Fiji Credit Ratings & Outlooks

Country	Moody's	S&P	Fitch	DBRS	Scope Ratings
Fiji	B1 Negative	B+ Stable	NR	NR	NR

Credit Rating History

Country	Date of Change	Rating Agency	Previous Rating	Previous Outlook	Current Rating	Current Outlook
Fiji	Sep 22, 2021	S&P	BB-	Negative	B+	Stable
Fiji	Apr 20, 2021	Moody's	Ba3	Negative	B1	Negative
Fiji	Jun 29, 2020	Moody's	Ba3	Stable	Ba3	Negative
Fiji	Jun 18, 2020	S&P	BB-	Stable	BB-	Negative
Fiji	Aug 22, 2019	S&P	B+	Stable	BB-	Stable
Fiji	Sep 06, 2017	Moody's	B1	Positive	Ba3	Stable
Fiji	Jun 05, 2016	Moody's	B1	Stable	B1	Positive
Fiji	May 01, 2015	S&P	B	Positive	B+	Stable
Fiji	Apr 24, 2014	S&P	B	Stable	B	Positive
Fiji	Feb 13, 2013	Moody's	B1	Negative	B1	Stable
Fiji	Aug 04, 2011	S&P	B-	Positive	B	Stable
Fiji	Feb 18, 2011	S&P	B-	Stable	B-	Positive
Fiji	Dec 15, 2009	S&P	B-	Negative	B-	Stable
Fiji	Apr 22, 2009	Moody's	Ba2	Negative Watch	B1	Negative
Fiji	Apr 15, 2009	S&P	B	Negative	B-	Negative
Fiji	Feb 26, 2009	S&P	B	Stable	B	Negative
Fiji	Feb 18, 2009	Moody's	Ba2	Negative	Ba2	Negative Watch
Fiji	Nov 12, 2007	S&P	B	Negative	B	Stable
Fiji	Mar 15, 2007	S&P	B+	Negative Watch	B	Negative
Fiji	Dec 06, 2006	Moody's	Ba2	Stable	Ba2	Negative

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
Extremely Speculative Grade			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 Fiji’s current credit rating?

Fiji’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 Fiji’s credit risk.

Has Fiji’s credit rating changed recently?

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

Why does Fiji’s credit rating matter to investors?

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

How does Fiji’s rating compare to other countries?

You can explore how Fiji 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.