Interpretation and judgmental biases for threat-relevant stimuli are thought to play a role in anxiety disorders. To investigate whether social anxiety is associated with interpretation and judgmental biases for unambiguous external social events, individuals high and low in social anxiety (N = 36 per group) were presented with unambiguous scenarios depicting positive and mildly negative social events. Interpretations were assessed by participants' answers to open-ended questions and by their ratings for experimenter-provided, alternative explanations. In addition, for each event, participants indicated the probability that the event would happen to them and estimated their own emotional reaction to it. Compared to low socially anxious group, individuals high in social anxiety were more likely to interpret positive social events in a negative way and to catastrophize in response to unambiguous, mildly negative social events. Also, they estimated the emotional cost of negative social events as higher and the probabilities of positive social events as lower.