Despite what one hears and reads in the media and from politicians, that the US will lose its premier financial rating as the best credit risk in the world if it defaults on its debt, the US does not and did not have the lowest country risk in the world.
For example, Euromoney rated US country risk in its second best tier, tier 2, below the least risk country tier, tier one.
The US is rated as a higher risk than Canada, Germany, Australia, New Zealand, Denmark, Sweden, Norway, Finland, Austria, Switzerland and the Netherlands.
Euromoney puts the US in the same risk grouping as Spain, UK, France, Italy, Poland, Czech Republic, Hungary, Oman, United Arab Emigrates, Malaysia, Japan, South Korea, and Chile.
Coface, which measure trade risk, rates the US country risk as A2, a step below the lowest risk A1.
While we would like to believe that the US is the safest and least risky place to put money, the US has not held the top country risk rating for some time.
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