Downward Mobility: Where U.S. Ranks Now

With U.S. credit rating downgraded, now ranked with Belgium, New Zealand.

August 6, 2011, 5:16 PM

Aug. 6, 2011— -- Standard & Poor's downgraded the U.S. credit rating from AAA to AA+ on Friday, the first time in history, America's credit rating has been downgraded.

"The downgrade," S&P said, "reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."

For more on Standard & Poor's downgrade on U.S. long term debt, click here.

Here is the current sovereign rating list from Standard & Poor's:

Long-Term S&P Rating

Australia (Commonwealth of) (Unsolicited Ratings) AAA

Austria (Republic of) AAA

Canada AAA

Denmark (Kingdom of) AAA

Finland (Republic of) AAA

France (Republic of) (Unsolicited Ratings) AAA

Germany (Federal Republic of) (Unsolicited Ratings) AAA

Guernsey AAA

Hong Kong (Special Administrative Region) AAA

Isle of Man AAA

Liechtenstein (Principality of) AAA

Luxembourg (Grand Duchy of) AAA

Netherlands (State of The) (Unsolicited Ratings) AAA

Norway (Kingdom of) AAA

Singapore (Republic of) (Unsolicited Ratings) AAA

Sweden (Kingdom of) AAA

Swiss Confederation (Unsolicited Ratings) AAA

United Kingdom (Unsolicited Ratings) AAA

United States of America (Unsolicited Ratings) AA+

Belgium (Kingdom of) (Unsolicited Ratings) AA+

New Zealand AA+

Abu Dhabi (Emirate of) AA

Bermuda AA

Kuwait (State of) AA

Qatar (State of) AA

Slovenia (Republic of) AA

Spain (Kingdom of) AA

China (People's Republic of) AA-

Japan (Unsolicited Ratings) AA-

Saudi Arabia (Kingdom of) AA-

Taiwan (Unsolicited Ratings) AA-

Chile (Republic of) A+

Italy (Republic of) (Unsolicited Ratings) A+

Slovak Republic A+

Andorra (Principality of) A

Czech Republic A

Emirate of Ras Al Khaimah A

Estonia (Republic of) A

Israel (State of) A

Korea (Republic of) A

Malta (Republic of) A

Oman (Sultanate of) A

Trinidad and Tobago (Republic of) A

Aruba A-

Botswana (Republic of) A-

Cyprus (Republic of) A-

Malaysia A-

Poland (Republic of) A-

What do these ratings mean, in terms of real risk assessment? Here are the narrative definitions from Standard & Poor's:

Note: Ratings from 'AA' to 'CCC' may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.

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