Saturday, August 6, 2011

Weiss & Dagong Ratings

Weiss Ratings is an independent ratings agency. It rates sovereign debt on an A to E scale. Here is its analysis of the sovereign debt ratings:

China A
Thailand A
Malaysia A-
Saudi Arabia A-
South Korea A-
Switzerland A-
Austria B+
Chile B+
Norway B+
Sweden B+
Denmark B
Netherlands B
Russia B

I'm not going to repeat the whole list, but everyone else gets a C or a D. The US gets a C on this scale.

========================
Dagong Credit Rating is a Chinese rating agency that has performed its own independent analysis. Here are the best countries under its analysis:

Norway AAA
Denmark AAA
Luxembourg AAA
Switzerland AAA
Singapore AAA
Hong Kong AAA
Finland AAA
China AAA
Australia AA+
New Zealand AA+
Sweden AA+
Canada AA+
Netherlands AA+
Germany AA+
Macao AA+
Austria AA+
Saudi Arabia AA
Korea AA-
Taiwan AA-
Chile AA-
France AA-
Japan AA-
Belgium A+
Malaysia A+
US A+
UK A+

The US was downgraded to an A on July 14. No mention of the Isle of Man.

Update: The above list shows the local currency ratings, but the important rating is for foreign currency. "A sovereign foreign currency rating reflects its opinion of the sovereign's willingness and ability to service debt issued in currencies of foreign jurisdictions."

Update 2 (11/25/11):  Denmark is now an AA+.  So now there are only 7 AAA countries left.

No comments:

Post a Comment