Canada Credit Ratings & Outlooks

Paese	Moody's	S&P	Fitch	DBRS	Scope Ratings
Canada	Aaa Stable	AAA Stable	AA+ Stable	AAA Stable	NR

Storico del rating sul credito

Paese	Date of Change	Agenzie di rating	Rating precedente	Outlook precedente	Rating attuale	Current Outlook
Canada	giu 24, 2020	Fitch	AAA	Stable	AA+	Stable
Canada	ago 12, 2004	Fitch	AA+	Stable	AAA	Stable
Canada	dic 16, 2002	DBRS	AA (high)	Stable	AAA	Stable
Canada	set 20, 2002	Fitch	AA+	Stable	AA+	Stable
Canada	lug 29, 2002	S&P	AA+	Stable	AAA	Stable
Canada	mag 03, 2002	Moody's	Aa1	Stable	Aaa	Stable
Canada	apr 03, 2001	Fitch	AA	Stable	AA+	Stable
Canada	set 21, 2000	Fitch	AA	—	AA	Stable
Canada	giu 21, 2000	Moody's	Aa2	Positive Watch	Aa1	Stable
Canada	apr 06, 2000	Moody's	Aa2	Stable	Aa2	Positive Watch
Canada	ott 22, 1997	DBRS	AA (high)	Negative	AA (high)	Stable
Canada	feb 24, 1997	S&P	AA+	Negative	AA+	Stable
Canada	apr 12, 1995	Moody's	Aa1	Negative Watch	Aa2	Stable
Canada	mar 28, 1995	DBRS	AA (high)	Stable	AA (high)	Negative
Canada	mar 03, 1995	S&P	AA+	Stable	AA+	Negative
Canada	feb 16, 1995	Moody's	Aa1	Stable	Aa1	Negative Watch
Canada	ago 10, 1994	Fitch	NR		AA	—
Canada	giu 02, 1994	Moody's	Aaa	Stable	Aa1	Stable
Canada	mar 21, 1994	DBRS	AAA	Negative	AA (high)	Stable
Canada	mag 28, 1993	DBRS	AAA	—	AAA	Negative

Legenda della tabella

Voto	Moody's	S&P	Fitch	DBRS	Scope Ratings
Ottimo	Aaa	AAA	AAA	AAA	AAA
Voto elevato	Aa1	AA+	AA+	AA (high)	AA+
	Aa2	AA	AA	AA	AA
	Aa3	AA-	AA-	AA (low)	AA-
Voto medio alto	A1	A+	A+	A (high)	A+
	A2	A	A	A	A
	A3	A-	A-	A (low)	A-
Voto medio-basso	Baa1	BBB+	BBB+	BBB (high)	BBB+
	Baa2	BBB	BBB	BBB	BBB
	Baa3	BBB-	BBB-	BBB (low)	BBB-
Speculativo non adatto come investimento	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
Extremely Speculative Grade			C	CCC	C
In default con scarse prospettive di ripresa		CD	RD	RD
In default		SD		SD
	C	D	D	D	D
			DD	DD
			DDD	DDD
Non classificato.	NR	NR	NR	NR	NR

FAQ

What is Canada’s current credit rating?

Canada’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 Canada’s credit risk.

Has Canada’s credit rating changed recently?

This page lists the latest rating and outlook actions for Canada, showing when each agency last reviewed or changed its assessment.

Why does Canada’s credit rating matter to investors?

Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Canada's bond yields, currency, and equity flows as investors reassess risk.

How does Canada’s rating compare to other countries?

You can explore how Canada ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.

What do outlooks like Positive, Stable, and Negative mean?

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

What is the difference between investment grade and speculative grade?

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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