With all the talk about the U.S. credit rating possibly being lowered to AA from AAA due to the debt ceiling debate debacle, I was wondering what the credit ratings of other countries were as a point of comparison. Wikipedia, helpfully has a list. According to Standard and Poors, other AA countries include:
Not such a bad club to be in. Some are countries with un-democratic governments but low debt like China and others democracies with very high debt levels like Japan. Apart from the U.S., the AAA club currently includes:
Isle of Man
These are democracies with reasonable debt levels and good track records or tax havens. Yes, Hong Kong is a tax haven. I don't think that Singapore counts as a tax haven and isn't a democracy really (despite having elections) but it does seem to have very good and reliable financial regulation.