New Developments: Sovereign Credit Ratings Sovereign Credit Ratings
Sovereign Credit Ratings

August 20, 2014
Standard & Poor's Upgrades Ecuador’s Long-Term Sovereign Credit Rating from B to B+.

August 8, 2014
Moody’s Upgrades Angola’s Government Bond Rating from Ba3 to Ba2. 

July 31, 2014
Fitch Downgrades Argentina’s Foreign Currency Issuer Default Rating from CC to RD (Restricted Default).

Moody’s Changes Argentina’s Outlook to Negative. 

July 30, 2014
Standard & Poor's Downgrades Argentina's Long-Term Foreign Currency Sovereign Credit Rating from CCC- to SD (Select Default). 

July 29, 2014
Moody’s Upgrades Vietnam’s Government Bond Rating from B2 to B1.

July 28, 2014
Moody’s Upgrades Colombia’s Government Bond Rating from Baa3 to Baa2.

July 25, 2014
Fitch Upgrades Rwanda’s Long-Term Foreign Currency Issuer Default Ratings from B to B+. 

July 17, 2014
Moody's Downgrades Mongolia's Foreign-Currency Government Bond Rating from B1 to B2.

July 8, 2014
Moody's Assigns Cote d'Ivoire a Foreign-Currency Issuer Rating of B1. 

July 2, 2014
Moody's Places Argentina's Caa2 Foreign-Legislation Debt on Review, Direction Uncertain.  

Moody's Upgrades Peru's Sovereign Rating from Baa2 to A3. 

June 27, 2014
Moody's Downgrades Ghana's Sovereign Rating from B1 to B2.

June 17, 2014
Standard & Poor's Downgrades Argentina’s Long-Term Foreign Currency Rating from CCC+ to CCC-.

June 13, 2014
Standard & Poor's Downgrades South Africa's Long-Term Foreign Currency Sovereign Credit Rating from BBB to BBB-.

Moody's Upgrades Latvia's Government Bond Rating from Baa2 to Baa1.

June 2, 2014
Moody's Downgrades Barbados' Government Bond Rating from Ba3 to B3 (three notches).


May 30, 2014
Standard & Poor's Upgrades Latvia's Long-Term Foreign-Currency Rating from BBB+ to A-.


May 29, 2014
Moody's Upgrades Uruguay's Government Bond Rating from Baa3 to Baa2.

May 19, 2014
Moody’s Downgrades Bermuda from Aa3 to A1.

May 16, 2014
Standard & Poor's Upgrades Romania's Long-Term Foreign Currency Sovereign Credit Rating from BBB to BBB- (Investment Grade).

May 8, 2014
Standard & Poor's Upgrades The Philippines' Long-Term Sovereign Credit Rating from BBB- to BBB.
 

April 24, 2014
Standard & Poor’s Downgrades Russia’s Long-Term Foreign Currency Sovereign Credit Rating from BBB to BBB-.

March 25, 2014
Fitch Downgrades Venezuela’s Long-term Foreign Currency Issuer Default Rating from B+ to B.

March 24, 2014
Standard & Poor's Downgrades Brazil's Long-Term Foreign Currency Sovereign Credit Rating from BBB to BBB-.

March 17, 2014
Moody's Downgrades Argentina's Government Bond Rating from B3 to Caa1.

February 27, 2014
Moody's Downgrades Honduras' Government Bond Rating from B3 to B2.

February 21, 2014
Standard & Poor's Downgrades Ukraine's Long-Term Foreign-Currency Sovereign Credit Rating from CCC+ to CCC.

February 5, 2014
Moody's Upgrades Mexico's Government Bond Rating from Baa1 to A3.

February 4, 2014
Moody's Upgrades Paraguay's Government Bond Rating from Ba3 to Ba2.

January 31, 2014
Moody’s Downgrades Ukraine’s Government Bond Rating from Caa1 to Caa2.

January 28, 2014
Standard & Poor's Downgrades Ukraine’s Long-Term Foreign Currency Sovereign Credit Rating from B- to CCC+.

January 24, 2014
Standard & Poor's Downgrades Croatia's Long-Term Foreign Currency Rating from BB+ to BB.

January 17, 2014
Fitch Downgrades Serbia’s Long-Term Foreign Currency Issuer Default Rating from BB- to B+.

December 19, 2013
Standard & Poor's Upgrades Mexico's Long-Term Foreign Currency Rating from BBB to BBB+.

December 13, 2013
Standard & Poor's Downgrades Venezuela’s Long-Term Foreign Currency Sovereign Credit Rating from B to B-.

December 10, 2013
Fitch Upgrades Colombia’s Long-Term Foreign Currency Issuer Default Rating from BBB- to BBB.

November 29, 2013
Standard & Poor's Upgrades Cyprus' Long-Term Foreign Currency Sovereign Credit Rating from CCC+ to B-.

November 15, 2013
Standard & Poor’s Upgrades Egypt’s Long-Term Foreign Currency Rating from CCC+ to B-.

November 8, 2013
Fitch Downgrades Ukraine’s Long-Term Foreign Currency Issuer Default Rating from B to B-.

November 1, 2013
Standard & Poor’s Lowers Ukraine’s Long-Term Foreign Currency Sovereign Credit Rating from B to B-.

October 23, 2013
Fitch Upgrades Peru’s Long-Term Foreign Currency Issuer Default Rating from BBB to BBB+.

October 17, 2013
Fitch Downgrades Ghana’s Long-Term Foreign Currency Issuer Default Rating from B+ to B.

September 20, 2013
Fitch Downgrades Croatia’s Long-Term Foreign Currency Issuer Default Rating from BBB- to BB+.

September 10, 2013
Standard & Poor’s Downgrades Argentina’s Long-Term Foreign Currency Sovereign Credit Rating from B- to CCC+.

August 19, 2013
Standard & Poor's Upgrades Peru’s Long-Term Foreign Currency Rating from BBB to BBB+.

August 16, 2013
Standard & Poor's Downgrades Tunisia's Long-Term Foreign Currency Sovereign Credit Rating from BB- to B. 

June 17, 2013
Standard & Poor's Downgrades Venezuela’s Long-Term Foreign Currency Sovereign Credit Rating from B+ to B.

May 20, 2013
Standard & Poor's Downgrades Jordan's Long-Term Foreign Currency Sovereign Credit Rating from BB to BB-.

May 9, 2013
Standard & Poor's Downgrades Egypt's Long-Term Sovereign Credit Rating from B- to CCC+.

