Rating

infographics_rating_kingdom_of_sweden

Rating agencies assess the creditworthiness of the Kingdom of Sweden. Fitch, Moody's and Standard & Poor's are examples of such agencies. All three of them affirm the highest credit rating.

As of 2014, the Debt Office does not, in the capacity of issuer, have any commercial relationships with the rating agencies. Hence, ratings of Kingdom of Sweden are not based on requests by the Debt Office. The rating agencies determine the formal status of the rating. In general, ratings as of 2014 relate to the Kingdom of Sweden as an issuer, not to individual government securities.

Issuer rating of Kingdom of Sweden
Moody's Aaa
Standard & Poor's AAA
Fitch AAA

 

Rating scales

Rating agencies use different scales of rankings for short-term and long-term debt liabilities. They also have separate ratings for domestic and foreign currency borrowing. The scale of ratings in the table refers to long-term borrowing and investment grade, i.e. investments with high to highest credit rating (Aaa and AAA). The level below is speculative grade, investments with a possible to high risk that the borrower cannot make payments. 

Agencies' rating scales
Long termShort term
Moody'sStandard & Poor'sFitchMoody'sStandard & Poor'sFitch
Aaa AAA AAA P1 A1+ F1+
Aa1 AA+ AA+ P2 A1 F1
Aa2; AA AA P3 A2 F2
Aa3 AA- AA- NP A3 F3
A1 A+ A+
A2 A A
A3 A- A-
Baa1 BBB+ BBB+
Baa2 BBB BBB
Baa3 BBB- BBB-