Dominican Republic Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Ba3 Positive | BB Stable | BB- Positive | NR | NR |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Nov 29, 2023 | Fitch | BB- | Stable | BB- | Positive | |
| Aug 10, 2023 | Moody's | Ba3 | Stable | Ba3 | Positive | |
| Dec 19, 2022 | S&P | BB- | Stable | BB | Stable | |
| Dec 08, 2021 | Fitch | BB- | Negative | BB- | Stable | |
| Dec 02, 2021 | S&P | BB- | Negative | BB- | Stable | |
| May 08, 2020 | Fitch | BB- | Stable | BB- | Negative | |
| Apr 16, 2020 | S&P | BB- | Stable | BB- | Negative | |
| Jul 20, 2017 | Moody's | B1 | Positive | Ba3 | Stable | |
| Nov 18, 2016 | Fitch | B+ | Positive | BB- | Stable | |
| Jun 30, 2016 | Moody's | B1 | Stable | B1 | Positive | |
| Dec 01, 2015 | Fitch | B+ | Stable | B+ | Positive | |
| May 20, 2015 | S&P | B+ | Stable | BB- | Stable | |
| Nov 21, 2014 | Fitch | B | Stable | B+ | Stable | |
| Dec 11, 2012 | Fitch | B | Positive | B | Stable | |
| Jun 13, 2011 | S&P | NR | B+ | Stable | ||
| Jan 05, 2011 | Fitch | B | Stable | B | Positive | |
| Apr 22, 2010 | Moody's | B2 | Stable | B1 | Stable | |
| Sep 25, 2008 | Fitch | B | Positive | B | Stable | |
| May 02, 2007 | Moody's | B3 | Under Review | B2 | Stable | |
| Oct 18, 2006 | Moody's | B3 | Stable | B3 | Under Review |
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 Dominican Republic’s current credit rating?
Dominican Republic’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 Dominican Republic’s credit risk.
Has Dominican Republic’s credit rating changed recently?
This page lists the latest rating and outlook actions for Dominican Republic, showing when each agency last reviewed or changed its assessment.
Why does Dominican Republic’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Dominican Republic's bond yields, currency, and equity flows as investors reassess risk.
How does Dominican Republic’s rating compare to other countries?
You can explore how Dominican Republic 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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