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.