Last month, the credit rating agency Standard & Poor’s lowered its outlook on U.S. debt to “negative,” suggesting that the United States’ top-flight “AAA” credit rating is vulnerable to a downgrade, which could send interest rates up, make it hard for businesses to get capital, and put the brakes on economic recovery. But the U.S. isn’t alone; here’s a look at where other major world economies rank on the credit rating spectrum, plus an sampling of smaller countries whose shaky ratings put them in the category of “speculative” investments.
Making the Grade: A Guide to S&P’s Latest Credit Ratings by Country
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