In this article, we are going to discuss the 5 countries with best Moody’s credit rating for sovereign bonds. You can read our detailed discussion and a more comprehensive list by visiting the 12 Countries With Best Moody’s Credit Rating For Sovereign Bonds.
5. Switzerland
Moody’s Credit Rating: AAA
Moody’s Credit Rating Outlook (February 2023): Stable
GDP (2024): $816.46 Billion
Switzerland ranks fifth among the countries with best Moody’s credit rating for sovereign bonds. Switzerland has an expected real GDP growth rate of 1.3% in 2024 and also has one of the lowest gross debt against GDP of 36%. Moody’s gave a stable credit outlook for Switzerland in February 2023, while Fitch also held a stable outlook, as of April 2024.
4. Netherlands
Moody’s Credit Rating: AAA
Moody’s Credit Rating Outlook (February 2023): Stable
GDP (2024): $1.33 Trillion
The Netherlands is one of the few European countries with GDP (PPP) over $1 trillion. Due to slow economic output across the continent, the Netherlands is expected to have a relatively slow growth rate of 0.6% in 2024. The Dutch country has a 47% gross debt against its GDP, as of 2024.
3. Australia
Moody’s Credit Rating: AAA
Moody’s Credit Rating Outlook (June 2022): Stable
GDP (2024): $1.79 Trillion
Australia’s economy is expected to have a real GDP growth of 1.5% in 2024 and has almost 49% debt against its GDP. With a stable credit rating, Australia ranks third among the countries with best Moody’s credit rating for sovereign bonds.
2. Canada
Moody’s Credit Rating: AAA
Moody’s Credit Rating Outlook (May 2024): Stable
GDP (2024): $2.47 Trillion
Canada is one of the largest economies in the world with a GDP (PPP) of almost $2.50 trillion. Canada has a gross debt to GDP of nearly 105%, as of 2024. The North American country is expected to grow at 1.2% in 2024 and ranks second among the countries with best Moody’s credit rating for sovereign bonds.
1. Germany
Moody’s Credit Rating: AAA
Moody’s Credit Rating Outlook (February 2023): Stable
GDP (2024): $5.69 Trillion
With a GDP (PPP) of $5.69 trillion, Germany ranks first among the countries with best Moody’s credit rating for sovereign bonds. Moody’s gave a stable credit outlook for Germany in February 2023, while Fitch also held a stable outlook, as of March 2024. Germany has a gross debt to GDP of almost 64%, as of 2024.
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