May 2, 2013
Standard & Poor’s Upgrades its Sovereign Credit Rating on the Philippines from BB+ to BBB- (Investment Grade).

April 24, 2013
Standard & Poor's Upgrades Colombia’s Long-Term Foreign Currency Rating from BBB- to BBB.   

April 11, 2013
Standard & Poor’s Reaffirms Argentina’s Long-Term Sovereign Credit Rating of B-.

March 27, 2013
Fitch Upgrades The Philippines’ Long-Term Foreign Currency Issuer Default Rating from BB+ to BBB- (Investment Grade). 

Standard & Poor’s Upgrades Turkey’s Long-Term Foreign Currency Sovereign Credit Rating from BB to BB+. 

March 12, 2013
Standard & Poor’s Downgrades Grenada’s Foreign-Currency Sovereign Credit Rating from CCC+ to Select Default.

March 8, 2013
Fitch Upgrades Thailand’s Long-Term Foreign Currency Issuer Default Rating from BBB to BBB+ .

March 7, 2013
Fitch Upgrades Uruguay’s Long-Term Foreign Currency Issuer Default Rating from BB+ to BBB- (Investment Grade).

January 10, 2013
Fitch Downgrades South Africa’s Long-Term Foreign Currency Issuer Default Rating from BBB+ to BBB.

December 20, 2012
Standard & Poor's Downgrades Cyprus’s Long-Term Sovereign Credit Rating from B to CCC+. 

December 18, 2012
Standard & Poor's Upgrades its Long-Term Foreign Currency Sovereign Credit Rating on Greece from SD to B-.

December 14, 2012
Standard & Poor's Downgrades Croatia's Long-Term Sovereign Credit Rating from BBB- to BB+.

December 7, 2012
Standard & Poor’s Downgrades Ukraine’s Long-Term Foreign Currency Sovereign Credit Rating from B+ to B.

November 28, 2012
Fitch Downgrades Argentina’s Long-Term Foreign Currency Issuer Default Rating from B to CC.

November 23, 2012
Standard & Poor’s Downgrades Hungary’s Long-Term Foreign Currency Sovereign Credit Rating from BB+ to BB.

November 20, 2012
Fitch Upgrades Kazakhstan’s Long-Term Foreign Currency Issuer Default Rating from BBB to BBB+.

November 9, 2012
Standard & Poor’s Upgrades Latvia’s Long-Term Foreign Currency Rating from BBB- to BBB.

November 7, 2012
Standard & Poor’s Upgrades Nigeria’s Long-Term Foreign Currency Sovereign Credit Rating from B+ to BB-.

November 5, 2012
Fitch Upgrades Turkey’s Long-Term Foreign Currency Issuer Default Rating from BB+ to BBB- (Investment Grade).

October 16, 2012
Standard & Poor’s Raises Grenada’s Foreign Currency Ratings to CCC+/C.

October 8, 2012
Standard & Poor’s Lowers Grenada’s Foreign Currency Ratings to Selective Default.

September 13, 2012
Standard & Poor's Upgrades South Korea’s Long-Term Foreign Currency Rating from A to A+.

September 6, 2012
Fitch Upgrades South Korea’s Long-Term Foreign Currency Issuer Default Rating (IDR) from A+ to AA-. 

August 7, 2012
Standard & Poor's Downgrades Serbia's Long-Term Foreign Currency Sovereign Credit Rating from BB to BB-.

July 4, 2012
Standard & Poor's Upgrades The Philippines’ Long-Term Foreign Currency Sovereign Credit Rating from BB to BB+.   

July 2, 2012
Standard & Poor's Upgrades Panama's Long-Term Foreign Currency Sovereign Credit Rating from BBB- to BBB.  

June 15, 2012
Fitch Downgrades Egypt’s Long-Term Foreign Currency Issuer Default Rating from BB- to B+.

June 7, 2012
Standard & Poor's Upgrades Ecuador’s Long-Term Sovereign Rating from B- to B.

May 23, 2012
Standard & Poor’s Downgrades Tunisia’s Long-Term Foreign Currency Sovereign Credit Rating from BBB- to BB.

April 26, 2012
Standard & Poor’s Downgrades Spain’s Long-Term Sovereign Credit Rating  from A to BBB+.

April 3, 2012
Standard & Poor’s Upgrades Uruguay’s Long-Term Foreign Currency Sovereign Credit Rating from BB+ to BBB- (Investment Grade). 

March 13, 2012
Fitch Upgrades Greece’s Long-Term Foreign Currency Issuer Default Rating  from RD to B-.

March 2, 2012
Moody's Downgrades Greece's Foreign-Currency Bond Rating from Ca to C. 

March 1, 2012
Standard & Poor's Downgrades Its Long-Term Foreign Currency Sovereign Credit Rating on Belize from CCC+ to CCC-.

February 22, 2012
Fitch Downgrades Greece’s Long-Term Foreign Currency Issuer Default Rating from CCC to C.

February 17, 2012
Fitch Upgrades Iceland’s Long-Term Foreign Currency Issuer Default Rating  from BB+ to BBB-.

February 16, 2012
Moody's Downgrades Belize's Government Bond Rating from B3 to Caa1.

February 14, 2012
Moody's Downgrades Six European Sovereigns including Italy, Portugal, Slovakia, Slovenia and Spain.   

February 10, 2012
Standard & Poor’s Downgrades Egypt’s Long-Term Foreign Currency Sovereign Credit Rating from B+ to B.

February 6, 2012
Standard & Poor’s Downgrades Belize’s Long-Term Foreign Currency Sovereign Credit Rating from B- to CCC+. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 27, 2012
Fitch Downgrades the Long-Term Issuer Default Ratings of  Belgium, Cyprus, Ireland, Italy, Slovenia and Spain.

January 18, 2012
Moody's Upgrades Indonesia's Foreign-Currency Sovereign Credit Rating from Ba1 to Baa3.

January 16, 2012
Standard & Poor’s Downgrades the European Financial Stability Fund’s Long-Term Sovereign Credit Rating from AAA to AA+.

January 13, 2012
Standard & Poor's Downgrades the Long-Term Ratings on 9 EU Sovereigns (including downgrade of France from AAA to AA+).

January 6, 2012
Fitch Downgrades Hungary’s Long-Term Foreign Currency Issuer Default Rating from BBB- to BB+.

December 21, 2011
Moody's Downgrades Egypt's Government Bond Rating from B1 to B2.

