Rwanda Credit Ratings & Outlooks

Paese
Moody's
S&P
Fitch
DBRS
Scope Ratings
Rwanda
B2
Negative
B+
Stable
B+
Negative
NR
NR

Storico del rating sul credito

Paese
Date of Change
Agenzie di rating
Rating precedente
Outlook precedente
Rating attuale
Current Outlook
Rwanda
apr 04, 2025FitchB+StableB+Negative
Rwanda
mar 26, 2025Moody'sB2NegativeB2Negative
Rwanda
ott 06, 2023FitchB+NegativeB+Stable
Rwanda
gen 27, 2023S&PB+NegativeB+Stable
Rwanda
lug 21, 2021FitchB+StableB+Negative
Rwanda
ott 13, 2020Moody'sB2StableB2Negative
Rwanda
ago 07, 2020S&PB+StableB+Negative
Rwanda
ago 09, 2019S&PBPositiveB+Stable
Rwanda
ago 10, 2018S&PBStableBPositive
Rwanda
set 09, 2016S&PB+NegativeBStable
Rwanda
ago 12, 2016Moody'sNRB2Stable
Rwanda
mar 11, 2016S&PB+StableB+Negative
Rwanda
mar 13, 2015S&PBPositiveB+Stable
Rwanda
set 12, 2014S&PBStableBPositive
Rwanda
lug 25, 2014FitchBPositiveB+Stable
Rwanda
ago 15, 2013FitchBStableBPositive
Rwanda
ott 29, 2012S&PBPositiveBStable
Rwanda
dic 29, 2011S&PNRBPositive
Rwanda
ago 24, 2010FitchB-PositiveBStable
Rwanda
dic 16, 2006FitchNRB-Positive

Legenda della tabella

VotoMoody'sS&PFitchDBRSScope 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
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
Rwanda’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 Rwanda’s credit risk.
This page lists the latest rating and outlook actions for Rwanda, showing when each agency last reviewed or changed its assessment.
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Rwanda's bond yields, currency, and equity flows as investors reassess risk.
You can explore how Rwanda ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
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
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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