Zambia Credit Ratings & Outlooks
País | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Caa2 Stable | CCC+ Stable | B- Stable | NR | NR |
Historia del Rating Crediticio.
País | Date of Change | Agencia de Rating | Rating Anterior | Pronóstico Anterior | Rating Actual | Current Outlook |
|---|---|---|---|---|---|---|
| nov. 28, 2025 | Fitch | RD | — | B- | Stable | |
| nov. 21, 2025 | S&P | SD | — | CCC+ | Stable | |
| jun. 14, 2024 | Moody's | Ca | Stable | Caa2 | Stable | |
| nov. 18, 2020 | Fitch | C | — | RD | — | |
| oct. 21, 2020 | S&P | CCC- | Negative | SD | — | |
| sep. 25, 2020 | S&P | CCC | Negative | CCC- | Negative | |
| sep. 24, 2020 | Fitch | CC | — | C | — | |
| abr. 16, 2020 | Fitch | CCC | Negative | CC | — | |
| abr. 03, 2020 | Moody's | Caa2 | Negative | Ca | Stable | |
| feb. 21, 2020 | S&P | CCC+ | Stable | CCC | Negative | |
| ago. 23, 2019 | S&P | B- | Negative | CCC+ | Stable | |
| jun. 27, 2019 | Fitch | B- | Negative | CCC | Negative | |
| may. 23, 2019 | Moody's | Caa1 | Stable | Caa2 | Negative | |
| feb. 22, 2019 | S&P | B- | Stable | B- | Negative | |
| oct. 11, 2018 | Fitch | B | Negative | B- | Negative | |
| ago. 24, 2018 | S&P | B | Stable | B- | Stable | |
| jul. 27, 2018 | Moody's | B3 | Stable | Caa1 | Stable | |
| ene. 26, 2018 | Moody's | B3 | Negative | B3 | Stable | |
| ago. 25, 2017 | S&P | B | Negative | B | Stable | |
| abr. 19, 2016 | Moody's | B2 | Stable | B3 | Negative |
Tabla de Claves
| Grado | Moody's | S&P | Fitch | DBRS | Scope 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
What is Zambia’s current credit rating?
Zambia’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 Zambia’s credit risk.
Has Zambia’s credit rating changed recently?
This page lists the latest rating and outlook actions for Zambia, showing when each agency last reviewed or changed its assessment.
Why does Zambia’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Zambia's bond yields, currency, and equity flows as investors reassess risk.
How does Zambia’s rating compare to other countries?
You can explore how Zambia 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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