# Germany Credit Rating & Sovereign Risk Score

Makrognosis sovereign credit model scores Germany at 94 out of 100 as of 9 November 2026, equivalent to AA+ on the familiar letter scale — upper investment grade.
The score is down 0.7 points from 95 on 1 October 2026.
That places Germany 6th of the 84 economies the model scores; Russia has the highest score at 100.
Key inputs include government debt of 63.4% of GDP, a fiscal balance of −2.9% of GDP, a current account balance of 4.4% 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.

- Source: Makrognosis sovereign credit model
- Makrognosis code: `CREDIT:DE`
- Scale: 0–100 (100 = strongest credit); grade equivalent is model-implied
- Page: https://makrognosis.robomacro.com/data/germany/credit-rating

## Score history

| Date | Score | Grade equivalent |
|---|---:|---|
| 2026-11-09 | 94.5 | AA+ |
| 2026-10-01 | 95.2 | AA+ |
| 2026-07-31 | 95.2 | AA+ |
| 2026-07-30 | 97.2 | AA+ |
| 2026-07-26 | 97.4 | AA+ |
| 2026-06-21 | 84.4 | AA- |
| 2026-06-18 | 91.8 | AA |

## Inputs

| Input | Value |
|---|---:|
| GDP per capita | US$54,240 |
| Real GDP growth, 5-year average | 1.1% |
| Inflation, recent average | 2.6% |
| Government debt | 63.4% of GDP |
| Fiscal balance | −2.9% of GDP |
| Current account balance | 4.4% of GDP |
| Foreign-exchange reserves | 3.1 months of imports |
| Net international investment position | 80.8% of GDP |
| Governance (World Bank WGI composite) | 1.36 |

## API

```
GET https://makrognosis.robomacro.com/v1/credit/DE
```