Standard & Poor’s Downgrades Hungary’s Long-Term Sovereign Credit Rating from BBB- to BB+.

Moody's Downgrades Slovenia's Foreign-Currency Government Bond Rating from Aa3 to A1.

December 16, 2011
Moody's Downgrades Belgium's Foreign-Currency Government Bond Rating from Aa1 to Aa3.

December 15, 2011
Fitch Upgrades Indonesia's Long-Term Foreign Currency Issuer Default Rating from BB+ to BBB- (Investment Grade).

November 25, 2011
Standard & Poor’s Downgrades Belgium’s Long-Term Sovereign Credit Rating from AA+ to AA.

November 24, 2011
Fitch Downgrades Portugal’s Long-Term Foreign Currency Issuer Default Rating from BBB- to BB+.

Moody's Downgrades Hungary's Government Bond Rating from Baa3 to Ba1.

November 21, 2011
Fitch Upgrades Kazakhstan’s Long-Term Foreign Currency Issuer Default Rating  from BBB- to BBB.

November 17, 2011
Standard & Poor’s Upgrades Brazil’s Long-Term Foreign Currency Sovereign Credit Rating from BBB- to BBB.

November 10, 2011
Fitch Upgrades Peru’s Foreign-Currency Issuer Default Rating from BBB- to BBB.

November 7, 2011
Standard & Poor's Upgrades Kazakhstan's Long-Term Foreign-Currency Sovereign Credit Rating from BBB to BBB+.

November 4, 2011
Moody's Downgrades Cyprus's Government Bond Rating from Baa1 to Baa3.

October 27, 2011
Moodys's Downgrades Egypt's Government Bond Rating from Ba3 to B1.

October 18, 2011
Moody's Downgrades Spain's Government Bond Rating from Aa2 to A1.

Standard & Poor’s Downgrades Egypt’s Long-Term Foreign-Currency Sovereign Credit Rating from BB to BB-.

October 7, 2011
Fitch Downgrades Italy's Long-Term Foreign Currency Issuer Default Rating from AA- to A+.

Fitch Downgrades Spain's Long-Term Foreign Currency Issuer Default Rating from AA+ to AA-. 

October 4, 2011
Moodys Downgrades Italy's Government Bond Rating from Aa2 to A2.

September 26, 2011
Standard & Poor’s Downgrades Belarus’ Sovereign Credit Rating from B to B-.

September 23, 2011
Moodys Downgrades Slovenia's Foreign-Currency Government Bond Rating from Aa2 to Aa3.

September 19, 2011
Standard & Poor’ s Downgrades Italy’s  Long-Term Sovereign Credit Rating from A+ to A.

September 9, 2011
Standard & Poor’s Upgrades Israel’s Long-Term Foreign Currency Rating Sovereign Credit Rating from A to A+.

August 30, 2011
Standard & Poor's Raises Peru's Long-Term Foreign Currency Sovereign Credit Rating from BBB- to BBB.

August 24, 2011
Standard & Poor’s Upgrades Czech Republic’s Long-Term Foreign Currency Sovereign Credit Rating from A to AA-.

August 19, 2011
Standard & Poor’s Downgrades Venezuela’s Long-Term Foreign Currency Sovereign Default Rating from BB- to B+.

August 16, 2011
Fitch Affirms USA’s Long-Term Issuer Default Ratings at AAA.

August 10, 2011
Fitch Downgrades Cyprus’ Long-Term Foreign Currency Issuer Default Rating from A- to BBB.

August 9, 2011
Standard & Poor’s Upgrades Estonia’s Long-Term Sovereign Credit Rating from A to AA-. 

August 5, 2011
Standard & Poor's Downgrades USA's Long-Term Sovereign Credit Rating from AAA to AA+. 

August 2, 2011
Moody's Statement on USA AAA Rating. 

Fitch Comments on U.S. Debt Ceiling, Deficit Reduction Agreement & Sovereign Rating.  

July 27, 2011
Moody's Downgrades Cyprus's Government Bond Rating from A2 to Baa1. 

July 25, 2011
Moody's Downgrades Greece's Foreign Currency Government Bond Rating from Caa1 to Ca.   

Standard & Poor’s Upgrades Uruguay’s Foreign-Currency Sovereign Bond Rating from BB to BB+. 

July 22, 2011
Moody's Upgrades Bulgaria's Government Debt Ratings from Baa3 to Baa2. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 21, 2011
Moody's Downgrades Belarus' Foreign-Currency Government Bond Rating from B2 to B3.

July 18, 2011
Fitch Ratings Upgrades Sri Lanka's Long-Term Foreign Currency Issuer Default Rating from B+ to BB-.

July 14, 2011
Fitch Upgrades Uruguay’s Long-Term Foreign Currency Issuer Default Rating from BB to BB+.

July 13, 2011
Fitch Downgrades Greece’s Long-Term Foreign Currency Issuer Default Rating from B+ to CCC.

July 12, 2011
Moody's Downgrades Ireland's Foreign-Currency Government Bond Rating from Baa3 to Ba1.

July 5, 2011
Moody's Downgrades Portugal's Long-Term Government Bond Rating from Baa1 to Ba2.

July 4, 2011
"Debt Rollover Proposal Could Result in a Selective Default for Greece" Statement by Standard & Poor's.

Fitch Upgrades Romania’s Long-Term Foreign Currency Issuer Default Rating from BB+ to BBB- (Investment Grade).

June 22, 2011
Fitch Upgrades Colombia’s Foreign-Currency Issuer Default Rating to BBB- (Investment Grade) from BB+.

June 20, 2011
Moody’s Upgrades Brazil’s Government Bond Rating from Baa3 to Baa2.

June 13, 2011
Standard & Poor's Downgrades Greece’s Long-Term Sovereign Credit Rating from B to CCC.

Standard & Poor's Raises the Dominican Republic’s Foreign-Currency Sovereign Credit Rating from on the Dominican Republic from B to B+.

June 2, 2011
Fitch Upgrades Panama’s Issuer Default Rating from BBB- to BBB.

June 1, 2011
Moody's Downgrades Greece's Foreign-Currency Bond Rating from B1 to Caa1.

May 31, 2011
Moody's Upgrades Colombia's Foreign-Currency Bond Rating from Ba1 to Baa3 (Investment Grade).

May 26, 2011
Moody's Downgrades Bahrain's Government Bond Rating from A3 to Baa1.

