Credit rating by Standard and Poors and Moodys

31 Mar 2007

1

International comparison of sovereign credit ratings in 1998
Sovereign credit ratings refer to the sovereign ceiling for foreign currency ratings on long-term bonds and notes - as on December 1998 of top 15 debtor countries (as given in Global Development Finance, 1999)

Country S&P S&P Moody's Moody's
Ratings Grade Ratings Grade
Brazil BB- Speculative B2 Speculative
Mexico BB Speculative Ba2 Speculative
China BBB+ Investment A3 Investment
Korea BB+ Speculative Ba1 Speculative
Indonesia CCC+ Speculative B3 Speculative
Russian Federation CCC- Speculative B3 Speculative
Argentina BB Speculative Ba3 Speculative
India BB Speculative Ba2 Speculative
Thailand BBB- Investment Ba1 Speculative
Turkey B Speculative B1 Speculative
Malaysia BBB- Investment Baa3 Investment
Philippines BB+ Speculative Ba1 Speculative
Poland BBB- Investment Baa3 Investment
Venezuela B+ Speculative B2 Speculative
Colombia BBB- Investment Baa3 Investment

Source: Sovereign ratings have been drawn from the web sites of S&P and Moody’s.

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