May 20, 2011 / 3:16 PM / 8 years ago

FACTBOX-Euro zone sovereign ratings and outstanding debt

 May 20 (Reuters) - Below is a list of euro zone sovereign
ratings currently assigned by Standard & Poor's, Moody's and
Fitch after Fitch cut Greece's ratings on Friday. (For story
click [ID:nATH006085]
 
           S&P         Moody's       Fitch  Debt on issue
                                                  (USD bln)*
 Austria       AAA          Aaa           AAA       $276
 Belgium       AA+          Aa1           AA+       $440
 Cyprus        A-           A2            AA-        $16
 Estonia       A            A1            A           $0
 Finland       AAA          Aaa           AAA        $99
 France        AAA          Aaa           AAA     $1,876
 Germany       AAA          Aaa           AAA     $1,575
 Greece        B            B1            B+        $381
 Ireland       BBB+         Baa3          BBB+      $128
 Italy         A+           Aa2           AA-     $2,220
 Luxembourg    AAA          Aaa           AAA         $6
 Malta         A            A1            A+          $6
 Netherlands   AAA          Aaa           AAA       $434
 Portugal      BBB-         Baa1          BBB-      $185
 Slovakia      A+           A1            A+         $37
 Slovenia      AA           Aa2           AA         $20
 Spain         AA           Aa2           AA+       $801
 
* USD equivalent, according to Reuters CreditViews

 ******************** LONG-TERM CREDIT RATINGS*****************
 STANDARD & POOR'S            MOODY'S                  FITCH
 --------------------- INVESTMENT GRADE RATINGS ---------------
   AAA                      Aaa                     AAA
  Obligations for which there is the lowest expectation of
investment risk. Capacity for timely repayment of principal and
interest is substantial, such that adverse changes in business,
economic or financial conditions are unlikely to increase
investment risk substantially.
 AA                        Aa                       AA
 Obligations for which there is a very low expectation of
investment risk. Capacity for timely repayment of principal and
interest is substantial. Adverse changes in business, economic
or financial conditions may increase investment risk albeit not
very significantly.
 A                         A                        A
 Obligations for which there is a low expectation of
investment risk. Capacity for timely repayment of principal and
interest is strong, although adverse changes in business,
economic or financial conditions may lead to increased
investment risk.
 BBB                       Baa                      BBB
 Obligations for which there is currently a low expectation
of investment risk. Capacity for timely repayment of principal
and interest is adequate, although adverse changes in business,
economic or financial conditions are more likely to lead to
increased investment risk than for obligations in previous
categories.
 --------------- SPECULATIVE GRADE RATINGS --------------------
 BB                        Ba                       BB
 Obligations for which there is a possibility of investment
risk developing. Capacity for timely repayment of principal and
interest exists but is susceptible over time to adverse changes
in business, economic or financial conditions.
 B                         B                        B
 Obligations for which investment risk exists. Timely
repayment of principal and interest is not sufficiently
protected against adverse changes in business, economic or
financial conditions.
 CCC                       Caa                      CCC
 Obligations for which there is a current perceived
possibility of default. Timely repayment of principal and
interest is dependent on favourable business, economic or
financial conditions.
 CC                        Ca                       CC
 Obligations which are highly speculative.
 C                         C                        C
 This rating may be used to cover a situation where a
bankruptcy petition has been filed or similar action has been
taken, but payments on this obligation are continued.
 D                                              DDD/DD/D
 Obligations which are currently in default. Fitch DDD
designates the highest potential for recovery of amounts
outstanding on any securities involved, and D the lowest
recovery potential.
 ** S&P and Fitch ratings from AA to CCC may be modified by a
plus or minus sign to show relative standing within the major
rating categories.
 ** S&P ratings may have an 'r' attached to the ratings of
instruments with significant non-credit risks to highlight risks
to principal or volatility of expected returns which are not
addressed in the credit rating.
 ** Moody's applies numerical modifiers 1, 2 and 3 in each
generic rating classification from Aa through B. Modifier 1
indicates the obligation is ranked at the higher end of its
generic rating.
 (Compiled by Sakari Suoninen)

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