Which country has the best credit rating? (2024)

Which country has the best credit rating?

Some of the top examples include Australia, Canada, Denmark, Germany, Sweden, Switzerland, Norway, and Hong Kong. These are all countries that generally carry a credit rating of AAA.

Does the US still have a AAA credit rating?

Home / Economy / Articles / What is the US credit rating, and what does its downgrade mean? On August 1, 2023, Fitch Ratings, one of the country's three major credit rating agencies, announced that it had downgraded the US credit rating from AAA to AA+.

Does US have highest credit rating?

The AA+ rating is one level below AAA, meaning the US no longer has what Fitch defines as the “highest credit quality.” While Fitch says that AA ratings denote “expectations of very low default risk,” that's a step down from “the lowest expectation of default risk” for AAA borrowers.

What is China's credit rating?

While it lowered its ratings to negative outlook from "stable", indicating a downgrade is possible over the medium term, Fitch affirmed China's issuer default rating at 'A+', its third-highest category. S&P, the other major global rating agency, also rates China A+, the equivalent of Moody's current A1 rating.

Does the UK have a AAA credit rating?

The higher the credit rating, the easier it is to get a loan or credit with a good interest rate. So in simple terms, the UK is now no longer seen as such a safe bet. Britain has held a AAA rating since 1978. Our rating is now AA which is the same as France but worse than Germany.

What is Canada's credit rating?

Why did the US lose its AAA credit rating?

As of Aug. 1, the U.S. Treasury owed $32.6 trillion, both to bondholders and other parts of the federal government. That's part of the reason that Fitch cut the U.S. government's long-term creditworthiness by one notch, from AAA – its highest rating – to AA+.

What is Germany's credit rating?

Very Strong Fundamentals: Germany's 'AAA' rating reflects its diversified, high value-added economy and strong institutions. The rating is also supported by a record of fiscal prudence and very low government financing cost.

What is India's credit rating?

What US state has the lowest credit rating?

Mississippi had the lowest average FICO credit score of all states in 2023, at 680 is 38 points below the national average.

Who owns most of China's debt?

[2] A report by the credit rating agency S&P Global in 2022 estimated that 79 per cent of corporate debt in China was owed by SOEs (the IMF does not break down the proportion of debt owed by SOEs).

What is France's credit rating?

What is Brazil's credit rating?

What is Russia's credit rating?

Rating Action

On March 17, 2022, S&P Global Ratings lowered its foreign and local currency sovereign credit ratings on Russia to 'CC/C' from 'CCC-/C'.

When did the US lose its Aaa rating?

2011 Standard & Poor's Downgrade

Previous Downgrade: On August 5, 2011, S&P lowered its U.S. credit rating from AAA to AA+.

What is Greece's credit rating?

The agency also affirmed its long and short-term ratings for Greece at 'BBB-/A-3'. Greece emerged from a series of international bailouts in 2018 and last year regained investment-grade status from credit rating agencies after 13 years in the "junk" category due to its overwhelming national debt.

What is the current US credit rating?

Fitch Ratings - London - 01 Aug 2023: Fitch Ratings has downgraded the United States of America's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'AA+' from 'AAA'. The Rating Watch Negative was removed and a Stable Outlook assigned. The Country Ceiling has been affirmed at 'AAA'.

What is the credit rating of Australia?

Australia is one of only nine countries to be rated AAA by all three major credit rating agencies and this was achieved for the first time under the last Labor Government. Our strong credit rating means Australia can access funds at lower rates.

What is the credit rating of Iraq?

Fitch Affirms Iraq at 'B-'; Outlook Stable.

Who owns the majority of the U.S. debt?

The largest holder of U.S. debt is the U.S government. Which agencies own the most Treasury notes, bills, and bonds? Social Security, by a long shot. The U.S. Treasury publishes this information in its monthly Treasury statement.

Is AAA better than AA+?

What Does AA+ Mean? The AA+ rating is issued by S&P and Fitch and is similar to the Aa1 rating issued by Moody's. This rating is still of high quality but it falls below the AAA ranking. It comes with very low credit risk even though long-term risks may affect these investments.

Who owns the national debt?

As of January 2023, foreign countries own $7.4 trillion in Treasurys — or roughly 24% of total US debt. Over the past two decades, central banks and other government entities have owned 50-75% of foreign-owned debt. Independent investors and companies held the rest.

What is Denmark credit rating?

The kingdom of Denmark has a low level of debt, a sound debt structure and a robust economy with a stable outlook. This results in an AAA-rating.

Is there a credit score system in Europe?

Experian, Equifax, and TransUnion (previously called Callcredit) work in the U.K. much as they do in the U.S. The only difference is the scoring ranges. In the U.K., Experian credit scores range from 0 to 999, while TransUnion goes from 0 to 710, and Equifax goes from 0 to 700.

What are the credit ratings in Finland?

The credit rating agency Fitch Ratings affirmed Finland's long-term sovereign credit rating at 'AA+' on 9 February 2024. The outlook on the rating is stable.