Brazil Credit Rating trends, research and data
This page includes the government debt credit rating and outlook of the Brazil as reported by the credit rating agencies of S&P, Moody’s and Fitch. Credit rating agencies are often slow to respond to rising risk conditions. Sign up free to monitor Brazil risk using MacroVar Advanced Financial & Macroeconomic data analytics.
| Date | Rating | Outlook | Indicator |
|---|---|---|---|
| 19-12-23 | BB (Stable) | Brazil Credit Rating (S&P) | |
| 14-06-23 | BB- (Positive) | Brazil Credit Rating (S&P) | |
| 12-04-22 | Ba2 (Stable) | Ba2 | Brazil Credit Rating (Moody's) |
| 15-05-20 | Ba2 (Stable) | Ba2 | Brazil Credit Rating (Moody's) |
| 05-05-20 | BB- | BB- | Brazil Credit Rating (Fitch) |
| 06-04-20 | (Stable) | Brazil Credit Rating (S&P) | |
| 11-12-19 | (Positive) | Brazil Credit Rating (S&P) | |
| 14-11-19 | BB- | BB- | Brazil Credit Rating (Fitch) |
| 21-05-19 | BB- | BB- | Brazil Credit Rating (Fitch) |
| 01-08-18 | BB- (Stable) | BB- | Brazil Credit Rating (Fitch) |
| 09-04-18 | Ba2 (Stable) | Ba2 | Brazil Credit Rating (Moody's) |
| 23-02-18 | BB- (Stable) | BB- | Brazil Credit Rating (Fitch) |
| 11-01-18 | BB- (Stable) | BB- | Brazil Credit Rating (S&P) |
| 10-11-17 | BB (Negative) | BB | Brazil Credit Rating (Fitch) |
| 15-08-17 | (Negative) | Brazil Credit Rating (S&P) | |
| 26-05-17 | Ba2 (Negative) | Ba2 | Brazil Credit Rating (Moody's) |
| 19-05-17 | BB (Negative) | BB | Brazil Credit Rating (Fitch) |
| 15-03-17 | Ba2 (Stable) | Ba2 | Brazil Credit Rating (Moody's) |
| 11-11-16 | BB (Negative) | BB | Brazil Credit Rating (Fitch) |
| 22-07-16 | BB (Negative) | BB | Brazil Credit Rating (Fitch) |
| 05-05-16 | BB (Negative) | BB | Brazil Credit Rating (Fitch) |
| 24-02-16 | Ba2 (Negative) | Ba2 | Brazil Credit Rating (Moody's) |
| 17-02-16 | BB (Negative) | BB | Brazil Credit Rating (S&P) |
| 16-12-15 | BB+ (Negative) | BB+ | Brazil Credit Rating (Fitch) |
| 09-12-15 | Baa3 (Under Review) | Baa3 | Brazil Credit Rating (Moody's) |
Brazil Credit Rating Analysis
The credit rating signal from each credit rating agency for the sovereign debt of the Brazil and it’s meaning is presented in the table below.
| S&P | Moody’s | Fitch | Analysis |
| AAA | Aaa | AAA | Prime |
| AA+ | Aa1 | AA+ | High grade |
| AA | Aa2 | AA | |
| AA- | Aa3 | AA- | |
| A+ | A1 | A+ | Upper medium grade |
| A | A2 | A | |
| A- | A3 | A- | |
| BBB+ | Baa1 | BBB+ | Lower medium grade |
| BBB | Baa2 | BBB | |
| BBB- | Baa3 | BBB- | |
| BB+ | Ba1 | BB+ | Non-investment grade speculative |
| BB | Ba2 | BB | |
| BB- | Ba3 | BB- | |
| B+ | B1 | B+ | Highly speculative |
| B | B2 | B | |
| B- | B3 | B- | |
| CCC+ | Caa1 | CCC | Extremely speculative |
| CCC | Caa2 | ||
| CCC- | Caa3 | In Default with small probability of recovery | |
| CC | Ca | ||
| C | C | ||
| D | / | DDD | In default |