Federal Government

Belgium's Rating

RATING AGENCY CURRENT RATING EXPECTED DATE OF THE NEXT REVIEW
Fitch Ratings AA- confirmed, outlook negative (16.08.2024) 02.2025
Standard & Poors AA confirmed, outlook stable (25.10.2024) 2025
Moody's Aa3 confirmed, outlook negative (11.10.2024)  
DBRS AA confirmed, stable trend (26.07.2024) 2025
Japanese Credit Rating Agency AAA confirmed, outlook stable (02.06.2023)  
Rating and Investment Information, Inc. AA+ confirmed, outlook stable (26.02.2024)  
Creditreform AA confirmed, outlook negative (17.05.2024) 2025

All our instruments are Senior pari passu.

 

Main rating agencies comparison

Standard & Poors Moody's Fitch Ratings  
Long term Short term Long term Short term Long term Short term  
AAA A-1+ AAA P-1 AAA F1+ Optimal security
AA+   AA1   AA+   Very high credit quality to good credit quality
AA   AA2   AA  
AA-   AA3   AA-  
A+ A-1 A1   A+ F1
A   A2   A  
A- A-2 A3 P-2 A- F2
BBB+   BAA1   BBB+  
BBB+ A-3 BAA2 P-3 BBB F3
BBB-   BAA3   BBB-  
BB+ B BA1 NOT BB+ B Speculative
BB   BA2 PRIME BB  
BB-   BA3   BB-  
B+   B1   B+  
B   B2   B  
B-   B3   B-  
CCC+ C CAA       Extremely speculative
CCC+   CA   CCC C
CCC-   C      
D   /   D   Default