The EU is rated AAA/Aaa/AAA/AAA (outlook stable) by Fitch, Moody’s, DBRS and Scope and AA (outlook stable) by Standard & Poor’s.
The EU’s ratings are a reflection of the fact that:
borrowings are direct and unconditional obligations of the EU, guaranteed through the EU budget by all EU member states
investing in an EU bond is purely linked to the credit quality of the EU and entirely unrelated to the credit risk of the related EU loan to a beneficiary country
the debt issued by the EU is backed by several levels of debt-service protection
the EU may not borrow to finance a budget deficit of its own
by lending funds raised on identical terms, the EU budget does not assume any interest rate, maturity, or foreign exchange risk
More details on the EU’s credit ratings can be found in the EU investor presentation.
Agency Rating
Fitch Ratings AAA/Outlook stable
Moody's Aaa/Outlook stable
DBRS* AAA/Outlook stable
Scope* AAA/Outlook stable
Standard & Poor's AA/Outlook stable
*The DBRS and Scope ratings are delivered on an unsolicited basis.
More details on the EU’s credit ratings can be found in the EU investor presentation.