Belgium's Rating
| RATING AGENCY | CURRENT RATING | EXPECTED DATE OF THE NEXT REVIEW |
|---|---|---|
| Fitch Ratings | A+ confirmed, outlook stable (13.06.2025) | 22.05.2026 |
| Standard & Poors | AA confirmed, outlook negative (24.10.2025) | 24.04.2026 |
| Moody's | Aa3 confirmed, outlook negative (10.10.2025) | 17.04.2026 |
| DBRS | AA confirmed, stable trend (23.01.2026) | 24.07.2026 |
| SCOPE | AA- confirmed, negative outlook (04.07.2025) | 2026 |
| Japanese Credit Rating Agency | AAA confirmed, outlook stable (02.10.2025) | 2026 |
| Rating and Investment Information, Inc. | AA+ confirmed, outlook stable (26.02.2024) | |
| Creditreform | AA confirmed, outlook negative (17.05.2024) |
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 | |||