May 20, 2011
Fitch Downgrades Greece's Long-Term Foreign Currency Issuer Default Rating from BB+ to B+.

May 9, 2011
Standard & Poor's Downgrades Greece's Long-Term Sovereign Credit Rating from BB- to B.

April 5, 2011
Moody's Downgrades Portugal's Long-Term Government Bond Rating from A3 to Baa1.

April 4, 2011
Fitch Upgrades Brazil’s Foreign-Currency Issuer Default Rating from BBB- to BBB.

March 29, 2011
Moody's Downgrades Belarus' Foreign-Currency Government Bond Rating from B1 to B2.

Standard & Poor’s Downgrades Greece’s Long-Term Sovereign Credit Rating from BB+ to BB-.

Standard & Poor’s Downgrades Portugal’s Long-Term Sovereign Credit Rating from BBB to BBB-.

March 24, 2011
Moody's Downgrades El Salvador's Government Bond Rating from Ba1 to Ba2.

Standard & Poor’s Downgrades Portugal’s Long-Term Sovereign Credit Rating from A- to BBB.

Fitch Downgrades Portugual’s Long-Term Foreign Currency Issuer Default Rating from A+ to A-.

March 18, 2011
Standard & Poor’s Downgrades Bahrain’s Long-Term Foreign Currency Sovereign Credit Rating from A- to BBB.

March 16, 2011
Standard & Poor’s Upgrades Colombia’s  Long-Term Foreign Currency Sovereign Credit Rating from BB+ to BBB- (Investment Grade).

Standard & Poor’s Downgrades Tunisia’s Long-Term Foreign Currency Sovereign Credit Rating from BBB to BBB-.

Standard & Poor’s Upgrades Serbia’s Long-Term Foreign Currency Sovereign Credit Rating from BB- to BB.

Moodys Downgrades Egypt's Foreign-Currency Government Bond Rating from Ba2 to Ba3.

March 15, 2011
Fitch Downgrades Bahrain’s Long-Term Foreign Currency Issuer Default Rating from A- to BBB.

Fitch Upgrades Latvia’s Long-Term Foreign Currency Issuer Default Rating  from BB+ to BBB- (Investment Grade).

Standard & Poor’s Downgrades Belarus’ Long-Term Foreign Currency Sovereign Credit Rating from B+ to B.

Moody's Downgrades Portugal's Long-Term Government Bond Rating from A1 to A3. 

March 10, 2011
Moody's Downgrades Spain's Government Bond Rating from Aa1 to Aa2.

March 7, 2011
Moody's Downgrades Greece's Government Bond Rating from Ba1 to B1 (Three Notches).

March 4, 2011
Fitch Upgrades Costa Rica Foreign-Currency Issuer Default Rating from BB to BB+.

March 2, 2011
Fitch Downgrades Tunisia’s Long-Term Foreign Currency Issuer Default Rating from BBB to BBB-.

February 24, 2011
Moody's Downgrades Cyprus's Government Bond Ratings from Aa3 to A2 (Two Notches).

February 4, 2011

Fitch Upgrades Costa Rica Foreign-Currency Issuer Default Rating from BB to BB+.

Standard & Poor’s Downgrades Egypt’s Long-Term Foreign Currency Sovereign Credit Rating  from BB+  to BB.

February 3, 2011
Fitch Downgrades Egypt's Long-Term Foreign Currency Issuer Default Rating from BB+ to BB.

February 1, 2011
Moody's Upgrades Ecuador's Government Bond Rating from Caa3 to Caa2.

January 31, 2011
Moody's Downgrades Egypt's Government Bond Rating from Ba1 to Ba2.

January 19, 2011
Moody's Downgrades Tunisia's Foreign Currency Government Bond Rating from Baa2 to Baa3.

January 17, 2011
Moody's Upgrades Indonesia's Foreign-Currency Sovereign Bond Rating from Ba2 to Ba1.

December 23, 2010
Fitch Downgrades Portugal’s Long-Term Foreign Currency Rating from AA- to A+.

Fitch Downgrades Hungary’s Long-Term Foreign Currency Issuer Rating from BBB to BBB-.

Standard & Poor’s Upgrades Kazakhstan’s Long-Term Foreign Currency Rating from BBB- to BBB.

December 17, 2010
Moody's Downgrades Ireland's Foreign-Currency Government Bond Rating Five Notches from Aa2 to Baa1.

December 16, 2010
Standard & Poor’s Upgrades Hong Kong’s Long-Term Issuer Credit Rating from AA+ to AAA.

Standard & Poor’s Upgrades The People’s Republic of China’s Long-Term Sovereign Credit Rating from A+ to AA-.

December 15, 2010
Moody's Downgrades Vietnam's Government Bond Rating from Ba3 to B1.

December 7, 2010
Standard & Poor’s Upgrades Latvia’s Long-Term Foreign Currency Rating from BB to BB+.

December 6, 2010
Moody's Downgrades Hungary's Foreign-Currency Government Bond Rating from Baa1 to Baa3.

November 12, 2010
Standard & Poor's Upgrades Philippines Long-Term Foreign Currency Sovereign Credit Rating from BB- to BB.

November 11, 2010
Moody's Upgrades China's Foreign-Currency Government Bond Rating from A1 to Aa3. 

November 5, 2010
Fitch Upgrades Ecuador’s Foreign-Currency Issuer Default Rating from CCC to B-.

October 22, 2010
Standard & Poor’s Downgrades Barbados’ Foreign-Currency Sovereign Credit  Rating from BBB  to BBB-.
 

September 30, 2010

Moody's Downgrades Spain's Foreign Currency Government Bond Rating from Aaa to Aa1. 

September 14, 2010

Standard & Poor’s Upgrades Sri Lanka’s Foreign Currency Sovereign Credit Rating from B to B+. 

September 13, 2010

Standard & Poor’s Upgrades Argentina’s Foreign Currency from B- to B. 

September 6, 2010

Standard & Poor’s Upgrades Uruguay’s Long-Term Foreign Currency Sovereign Credit Rating from BB to BB+. 

August 27, 2010

Standard & Poor’s Downgrades Ghana’s Long-Term Sovereign Credit Rating from B+ to B. 

August 24, 2010

Standard & Poor’s Downgrades Ireland’s Long-Term Sovereign Credit Rating from AA to AA-. 

August 23, 2010

Moody's Downgrades Bahrain's Foreign Currency Government Bond Rating from A2 to A3. 

