I begin by stating that I am not an economist. So I always accept the information given by economists because they all know more that I.
Yet all the talk of Triple A Ratings had me wondering.
How many other countries have these triple A thingies and where are they from?
The common story is that there are three credit rating firms, S&P, Fitches and Moodys. All American.
I did some digging and found two more. Dagong from China and JCR from Japan.
I discovered that Australia has FIVE Triple A Ratings, All Stable! This is the same as Norway and Singapore. Finland has five as well but one, Dagong’s, is on a negative watch.
So there are only two other nations with the same rating as Australia!
Of interest is that Dagong, the Chinese rating Agency has China on a AA+ rating and only Japan’s JCR rates Japan with a AAA rating.
I was so impressed that I made up a graphic, this morning, from the information I was able to gather and admit real economists may be able to do a better job.
This makes me rather proud of our Financial and Governmental institutions.