks
15 CCC Caa2 CCC Extremely speculative
10 CCC- Caa3 CCC (low) In default with little
prospect for recovery
  CC Ca CC
5 C C C
0 D / DDD   In default
/ DD D
D
Standard & Poor, Moody's, Fitch and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com


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