August 2, 2010

Standard & Poor’s Upgrades Ecuador’s Long-Term Sovereign Credit Rating from CCC+ to B-. 

July 28, 2010

Fitch Downgrades Vietnam’s Long-Term Foreign Currency Issuer Default Rating from BB- to B+. 

July 27, 2010

Fitch Upgrades Uruguay's Long-Term Foreign Currency Issuer Default Rating from BB- to BB. 

July 19, 2010

Moody's Downgrades Ireland's Government Bond Rating from Aa1 to Aa2. 

July 13, 2010

Moody's Downgrades Portugal's Government Bond Rating from Aa2 to A1. 

July 12, 2010

Fitch Upgrades Argentina’s Long-Term Foreign Currency Issuer Default Rating from RD (Restricted Default) to B. 

July 6, 2010

Fitch Upgrades Ukraine’s Long-Term Foreign Currency Issuer Default Ratings (IDRs) from B- to B. 

July 5, 2010

Standard & Poor’s Upgrades Qatar’s Long-Term Sovereign Credit Rating from AA- to AA. 

June 16, 2010

Moody's Upgrades Chile's Government Bond Rating from A1 to Aa3. 

June 14, 2010

Moody’s Downgrades Greece’s Government Bond Rating from A3 to Ba1 (Non-Investment Grade). 

June 10, 2010

Standard & Poor’s Upgrades Estonia’s Long-Term Foreign Currency Sovereign Credit Rating from A- to A. 

June 9, 2010

Moody's Upgrades Panama's Government Bond Rating from Baa2 to Baa3 (Investment Grade). 

June 1, 2010

Moody's Upgrades Guatemala's Foreign Currency Government Bond Rating from Ba2 to Ba1. 

May 28, 2010

Fitch Downgrades Spain’s Long-Term Foreign Currency Issuer Default Rating from AAA- to AA+. 

May 26, 2010

Moody's Upgrades Nicaragua's Foreign Currency Government Bond Rating from Caa1 to B3. 

May 25, 2010

Standard & Poor’s Upgrades Panama’s Long-Term Foreign Currency Rating from BB+ to BBB- (Investment Grade). 

May 19, 2010

Fitch Issues Angola a Long Term Foreign-Currency Issuer Default Rating of B+.

Standard & Poor’s Issues Angola a Long-Term Foreign Currency Rating of B+. 

May 17, 2010

Standard & Poor’s Upgrades Ukraine’s Long-Term Foreign Currency Rating from B- to B. 

April 27, 2010

Standard & Poor's Downgrades Greece's Long-Term Sovereign Credit Rating from BBB+ to BB+ (Non-Investment Grade). 

April 22, 2010

Moody's Upgrades the Dominican Republic's Government Bond Rating from B2 to B1. 

April 14, 2010

Moody's Upgrades South Korea's Government Bond Rating from A2 to A1. 

April 13, 2010

Moody's Upgrades Lebanon's Government Bond Rating from B2 to B1. 

April 9, 2010

Fitch Downgrades Greece’s Long-Term Foreign Currency Issuer Default Rating from BBB+ to BBB-. 

March 31, 2010

Fitch Raises Lebanon’s Long-Term Foreign Currency Issuer Default Rating from B- to B. 

March 24, 2010

Fitch Downgrades Portugal’s Long-Term Foreign Currency Issuer Default Rating from AA to AA-. 

March 23, 2010

Fitch Upgrades Panama’s Long-Term Foreign Currency Issuer Default Rating from BB+ to BBB- (Investment Grade). 

March 12, 2010

Standard & Poor’s Raises Indonesia’s  Long-Term Foreign-Currency Sovereign Rating from BB- to BB. 

March 11, 2010

Standard & Poor's Raises Ukraine's Foreign Currency Sovereign Credit Rating from CCC+ to B-. 

February 16, 2010

Fitch Upgrades Jamaica’s Long-Term Foreign Currency Issuer Default Rating from CCC to B-. 

February 3, 2010

Fitch Downgrades Jamaica’s Long-Term Foreign Currency Issuer Default Rating to RD, then Subsequently Upgrades to CCC. 

January 14, 2010

Standard & Poor's Revises Jamaica's Sovereign Credit Rating to "Select Default." 

January 8, 2010

Moody's Upgrades Turkey's Government Bond Rating from Ba3 to Ba2. 

December 16, 2009

Moody’s Raises Peru Foreign-Currency Government Rating from Ba1 to Baa3. 

December 14, 2009

Standard & Poor’s Downgrades Mexico’s Foreign-Currency Sovereign Credit Rating from BBB+ to BBB. 

December 3, 2009

Fitch Upgrades Turkey’s Long-Term Foreign Currency Issuer Default Rating from BB- to BB+. 

November 24, 2009

Fitch Downgrades Jamaica’s Issuer Default Rating from B to CCC. 

November 23, 2009

Fitch Downgrades Mexico's Foreign Currency Issuer Default Rating from BBB+ to BBB. 

November 18, 2009

Moody's Downgrades Jamaica's Foreign Currency Bond Rating from B2 to Caa1. 

November 15, 2009

Moody's Downgrades El Salvador from Baa3 (Investment Grade) to Ba1. 

November 12, 2009

Fitch Downgrades Ukraine’s Long-Term Foreign-Currency Issuer Default Rating from B to B-.  

November 4, 2009

Standard & Poor's Downgrades Jamaica's Long-Term Foreign Currency Rating from CCC+ to CCC. 

October 13, 2009

Moody's Downgrades Barbados' Foreign Currency Government Bond Rating to Baa3 from Baa2. 

September 28, 2009

Moody's Downgrades Lithuania's Foreign Currency Rating from A3 to Baa1. 

September 22, 2009

Moody's Upgrades Brazil's Long-Term Foreign Currency Rating from Ba1 to Baa3 (Investment Grade). 

September 16, 2009

Moody's Upgrades Indonesia's Sovereign Rating from Ba3 to Ba2. 

August 21, 2009

Standard & Poor's Downgrades Nigeria's Long-Term Foreign Currency Rating from BB- to B+. 

August 5, 2009

Standard & Poor’s Downgrades Jamaica’s Long-Term Foreign Currency Rating from B- to CCC+. 

July 16, 2009

Moody’s Upgrades South Africa’s Foreign Currency Rating from Baa1 to A3. 

June 17, 2009

Fitch Downgrades El Salvador's Issuer Default Rating from BB+ to BB. 

