Shrinking 'AAA' Club: Just 9 countries now hold top Fitch rating
1/10
Ratings Watch
Rating agency Fitch on Tuesday downgraded the US government's top credit rating by a notch to 'AA+', citing expected fiscal deterioration and rising debt burden. The downgrade sent jitters across global markets as investors assessed the impact of the move. When a country's debt-to-GDP ratio increases, it becomes harder for it to repay debt, leading to a lower credit rating, higher borrowing costs, and added pressure on the currency.
Here are 9 countries with AAA credit ratings. (Data Source: Reuters | TOI)
Here are 9 countries with AAA credit ratings. (Data Source: Reuters | TOI)
2/10
Singapore
Rating: AAA | Debt-to-GDP ratio (%): 168
3/10
Germany
Rating: AAA | Debt-to-GDP ratio (%): 66
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4/10
Australia
Rating: AAA | Debt-to-GDP ratio (%): 56
5/10
Netherlands
Rating: AAA | Debt-to-GDP ratio (%): 51
6/10
Norway
Rating: AAA | Debt-to-GDP ratio (%): 35
7/10
Sweden
Rating: AAA | Debt-to-GDP ratio (%): 33
8/10
Denmark
Rating: AAA | Debt-to-GDP ratio (%): 30
9/10
Switzerland
Rating: AAA | Debt-to-GDP ratio (%): 29
10/10
Luxembourg
Rating: AAA | Debt-to-GDP ratio (%): 25