March 2024

FTSE Fixed IncomeCountry Classification
for Inflation-Linked
Government Markets
March 2024

www.lseg.com/en/ftse-russell/

FTSE Fixed Income Country Classification for Inflation-Linked Government Markets, March 2024

RegionCountryCurrency

EM vs DM
designation

Accessibility
level

Americas

UnitedStatesUSD

Developed

2•CanadaCAD

Developed

2•

Argentina

ARS

Emerging

0

BrazilBRL

Emerging

1

Chile

CLP

Emerging

Colombia

COP

Mexico

EMEA

APAC

Watch
list

FTSE
WorldILSIFTSEEMILSI

FTSE
Standalone
IL GBI *Index
creditratingMarketsize(USDbn)*AA+1,135.9

AAA33.9

CCC10.2•

BB-71.7

1

•

A+

32.8

Emerging

1•BBB-

46.4

MXN

Emerging

2

•

BBB+

195.4

Uruguay

UYU

Emerging

0

BBB

4.4

UnitedKingdom

GBP

Developed

2

AA

463.6

Denmark

DKK

Developed

2

AAA

4.7

FranceEUR

Developed

2•

AA

211.9

Italy

EUR

Developed

2

•

BBB

149.9

Germany

EUR

Developed

2

•

AAA

71.6

Spain

EUR

Developed

2

•

A

61.8

SwedenSEKDeveloped

2

•

AAA

16.1

South
AfricaZAR

Emerging

2

BB

27.2

IsraelILS

Developed

2

AA-

54.5

TurkeyTRY

Emerging

1

B

10.2

Japan

JPY

Developed

2

•

A+

31.1

Australia

AUD

Developed

2

•

AAA

26.8

New
ZealandNZDDeveloped2

•

AAA

10.8

SouthKorea

KRWDeveloped1AA

3.6

•

••
••••
•

•

Classifications and index eligibility as of March 2024. Source: FTSE Russell.
*Standalone IL GBIs refers to inflation-linked markets indexed by FTSE Russell, but not included in the WorldILSIor EMILSI.
*Market Size is calculated as the total par amount outstanding of index-eligible bonds as of March 2024 month-end.

www.lseg.com/en/ftse-russell/

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