June 15, 2009

Standard & Poor's Upgrades Ecuador's Long-Term Sovereign Credit Rating to CCC+ from SD. 

May 12, 2009

Moody's Downgrades Ukraine's Foreign Currency Government Bond Rating from B1 to B2. 

Standard & Poor's Downgrades El Salvador's Long-Term Sovereign Credit Rating from BB+ to BB. 

April 23, 2009

Moody's Downgrades Lithuania's Foreign Currency Rating from A2 to A3. 

Moody's Downgrades Latvia's Foreign Currency Rating from Baa1 to Baa3. 

April 21, 2009

Moody's Downgrades Fiji's Government Bond Rating from Ba2 to B1. 

April 16, 2009

Fitch Downgrades Thailand's Long-Term Foreign Currency Issuer Default Rating from BBB+  to BBB. 

April 8, 2009

Fitch Downgrades Estonia's Long-Term Foreign Currency Issuer Default Rating from A- to BBB+. 

Fitch Downgrades Latvia's Long-Term Foreign Currency Issuer Default Rating from BBB- (Investment Grade) to BB+. 

Fitch Downgrades Lithuania's Long-Term Foreign Currency Issuer Default Rating from BBB+ to BBB. 

April 1, 2009

Moody's Upgrades Lebanon's Foreign-Currency Government Bond Rating from B3 to B2. 

March 31, 2009

Moody's Downgrades Hungary's Government Bond Rating from A3 to Baa1. 

March 30, 2009

Standard & Poor's Downgrades Hungary's Long-Term Foreign Credit Rating from BBB to BBB-. 

March 24, 2009

Standard & Poor's Downgrades Lithuania's Sovereign Credit Rating from BBB+ to BBB. 

March 23, 2009

Moody's Upgrades Chile's Foreign-Currency Government Bond Rating from A2 to A1. 

March 18, 2009

Standard & Poor's Downgrades Jamaica's Long-Term Sovereign Credit Rating from B to B-. 

March 4, 2009

Moody's Downgrades Jamaica's Foreign-Currency Government Bond Rating from B1 to B2. 

February 25, 2009

Standard & Poor's Downgrades Ukraine's Long-Term Foreign-Currency Rating from B to CCC+. 

February 24, 2009

Standard & Poor's Downgrades Latvia's Sovereign Credit Rating from BBB- (Investment Grade) to BB+. 

February 12, 2009

Fitch Downgrades Ukraine's Long-Term Foreign Currency Issuer Default Rating from B+ to B. 

February 10, 2009

Moody's Upgrades Belize's Government Bond Rating from Caa1 to B3. 

February 4, 2009

Fitch Downgrades Russia's Long-Term Issuer Default Rating from BBB+ to BBB. 

January 19, 2009

Fitch Downgrades Mongolia's Long-Term Foreign Currency Issuer Default Rating from B+ to B. 

January 12, 2009

Moody's Upgrades Uruguay's Foreign-Currency Bond Rating of Uruguay from B1 to Ba3. 

January 7, 2009

Moody's Downgrades Latvia's Foreign-Currency Government Rating from A3 to Baa1. 

December 23, 2008

Standard & Poor's Downgrades Dominican Republic's Long-Term Sovereign Credit Rating from B+ to B. 

December 16, 2008

Fitch Downgrades Ecuador’s Long-Term Sovereign Credit Rating to RD from CCC. 

Moody's Downgrades Ecuador's Government Bond Rating from Caa1 to Ca. 

December 15, 2008

Standard & Poor’s Downgrades Ecuador’s Long-Term and Short-Term Sovereign Credit Ratings to SD from CCC- and C, Respectively. 

Fitch Downgrades Venezuela's Issuer Default Rating from BB- to B+. 

December 8, 2008

Standard & Poor's Downgrades Russia's Foreign-Currency Sovereign Credit Rating from BBB+ to BBB. 

December 4, 2008

Moody's Downgrades Iceland's Long-Term Foreign Currency Rating from A1 to Baa1. 

November 18, 2008

Fitch Downgrades Jamaica's Issuer Default Rating from B+ to B.  

November 17, 2008

Standard & Poor's Downgrades Hungary's Long-Term Foreign Currency Rating from BBB+ to BBB. 

November 14, 2008

Standard & Poor's Downgrades Ecuador's Long-Term Sovereign Credit Rating from B- to CCC-. 

Moody's Downgrades Ecuador's Sovereign Rating from B3 to Caa1.  

November 10, 2008

Fitch Downgrades Hungary's Long-Term Foreign Currency Issuer Default Rating from BBB+ to BBB. 

Fitch Downgrades Kazakhstan's Long-Term Foreign Currency Issuer Default Rating from BBB to BBB-.  

Fitch Downgrades Bulgaria's Long-Term Foreign Currency Issuer Default Rating from BBB to BBB-.  

Fitch Downgrades Romania's Long-Term Foreign Currency Issuer Default Rating from BBB to BB+.  

November 7, 2008

Moody's Downgrades Hungary's Foreign-Currency Government Bond Rating from A2 to A3. 

Moody's Downgrades Latvia's Foreign-Currency Government Bond Rating from A2 to A3. 

October 31, 2008

Standard & Poor's Downgrades Argentina's Foreign-Currency Sovereign Rating from B to B-. 

October 30, 2008

Standard & Poor's Downgrades Bulgaria's Long-Term Sovereign Credit Rating from BBB+ to BBB. 

October 28, 2008

Moody's Downgrades Pakistan's Government Bond Rating from B2 to B3. 

October 27, 2008

Standard & Poor's Downgrades Romania's Long-Term Foreign Currency Rating from BBB- to BB+. 

August 19, 2008

Moody's Upgrades Peru's Foreign-Currency Government Bond Rating from Ba2 to Ba1. 

 August 15, 2008

Standard & Poor's Upgrades Trinidad & Tobago's Long-Term Sovereign Rating from A- to A. 

August 11, 2008

Standard & Poor's Downgrades Argentina's Long-Term Foreign Currency Rating from B+ to B. 

August 7, 2008

Standard & Poor's Downgrades the Seychelles' Long-Term Foreign Currency Rating from CCC to SD .

August 5, 2008

Standard & Poor's Upgrades Lebanon's Long-Term Foreign Currency Rating from CCC+ to B-. 

August 1, 2008

Standard & Poor's Downgrades The Seychelles' Long-Term Foreign Currency Rating from B to CCC. 

