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Top countries with the highest sovereign ratings. Who’s at risk of being downgraded?

Ana Sabiescu, 18 Mar 2010

Romanian version

Eve though the global economy is still mired in a deep recession, rating agency Standard & Poor’s is still assigning top-grade ratings to only 16 countries in the world. For most of them, outlook is stable, but for the world’s biggest economy, S&P has a negative outlook.

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Australia and Austria

Australia, the only country that comprises the mainland of the Australian continent, the sixth largest country by total area, has a sovereign long-term credit rating of AAA, both in local currency and foreign currency categories.

The country Australia races head to head is Austria that was assigned the same top-grade AAA rating by S&P.

S&P’s outlook on Australia and Austria are stable, and the countries’ short-term credit ratings is A-1+, the highest rating assigned by S&P.

Australia is also a top 10 most popular FDI destination, according to an AT Kearney Foreign Direct Investment Confidence survey.

By the ease of doing business, Australia takes the ninth spot and Austria 28, according to Ease of Doing Business 2010 report.

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Top countries with the highest sovereign ratings. Who’s at risk of being downgraded?

Australia and Austria

Article comments "Top countries with the highest sovereign ratings. Who’s at risk of being downgraded?"

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