Federal Government

Belgium's Rating

RATING AGENCY CURRENT RATING EXPECTED DATE OF THE NEXT REVIEW
Fitch Ratings AA- confirmed, outlook negative (07.02.2025) 13.06.2025
Standard & Poors AA confirmed, outlook stable (25.10.2024) 25.04.2025
Moody's Aa3 confirmed, outlook negative (11.10.2024) 11.04.2025
DBRS AA confirmed, stable trend (24.01.2025) 25.07.2025
SCOPE AA- confirmed, negative outlook (24.01.2025) 04.07.2025
Japanese Credit Rating Agency AAA confirmed, outlook stable (05.07.2024) 2025
Rating and Investment Information, Inc. AA+ confirmed, outlook stable (26.02.2024) 2025
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