July 31, 2008

Standard & Poor's Upgrades People's Republic of China's Long-Term Sovereign Credit Rating from A to A+. 

July 22, 2008

Standard & Poor's Upgrades Uruguay's Long-Term Foreign-Currency Rating from B+ to BB-. 

July 16, 2008

Moody's Upgrades Russia's Government Bond Rating from Baa2 to Baa1. 

July 14, 2008

Standard & Poor's Upgrades Peru's Long-Term Foreign Currency Rating from BB+ to BBB- (Investment Grade). 

June 19, 2008

Moody's Upgrades Colombia's Foreign-Currency Government Bond Rating from Ba2 to Ba1. 

June 12, 2008

Standard & Poor's Downgrades Ukraine's Long-Term Foreign Currency Rating from BB- to B+. 

May 29, 2008

Fitch Upgrades Brazil's Long-Term Foreign Currency Rating from BB+ to BBB-. 

May 21, 2008

Moody's Downgrades Pakistan's Government Bond Rating from B1 to B2. 

May 15, 2008

Standard & Poor's Downgrades Its Long-Term Foreign Currency Rating on Pakistan from B+ to B. 

April 30, 2008

Standard & Poor's Upgrades Brazil's Long-Term Foreign Currency Rating from BB+ to BBB- (Investment Grade). 

April 17, 2008

Moody's Upgrades Israel's Foreign-Currency Bond Rating from A2 to A1. 

April 2, 2008

Fitch Upgrades Peru's Long-Term Foreign Currency Rating from BB+ to BBB-. 

Fitch Downgrades Sri Lanka's Long-Term Foreign Currency Rating from BB- to B+. 

March 20, 2008

Moody's Upgrades Ecuador's Foreign Currency Government Bond Rating from Caa2 to B3. 

March 4, 2008

Fitch Upgrades the Czech Republic's Long-Term Foreign Currency Issuer Default Rating from A to A+. 

February 26, 2008

Standard & Poor's Upgrades Panama's Long-Term Sovereign Credit Rating from BB to BB+. 

February 20, 2008

Moody's Comments on Legal Injunctions Against Petroleos de Venezuela, S.A. 

February 13, 2008

Fitch Upgrades Indonesia's Long-Term Foreign Currency Rating from BB- to BB.  

February 11, 2008

Standard & Poor's Statement: Petroleos de Venezuela S.A., Venezuela, And Related Issuers Ratings Unaffected By Court Ruling. 

Fitch Upgrades Israel's Foreign-Currency Issuer Default Rating from A- to A. 

February 8, 2008

Fitch Ratings Statement: British Court Order to Freeze PDVSA Assets To Have Minimal Near-Term Impact. 

January 31, 2008

Standard & Poor's Downgrades Lebanon's Long-Term Sovereign Credit Rating from B- to CCC+. 

January 30, 2008

Standard & Poor's Downgrades Lithuania's Long-Term Foreign Currency Rating from A to A-. 

December 18, 2007

Standard & Poor's Upgrades Chile's Foreign Currency Rating from A to A+. 

December 7, 2007

Standard & Poor's Downgrades Belize's Long-Term Foreign Currency Rating to 'Select Default'. 

November 27, 2007

Standard & Poor's Upgrades Israel's Long-Term Foreign Currency Rating from A- to A. 

November 21, 2007

Standard & Poor's Upgrades Ecuador's Long-Term Sovereign Credit Rating from CCC to B-. 

October 18, 2007

Moody's Upgrades Indonesia's Foreign-Currency Bond Rating from B1 to Ba3. 

October 11, 2007

Standard & Poor's Upgrades the Czech Republic's Foreign Currency Sovereign Credit Rating from A- to A. 

October 9, 2007

Standard & Poor's Downgrades Kazakhstan's Long-Term Foreign Currency Rating from BBB to BBB-. 

October 8, 2007

Standard & Poor's Upgrades Mexico's Long-Term Foreign-Currency Rating from BBB to BBB+. 

September 19, 2007

Fitch Upgrades Mexico's Long-Term Foreign Currency Issuer Default Rating from BBB to BBB+. 

September 4, 2007

Standard & Poor's Upgrades the Dominican Republic's Long-Term Sovereign Credit Rating from B to B+. 

August 23, 2007

Moody's Upgrades Brazil's Foreign-Currency Rating from Ba2 to Ba1. 

July 27, 2007

Fitch Upgrades Uruguay's Sovereign Issuer Default Rating from B+ to BB-. 

July 26, 2007

Moody's Upgrades Hong Kong's Foreign-Currency Bond Rating from Aa3 to Aa2. 

Moody's Upgrades China's Long-Term Foreign Currency Rating from A2 to A1. 

July 25, 2007

Moody's Upgrades South Korea's Long-Term Foreign Currency Rating from A3 to A2. 

July 16, 2007

Moody's Upgrades Peru's Foreign-Currency Bond Rating from Ba3 to Ba2. 

June 21, 2007

Fitch Upgrades Colombia's Foreign Currency Issuer Default Rating from BB to BB+. 

June 12, 2007

Standard & Poor's Introduces Sovereign Recovery Ratings  and  Issues Speculative-Grade Recovery Rating Report. 

June 5, 2007

Moody's Upgrades Panama's Country Ceiling from Baa1 to A3. 

May 16, 2007

Standard & Poor's Upgrades Brazil's Long-Term Sovereign Credit Rating from BB to BB+. 

May 15, 2007

Moody's Downgrades Cerro Negro - Merrill Lynch Commentary. 

May 14, 2007

Moody's Downgrades Cerro Negro from B1 to B3. 

May 10, 2007

Fitch Upgrades Brazil's Long-Term Foreign Currency from BB to BB+. 

May 9, 2007

"Rating EM Corporate Bonds and Piercing the Sovereign Ceiling." Presentation by Vincent J. Truglia (Moody's Investors Service) at EMTA Corporate Bond Forum. 

May 2, 2007

Moody's Upgrades Dominican Republic's Foreign-Currency Bond Rating from B3 to B2. 

March 29, 2007

Standard & Poor's Upgrades Poland's Long-Term Foreign Currency Rating from BBB+ to A-. 

March 5, 2007

Standard & Poor's Upgrades Colombia's Long-Term Foreign Currency Rating to BB+. 

January 30, 2007

Standard & Poor's Upgrades India's Sovereign Credit Rating from BB+ to BBB-. 

Moody's Downgrades Ecuador's Sovereign Rating from Caa1 to Caa2. 

