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Luxembourg, part of shrinking AAA "club"
Economics

Luxembourg, part of shrinking AAA "club"

14.03.2012 From our online archive
Thirteen countries, including Luxembourg retain the top rating and therefore still members of the triple A “club” which is notably now short of one member; the United States.

(ADW) Thirteen countries, including Luxembourg retain the top rating and therefore still members of the triple A “club” which is notably now short of one member; the United States whose rating dropped a level after the ratings agency Standard & Poors analysis report.

The best ratings students in the eurozone, that benefit from the triple "A" score from all three major rating agencies , Moody's, Standard and Poor's and the Franco-American agency Fitch - are Germany, Austria, Finland, France, Luxembourg and the Netherlands.

Alongside them are Denmark, Norway, United Kingdom, Sweden and Switzerland, as well as Canada and Singapore.

These thirteen 'AAA' countries have a stable economy, that is to say that their score should not change in 6 to 24 months.

However, the situation is more mixed for other G20 countries and the European Union, where only Australia and the United States enjoy a 'AAA' rating in at least one of the three agencies.

For example, Australia has maintained its triple "A" from S & P and Moody's, but Fitch downgraded the country a level (AA +), despite having a stable outlook.

The United States was downgraded to "AA +" under a negative outlook from S & P, but has always received the highest score from the two other agencies. However the country is under surveillance and the beady eye of Moody's and Fitch.