Credit rating by Standard and Poors and Moodys
31 Mar 2007
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.