Anyone want to hazard a guess — assuming we still have credit rating companies after the apocalypse — whether the credit league table of Aaa-rated sovereign nations (according to Moody’s) will look the same in 12-24 months?
Here they are:
- Australia
- Austria
- Bermuda
- Canada
- Denmark
- Finland
- France
- Germany
- Ireland
- Isle of Man
- Luxembourg
- Netherlands
- New Zealand
- Norway
- Singapore
- Spain
- Sweden
- Switzerland
- United Kingdom
- United States of America
As a related aside, here are the bottom-rated nations:
- Bosnia and Herzegovina
- Cambodia
- Dominican Republic
- Honduras
- Pakistan
- Turkmenistan
- Argentina
- Bolivia
- Lebanon
- Nicaragua
- Paraguay
Related posts:
Sorry to be the jerk in the forum here, but I don't see any other country with a debt to GDP ratio higher than the U.S. on the list. (Currently $13 trillion / $10 trillion, with an over $1 trillion deficit expected for 2009 and 2010 each.) Perhaps the U.S. (and some other countries) should have been downgraded earlier this year, but weren't out of fear of creating a panic.