Seychelles Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
NR | NR | BB Stable | NR | NR |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Sep 05, 2025 | Fitch | BB- | Positive | BB | Stable | |
| Mar 15, 2024 | Fitch | B+ | Positive | BB- | Positive | |
| May 13, 2022 | Fitch | B+ | Stable | B+ | Positive | |
| Nov 19, 2021 | Fitch | B | Stable | B+ | Stable | |
| Dec 18, 2020 | Fitch | B+ | Stable | B | Stable | |
| May 06, 2020 | Fitch | BB | Stable | B+ | Stable | |
| Jun 21, 2019 | Fitch | BB- | Stable | BB | Stable | |
| Jul 31, 2015 | Fitch | B+ | Stable | BB- | Stable | |
| Aug 08, 2014 | Fitch | B | Positive | B+ | Stable | |
| Jan 30, 2013 | Fitch | B | Stable | B | Positive | |
| Feb 03, 2011 | Fitch | B- | Positive | B | Stable | |
| Feb 01, 2010 | Fitch | NR | B- | Positive |
Table Key
| Grade | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-investment Grade Speculative | 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 | |||
In Default with Little Prospect for Recovery | CD | RD | RD | ||
In Default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Not Rated | NR | NR | NR | NR | NR |
FAQ
What is Seychelles’s current credit rating?
Seychelles’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 Seychelles’s credit risk.
Has Seychelles’s credit rating changed recently?
This page lists the latest rating and outlook actions for Seychelles, showing when each agency last reviewed or changed its assessment.
Why does Seychelles’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Seychelles's bond yields, currency, and equity flows as investors reassess risk.
How does Seychelles’s rating compare to other countries?
You can explore how Seychelles 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.
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