Moody’s Investors’ Service rates seven countries Caa1 or worse. Here they are (via 24/7 Wall Street)
7. Belarus
> Moody’s credit rating: Caa1
> Moody’s outlook: Negative
> 2015 Gov’t debt (pct. of GDP): 39.6%
> 2015 GDP per capita (PPP): $17,836
6. Argentina
> Moody’s credit rating: Caa1
> Moody’s outlook: Negative
> 2015 Gov’t debt (pct. of GDP): 49.5%
> 2015 GDP per capita (PPP): $22,459
5. Jamaica
> Moody’s credit rating: Caa2
> Moody’s outlook: Positive
> 2015 Gov’t debt (pct. of GDP): 132.8%
> 2015 GDP per capita (PPP): $8,784
4. Belize
> Moody’s credit rating: Caa2
> Moody’s outlook: Stable
> 2015 Gov’t debt (pct. of GDP): 75.7%
> 2015 GDP per capita (PPP): $8,321
3. Venezuela
> Moody’s credit rating: Caa3
> Moody’s outlook: Stable
> 2015 Gov’t debt (pct. of GDP): 39.6%
> 2015 GDP per capita (PPP): $16,346
2. Greece
> Moody’s credit rating: Caa3
> Moody’s outlook: Rating Under Review
> 2015 Gov’t debt (pct. of GDP): 172.7%
> 2015 GDP per capita (PPP): $26,773
1. Ukraine
> Moody’s credit rating: Ca
> Moody’s outlook: Negative
> 2015 Gov’t debt (pct. of GDP): 94.1%
> 2015 GDP per capita (PPP): $8,278
-RW
Moody's outlook on Valenzuela is stable? Have they read the news lately?
ReplyDeleteI found that quite astonishing as well.
DeleteIt is amazing that it doesn't always take Greek levels of debt/gdp to perform like Greece. An over-sized government can destroy any country at any level of debt.
ReplyDelete8. United States of America
ReplyDelete> Moody’s credit rating: Aaa
> Moody’s outlook: Unrealistic
> 2015 Gov’t debt (pct. of GDP): 102.9%
> 2015 GDP per capita (PPP): $56,421
https://research.stlouisfed.org/fred2/series/GFDEGDQ188S/
https://en.wikipedia.org/wiki/List_of_countries_by_past_and_projected_GDP_%28PPP%29_per_capita