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      Instrument data
      Issuer
      Federal Republic of Germany
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      DE000BU2Z064
      Coupon percent
      2.9%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      6,000,000,000
      Maturity date
      15/02/2036
      -
      AAA Outlook: Stable
      AAA Outlook: Stable
      Latest change
      New
      29/01/2026
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Julian Zimmermann Lead analyst
      Carlo Capuano Committee chair
      Scope affirms Germany’s AAA rating with Stable Outlook

      12/9/2025 Rating announcement EN

      Scope affirms Germany’s AAA rating with Stable Outlook

      The ratings are supported by a wealthy, large, diversified economy, sound public finances and a strong external position. Global geopolitical and trade risks, transition risks related to carbon neutrality targets and an ageing population are challenges.

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