Brasil Credit Ratings & Outlooks

País
Moody's
S&P
Fitch
DBRS
Scope Ratings
Brasil
Ba1
Stable
BB
Stable
BB
Stable
BB
Stable
NR

Historia del Rating Crediticio.

País
Date of Change
Agencia de Rating
Rating Anterior
Pronóstico Anterior
Rating Actual
Current Outlook
Brasil
may. 30, 2025Moody'sBa1PositiveBa1Stable
Brasil
oct. 01, 2024Moody'sBa2PositiveBa1Positive
Brasil
may. 01, 2024Moody'sBa2StableBa2Positive
Brasil
dic. 19, 2023S&PBB-PositiveBBStable
Brasil
jul. 28, 2023DBRSBB (low)StableBBStable
Brasil
jul. 26, 2023FitchBB-StableBBStable
Brasil
jun. 14, 2023S&PBB-StableBB-Positive
Brasil
jul. 15, 2022FitchBB-NegativeBB-Stable
Brasil
may. 05, 2020FitchBB-StableBB-Negative
Brasil
abr. 06, 2020S&PBB-PositiveBB-Stable
Brasil
dic. 11, 2019S&PBB-StableBB-Positive
Brasil
abr. 09, 2018Moody'sBa2NegativeBa2Stable
Brasil
mar. 16, 2018DBRSBBNegativeBB (low)Stable
Brasil
feb. 23, 2018FitchBBNegativeBB-Stable
Brasil
ene. 11, 2018S&PBBNegativeBB-Stable
Brasil
ago. 15, 2017S&PBBNegative WatchBBNegative
Brasil
may. 26, 2017Moody'sBa2StableBa2Negative
Brasil
may. 22, 2017S&PBBNegativeBBNegative Watch
Brasil
mar. 15, 2017Moody'sBa2NegativeBa2Stable
Brasil
ago. 01, 2016DBRSBB (high)NegativeBBNegative

Tabla de Claves

GradoMoody'sS&PFitchDBRSScope Ratings
Principal
Aaa
AAA
AAA
AAA
AAA
Grado Alto
Aa1
AA+
AA+
AA (high)
AA+
Aa2
AA
AA
AA
AA
Aa3
AA-
AA-
AA (low)
AA-
Grado Medio Superior
A1
A+
A+
A (high)
A+
A2
A
A
A
A
A3
A-
A-
A (low)
A-
Grado Medio Inferior
Baa1
BBB+
BBB+
BBB (high)
BBB+
Baa2
BBB
BBB
BBB
BBB
Baa3
BBB-
BBB-
BBB (low)
BBB-
Grado de No Inversión Especulativo
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
En Impago con Pocas Perspectivas de Recuperación
CD
RD
RD
En Impago
SD
SD
C
D
D
D
D
DD
DD
DDD
DDD
No Calificado.
NR
NR
NR
NR
NR
Preguntas frecuentes
Brasil’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 Brasil’s credit risk.
This page lists the latest rating and outlook actions for Brasil, showing when each agency last reviewed or changed its assessment.
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Brasil's bond yields, currency, and equity flows as investors reassess risk.
You can explore how Brasil 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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