Credit ratings

Credit ratings are important for a country in ensuring the availability and cost-effectiveness of borrowing from the international financial markets. Finland’s credit ratings, AA+/Aa1, are the second highest possible.

State Treasury publishes Finland’s credit ratings and a calendar for future rating announcements on this page. We will also make rating reports available on this page soon after publication.

Calendar dates for Finland rating announcements in 2025

Credit rating agency Date
Fitch Ratings 7 February, 2025
Scope Ratings 21 February, 2025
DBRS Morningstar 21 March, 2025
S&P Global Ratings 25 April, 2025
Moody’s Ratings 13 June, 2025
Fitch Ratings 25 July, 2025
Scope Ratings 1 August, 2025
DBRS Morningstar 19 September, 2025
S&P Global Ratings 24 October, 2025
Moody’s Ratings 12 December, 2025

Finland’s credit ratings and rating reports 

Credit rating agency Short-term Long-term Latest report / press release
Fitch Ratings* F1+ AA+
(negative outlook)
Fitch revises Finland’s Outlook to Negative; Affirms at ’AA+’ (9 August, 2024)

Finland Rating Report (19 August, 2024)

Moody’s Ratings* Prime-1 Aa1 (stable outlook) Moody’s Ratings affirms Finland’s Aa1 ratings; outlook remains stable (13 December, 2024)

Credit Opinion, Government of Finland (17 December, 2024)

S&P Global Ratings A-1+ AA+
(stable outlook)
Research Update Finland (25 October, 2024)
Morningstar DBRS R-1 (high), stable trend AA (high), stable trend Morningstar DBRS Confirms Republic of Finland at AA (high), Stable Trend (20 September, 2024)

Rating Report (20 September, 2024)

Scope Ratings  S-1+ AA+
(stable outlook)
Scope has completed a monitoring review of the Republic of Finland (30 August, 2024)

*In 2025, the Republic of Finland will have solicited credit ratings from Fitch Ratings and Moody’s Ratings.

, Updated 10.1.2025 at 09:44