Why credit rating that Australia on the top of the world
Originally shared by The EconomistDaily chart: The assessment of a country’s creditworthiness is an art, not a science; a government’s willingness to pay may be just as important as its ability to do so. It is not hard to see why Australia, with a debt-to-GDP ratio of 27.1% and a small current deficit, is rated triple-A by the main ratings agencies. Today’s interactive table shows the financial indicators and long-term credit ratings of selected countries. View here: http://econ.st/VdYPwA