Creditworthiness: US Behind Belgium?

With Washington doing all it can to prove that borrowed money is the answer, is it any wonder that others are asking questions, as Institutional Investor suggests in “U.S. Creditworthiness Hits Record Low”?

The latest U.S. government budget projects a staggering deficit of $1.75 trillion this year, and publicly held debt is expected to expand by $9.57 trillion, to $15.37 trillion, over the next decade.

But as the U.S. governmentment commits its full faith and credit to stemming financial panic and restoring the nation’s economy — and by extension that of the world — to vigorous health, its standing in the eyues of investors is plumbing unprecedented depths.

As revealed in the semiannual Institutional Investor Country Credit survey, the U.S. sees its creditworthiness drop by 5.0 points, to 88.0, on a scale of zero to 100. It now ranks No. 15 among the 177 countries in the survey, one place behind Belgium, a debt-plagued and barely governable state that might cease to exist if Flemish and French-speaking separatists had their way.

To read the rest of the article (and to see the credit rankings for all 177 countries), click here.

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