Publication - FOI/EIR release

Scotland's credit rating in comparison to other nations: FOI release

Published: 11 February 2026
Directorate: Exchequer Strategy Directorate
Topic: International, Public sector
FOI reference: FOI/202500493621
Date received: 13 November 2025
Date responded: 11 December 2025

Information request and response under the Freedom of Information (Scotland) Act 2002

Information requested

In the governments statement on Bond issuance, they state that Scotland has a better credit rating than ‘other major industrial nations’. Which nations were chosen for this comparator?

Response

The Scottish Government used Spain, Italy and Japan as specific comparators. There are many others and these are available on Moody's and Standard & Poors websites.

About FOI

The Scottish Government is committed to publishing all information released in response to Freedom of Information requests. View all FOI responses at https://www.gov.scot/foi-responses.

Contact

Please quote the FOI reference
Central Correspondence Unit
Email: contactus@gov.scot
Phone: 0300 244 4000

The Scottish Government
St Andrew's House
Regent Road
Edinburgh
EH1 3DG

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