Moral Outrage
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The countries in the AAA debt club

Amid the contentious debt ceiling debate, the United States is at risk of being booted out of a prestigious group of 17 countries that boast a spotless credit rating.

Triple-A rating enables nations to borrow funds at a low cost, because their governments are considered stable and their bonds safe.

Germany, Canada, France, Norway, Sweden, Switzerland and Singapore are among those with the undisputed stamp of approval — so is the Isle of Man, a British crown dependency off Ireland’s east coast.

But U.S. bonds are no longer a safe bet, compared to other triple-A rated countries.

By looking at the prices of 5-year credit default swaps, Norway’s debt ranks the safest, followed by Sweden, Switzerland, Finland, the Netherlands and Australia.

Canada, Singapore and Germany also have safer bonds than the United States.

CNN

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