Paraguay Credit Ratings & Outlooks

Pays	Moody's	S&P	Fitch	DBRS	Scope Ratings
Paraguay	Ba1 Positive	BBB- Stable	BB+ Positive	NR	NR

Historique des cotes de crédit

Pays	Date of Change	Agence de notation	Cote précédente	Outlook précédent	Cote actuelle	Current Outlook
Paraguay	déc. 17, 2025	S&P	BB+	Positive	BBB-	Stable
Paraguay	oct. 06, 2025	Fitch	BB+	Stable	BB+	Positive
Paraguay	janv. 08, 2025	S&P	BB+	Stable	BB+	Positive
Paraguay	févr. 01, 2024	S&P	BB	Stable	BB+	Stable
Paraguay	juil. 22, 2022	Moody's	Ba1	Stable	Ba1	Positive
Paraguay	déc. 11, 2018	Fitch	BB	Positive	BB+	Stable
Paraguay	déc. 14, 2017	Fitch	BB	Stable	BB	Positive
Paraguay	juin 15, 2016	S&P	BB	Positive	BB	Stable
Paraguay	juin 16, 2015	S&P	BB	Stable	BB	Positive
Paraguay	mars 20, 2015	Moody's	Ba2	Positive	Ba1	Stable
Paraguay	janv. 29, 2015	Fitch	BB-	Positive	BB	Stable
Paraguay	juin 11, 2014	S&P	BB-	Stable	BB	Stable
Paraguay	févr. 04, 2014	Moody's	Ba3	Stable	Ba2	Positive
Paraguay	janv. 31, 2014	Fitch	BB-	Stable	BB-	Positive
Paraguay	janv. 10, 2013	Fitch	NR		BB-	Stable
Paraguay	janv. 08, 2013	Moody's	B1	Stable	Ba3	Stable
Paraguay	août 29, 2012	S&P	BB-	Negative Watch	BB-	Stable
Paraguay	juin 25, 2012	S&P	BB-	Stable	BB-	Negative Watch
Paraguay	août 30, 2011	S&P	B+	Positive	BB-	Stable
Paraguay	déc. 02, 2010	Moody's	B3	Positive Watch	B1	Stable

Clé de table

Classe	Moody's	S&P	Fitch	DBRS	Scope Ratings
Taux préférentiel	Aaa	AAA	AAA	AAA	AAA
Haute Qualité	Aa1	AA+	AA+	AA (high)	AA+
	Aa2	AA	AA	AA	AA
	Aa3	AA-	AA-	AA (low)	AA-
Grade moyen supérieur	A1	A+	A+	A (high)	A+
	A2	A	A	A	A
	A3	A-	A-	A (low)	A-
Inférieure Moyenne	Baa1	BBB+	BBB+	BBB (high)	BBB+
	Baa2	BBB	BBB	BBB	BBB
	Baa3	BBB-	BBB-	BBB (low)	BBB-
De qualité inférieure spéculatif	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
Extremely Speculative Grade			C	CCC	C
En défaut avec peu de perspectives de reprise		CD	RD	RD
En défaut		SD		SD
	C	D	D	D	D
			DD	DD
			DDD	DDD
Non évalué	NR	NR	NR	NR	NR

FAQ

What is Paraguay’s current credit rating?

Paraguay’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 Paraguay’s credit risk.

Has Paraguay’s credit rating changed recently?

This page lists the latest rating and outlook actions for Paraguay, showing when each agency last reviewed or changed its assessment.

Why does Paraguay’s credit rating matter to investors?

Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Paraguay's bond yields, currency, and equity flows as investors reassess risk.

How does Paraguay’s rating compare to other countries?

You can explore how Paraguay 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.