Rwanda Credit Ratings & Outlooks

Pays
Moody's
S&P
Fitch
DBRS
Scope Ratings
Rwanda
B2
Negative
B+
Stable
B+
Negative
NR
NR

Historique des cotes de crédit

Pays
Date of Change
Agence de notation
Cote précédente
Outlook précédent
Cote actuelle
Current Outlook
Rwanda
avr. 04, 2025FitchB+StableB+Negative
Rwanda
mars 26, 2025Moody'sB2NegativeB2Negative
Rwanda
oct. 06, 2023FitchB+NegativeB+Stable
Rwanda
janv. 27, 2023S&PB+NegativeB+Stable
Rwanda
juil. 21, 2021FitchB+StableB+Negative
Rwanda
oct. 13, 2020Moody'sB2StableB2Negative
Rwanda
août 07, 2020S&PB+StableB+Negative
Rwanda
août 09, 2019S&PBPositiveB+Stable
Rwanda
août 10, 2018S&PBStableBPositive
Rwanda
sept. 09, 2016S&PB+NegativeBStable
Rwanda
août 12, 2016Moody'sNRB2Stable
Rwanda
mars 11, 2016S&PB+StableB+Negative
Rwanda
mars 13, 2015S&PBPositiveB+Stable
Rwanda
sept. 12, 2014S&PBStableBPositive
Rwanda
juil. 25, 2014FitchBPositiveB+Stable
Rwanda
août 15, 2013FitchBStableBPositive
Rwanda
oct. 29, 2012S&PBPositiveBStable
Rwanda
déc. 29, 2011S&PNRBPositive
Rwanda
août 24, 2010FitchB-PositiveBStable
Rwanda
déc. 16, 2006FitchNRB-Positive

Clé de table

ClasseMoody'sS&PFitchDBRSScope 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
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
Rwanda’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 Rwanda’s credit risk.
This page lists the latest rating and outlook actions for Rwanda, showing when each agency last reviewed or changed its assessment.
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Rwanda's bond yields, currency, and equity flows as investors reassess risk.
You can explore how Rwanda ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
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
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.
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