Makrognosis

Brazil Credit Rating & Sovereign Risk Score

Model scoreCode CREDIT:BR

Model score56 / 1009 Nov 2026
Grade equivalentBBB-model-implied
BandInvestment grade0–100 scale, 100 = strongest
Rank57th of 84economies scored

Makrognosis sovereign credit model scores Brazil at 56 out of 100 as of 9 November 2026, equivalent to BBB- on the familiar letter scale — investment grade.

The score is down 10.6 points from 66 on 1 October 2026.

That places Brazil 57th of the 84 economies the model scores; Russia has the highest score at 100.

Key inputs include government debt of 82.9% of GDP, a fiscal balance of −9.7% of GDP, a current account balance of −3.3% of GDP.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Brazil sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 20264550556065Robomacro
Brazil sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026. Source: Makrognosis sovereign credit model.

Score history

Assessment dateScoreGrade equivalent
9 November 202655.7BBB-
1 October 202666.3BBB+
31 July 202666.3BBB+
30 July 202647.2BB
26 July 202648.5BB+
21 June 202650.5BB+
18 June 202649.2BB+
Get the Brazil sovereign risk score in your code

Score, grade equivalent and inputs for 84 economies. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/credit/BR"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/credit/BR",
                 headers={"X-API-Key": KEY})
score = r.json()["headline"]["score_0_100"]
Get a free API key → · API docs

What drives the score

The model's published inputs for Brazil, from official national and international statistics.

InputValueVintage
GDP per capitaUS$12,0042026
Real GDP growth, 5-year average3.3%2026
Inflation, recent average4.4%2026
Government debt82.9% of GDP2026
Fiscal balance−9.7% of GDP2026
Current account balance−3.3% of GDP2026
External debt28.7% of GDP2026
Foreign-exchange reserves14.5 months of imports2026
Governance (World Bank WGI composite)−0.2632026

How Brazil compares

#EconomyAs ofScore
1Russia9 Nov 2026100
2Turkey9 Nov 2026100
3Denmark9 Nov 202698
4Switzerland9 Nov 202696
5Netherlands9 Nov 202695
52Bulgaria9 Nov 202657
53Jordan9 Nov 202657
54Guyana9 Nov 202657
55Thailand9 Nov 202657
56Bahrain9 Nov 202656
57Brazil9 Nov 202656
58Mexico9 Nov 202656
59Peru9 Nov 202655
60Vietnam9 Nov 202654
61Colombia9 Nov 202654
62Philippines9 Nov 202654
63Kazakhstan9 Nov 202653

All 84 economies ranked →

Brazil economic indicators

Brazil GDP (Gross Domestic Product)Brazil GDP at market prices, current BRL (IBGE SIDRA 1846 / PIB a preços de mercado)Brazil Real GDP, chained 1995 prices (IBGE SIDRA 6612, R$ million)Brazil Inflation Rate (CPI)Brazil Unemployment RateBrazil Credit to non-financial private sector outstanding (BCB SGS 20539)Brazil Industrial ProductionBrazil Retail SalesBrazil Current account balance USD mn (BCB balance of payments)Brazil Trade Balance: Goods & ServicesBrazil Exports of goods FOB, USD mn (BCB BoP, SGS 22708)Brazil Imports of goods FOB, USD mn (BCB BoP, SGS 22709)Brazil Government Debt to GDPBrazil EmploymentBrazil M2 Money StockBrazil 10-Year Government Bond Yield

FAQ

What is Brazil's credit rating?
Makrognosis sovereign credit model scores Brazil at 56/100 as of 9 November 2026, equivalent to BBB- (investment grade). This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.
How is the sovereign risk score calculated?
A statistical model scores each economy from published inputs — government debt and fiscal balance, current account and external debt, GDP per capita and growth, inflation, reserves and governance — on a 0–100 scale where 100 is the strongest credit. It is re-run as the inputs update.
Where can I get the data?
Through the Makrognosis API: GET /v1/credit/BR returns the score history and inputs; /v1/credit/universe lists every economy.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Last assessed 2026-11-09. Source: Makrognosis sovereign credit model.