January 23, 2007

Fitch Downgrades Ecuador's Long-Term Foreign Currency Rating from B- to CCC. 

January 19, 2007

Standard & Poor's Downgrades Ecuador's Long-Term Sovereign Credit Rating from CCC+ to CCC. 

January 18, 2007

Fitch Upgrades Poland's Foreign Currency Rating from BBB+ to A-. 

December 22, 2006

Moody's Downgrades Hungary's Foreign Currency Rating from A1 to A2. 

December 21, 2006

Moody's Upgrades Uruguay's Foreign Currency Rating to B1 from B3. 

December 7, 2006

Standard & Poor's Downgrades Belize's Long-Term Foreign Currency Rating to 'Select Default'. 

November 22, 2006

Moody's Upgrades Pakistan's Foreign Currency Bond Rating to B1. 

November 20, 2006

Standard & Poor's Raises Peru's Long-Term Foreign Currency Rating to BB+. 

November 2, 2006

Standard & Poor's Upgrades Kazakhstan's Long-Term Foreign Currency Rating to BBB. 

October 26, 2006

Standard & Poor's Raises Bulgaria's Foreign Currency Rating to BBB+. 

October 17, 2006

Moody's Upgrades Slovakia's Foreign Currency Bond Rating to A1. 

October 6, 2006

Moody's Upgrades Romania's Long-Term Foreign Currency Rating to Baa3. 

October 4, 2006

Moody's Upgrades Credit Ratings on Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE. 

October 2, 2006

Standard & Poor's Raises Argentina's Long-Term Foreign Currency Rating to B+. 

September 28, 2006

Standard & Poor's Upgrades Uruguay's Long-Term Foreign Currency Rating to B+. 

September 27, 2006

Moody's Upgrades Hong Kong's Foreign Currency Rating to Aa3. 

September 7, 2006

Standard & Poor's Upgrades Vietnam's Long-Term Foreign Currency Rating to BB. 

September 4, 2006

Standard & Poor's Upgrades the Russian Federation's Long-Term Foreign Currency Rating to BBB+. 

August 31, 2006

Fitch Upgrades Peru's Foreign Currency Issuer Default Rating to BB+.  

Fitch Upgrades Romania's Foreign Currency Issuer Default Rating to BBB.  

Moody's Upgrades Brazil Foreign Currency Ceiling to Ba1. 

August 29, 2006

Fitch Awards B+ Foreign-Currency Issuer Default Rating to Jamaica. 

August 22, 2006

Standard & Poor's Upgrades Aries Rating to AAA Following Russian Paris Club Prepayment. 

August 17, 2006

Fitch Revises Ratings Methodology, Upgrades 40 Countries. 

August 4, 2006

Standard & Poor's Downgrades Belize's Long-Term Foreign Currency Rating to CC. 

August 1, 2006

Fitch Upgrades Argentina's Ratings on Performing Foreign Currency Debt Issued Under Foreign Law to B-. 

July 27, 2006

Standard & Poor's Upgrades People's Republic of China Long-Term Rating to A. 

July 26, 2006

Standard & Poor's Upgrades Indonesia's Long-Term Foreign Currency Rating to BB-. 

July 25, 2006

Fitch Upgrades Russia's Foreign Currency Rating to BBB+.  

July 17, 2006

Standard & Poor's Upgrades Guatemala's Long-Term Foreign Currency Rating to BB. 

July 16, 2006

Moody's Upgrades Chile's Foreign Currency Rating to Baa1. 

June 28, 2006

Fitch Upgrades Brazil's Long-Term Foreign Currency Rating to BB. 

June 15, 2006

Standard & Poor's Lowers Long-Term Rating on Hungary to BBB+. 

May 24, 2006

Moody's Raises Foreign-Currency Country Ceilings Reflecting Revised Methodology. 

May 17, 2006

Moody's Upgrades Bosnia and Herzegovina's Foreign Currency Rating to B2. 

May 5, 2006

Fitch Upgrades Dominican Republic Long-Term Foreign Currency Rating to B. 

March 23, 2006

Standard & Poor's Upgrades Argentina's Long-Term Rating to B. 

February 28, 2006

Standard & Poor's Upgrades Brazil's Long-Term Foreign Currency Rating to BB. 

February 23, 2006

New Emerging Markets-Focused Rating Agency Announced: International Ratings Group. 

February 6, 2006

Nigeria Assigned a BB- by Standard & Poor's. 

February 3, 2006

Standard & Poor's Upgrades Venezuelan Long-Term Rating to BB-. 

January 30, 2006

Nigeria Assigned a BB- Rating by Fitch. 

December 15, 2005

Standard & Poor’s Upgrades Russian Long-Term Foreign Currency Rating to BBB. 

August 25, 2005

Fitch Upgrades South Africa's Long-Term Foreign Currency Rating to BBB+. 

August 17, 2005

Fitch Upgrades Bulgaria's Long-Term Foreign Currency Rating to BBB. 

August 12, 2005

Standard & Poor's Raises Long-Term Foreign Currency Rating on Venezuela at B+. 

August 9, 2005

Standard & Poor's Raises Morocco's Long-Term Foreign Currency Rating to BB+. 

August 3, 2005

Fitch Upgrades Russia to BBB. 

August 1, 2005

Standard & Poor's Raises South Africa's Long-Term Foreign Currency Rating to BBB+. 

July 20, 2005

Standard & Poor's Raises Long-Term Rating on China to A-. 

January 31, 2005

Standard & Poor’s Upgrades Russian Long-Term Foreign Currency Rating to Investment Grade.  

Standard & Poor’s Upgrades Mexico’s Long-Term Foreign Currency Rating to BBB.  

January 18, 2005

Standard & Poor’s Lowers Venezuela’s Long- and Short-Term Foreign Currency Ratings to ‘SD’ from ‘B’.  

November 18, 2004

Fitch Upgrades Russia to Investment Grade. 

September 17, 2004

Standard & Poor's Raises Brazil's Long Term Foreign Currency Rating to BB-, Stable Outlook. 

June 24, 2004

S&P Raises Bulgaria Foreign Currency Rating to Investment Grade.  

S&P Issues Report on Aries Vermogensverwaltungs GmbH, Russian Federation Sovereign Credit-Linked Notes.  

February 7, 2002

Mexico Is Upgraded by Standard & Poor's to BBB-.  

February 6, 2002

Mexico is Upgraded by Moody's to Baa2.