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OECD Country Risk Category
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OECD Buyer Risk CategoriesOECDSOV+¹SOV+SOV+SOV+SOV+SOV+SOV+
OECDSOV/CC0SOV/CC0SOV/CC0SOV/CC0SOV/CC0SOV/CC0SOV/CC0
CRA ScaleAAAA+BBB+BB+BB-B+B
OECDCC1²CC1CC1CC1CC1CC1CC1
S&P/Fitch IBCAAAA to AA-A+ to A-BBB+ to BBB-BB+ to BBBB-B+B
Moody'sAaa to Aa3A1 to A3Baa1 to Baa3Ba1 to Ba2Ba3B1B2
OECDCC2CC2CC2CC2CC2CC2CC2
S&P/Fitch IBCAA+ to A-BBB+ to BBB-BB+ to BBBB-B+BB- or worse
Moody'sA1 to A3Baa1 to Baa3Ba1 to Ba2Ba3B1B2B3 or worse
OECDCC3CC3CC3CC3CC3CC3 
S&P/Fitch IBCABBB+ to BBB-BB+ to BBBB-B+BB- or worse
Moody'sBaa1 to Baa3Ba1 to Ba2Ba3B1B2B3 or worse
OECDCC4CC4CC4CC4CC4 
S&P/Fitch IBCABB+ to BBBB-B+BB- or worse
Moody'sBa1 to Ba2Ba3B1B2B3 or worse
OECDCC5CC5CC5CC5 
S&P/Fitch IBCABB- or worseB+ or worseB or worseB- or worse
Moody'sBa3 or worseB1 or worseB2 or worseB3 or worse