Now that Standard and Poor’s has lowered the US debt rating to AA+, only sixteen nations have the highest rating from all three major ratings agencies (S&P, Moody’s and Fitch).
The nations still considered most credit-worthy by the “big three” ratings agencies are:
- Isle of Man
- New Zealand
- United Kingdom
A look at the list helps explain why, in spite of the S&P downgrade, US Treasuries have remained strong this week. Most of these nations have economies that are tiny compared with the US, and the amount …Read More