Congo Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
B3 Stable | B- Positive | CCC — | NR | NR |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Jan 23, 2026 | S&P | CCC+ | Stable | B- | Positive | |
| Nov 11, 2022 | Moody's | Caa1 | Stable | B3 | Stable | |
| Sep 04, 2020 | S&P | CCC+ | Stable | CCC+ | Stable | |
| Jul 31, 2020 | S&P | B- | Negative | CCC+ | Stable | |
| Apr 08, 2020 | S&P | CCC+ | Positive | B- | Negative | |
| Aug 02, 2019 | S&P | B- | Stable | CCC+ | Positive | |
| Jun 18, 2019 | Moody's | Caa2 | Stable | Caa1 | Stable | |
| Mar 27, 2019 | Fitch | CC | — | CCC | — | |
| Oct 12, 2018 | Moody's | B3 | Negative | Caa2 | Stable | |
| Sep 21, 2018 | S&P | CCC+ | Stable | B- | Stable | |
| Dec 08, 2017 | Moody's | Caa2 | Negative | B3 | Negative | |
| Sep 06, 2017 | Fitch | CCC | — | CC | — | |
| Sep 05, 2017 | S&P | CCC+ | Stable | CCC+ | Stable | |
| Aug 04, 2017 | S&P | CCC | Negative Watch | CCC+ | Stable | |
| Jul 28, 2017 | Moody's | B3 | Negative | Caa2 | Negative | |
| Jul 07, 2017 | S&P | B- | Stable | CCC | Negative Watch | |
| Oct 04, 2016 | Moody's | B3 | Negative Watch | B3 | Negative | |
| Aug 11, 2016 | Fitch | RD | — | CCC | — | |
| Aug 09, 2016 | S&P | SD | — | B- | Stable | |
| Aug 03, 2016 | Fitch | C | — | RD | — |
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 Congo’s current credit rating?
Congo’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 Congo’s credit risk.
Has Congo’s credit rating changed recently?
This page lists the latest rating and outlook actions for Congo, showing when each agency last reviewed or changed its assessment.
Why does Congo’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Congo's bond yields, currency, and equity flows as investors reassess risk.
How does Congo’s rating compare to other countries?
You can explore how Congo 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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