Sovereign Ratings Infographic
City Index July 11, 2013 3:00 PM
<p>Ever since the United States lost its AAA credit rating from Standard & Poor’s on August 2011, no country was safe. As governments rushed to […]</p>
Ever since the United States lost its AAA credit rating from Standard & Poor’s on August 2011, no country was safe.
As governments rushed to issue new debt to finance major stimulus programs aimed at shoring up their economies, credit rating agencies reacted by warning investors that bonds issued by the industrialised economies are not as safe as they used to be.
The United States, United Kingdom and France have had their AAA rating removed by credit rating agencies, raising questions as to which country will be next. As traders anticipate and react to the next rating action, volatility in currency and bond markets is gaining momentum. Here is a guide on how the biggest economies stack up in terms of credit ratings, debt and size of economy.
Originally published on May 22, 2013
Updated on November 11, 2013
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