Economist: S'pore Sovereign risk rated only "A" and not "AAA", same as Botswana

FUCKING PAP always talk big about how fiscally great they are, and how big our national reserves are, etc. WTF, we are ranked only on grade above "BBB". We have the same ranking as Botswana. Unfortunately, we have "AAA" rating for minister salaries.

Sovereign Ratings
The Country Risk Service publishes regular ratings on 120 sovereigns. The ratings for emerging markets are updated monthly while those for most developed countries are updated bi-annually. The sovereign rating measures the risk of a build-up in arrears of principal and/or interest on foreign- and/or local-currency debt that is the direct obligation of the sovereign or guaranteed by the sovereign.

COUNTRIES LATEST DATA

MONTH RATING OUTLOOK
Algeria May-09 BBB Stable
Angola May-09 BB Stable
Argentina May-09 CCC Negative
Australia May-09 BBB Stable
Austria Feb-09 A Stable
Azerbaijan May-09 BB Negative
Bahrain May-09 BBB Stable
Bangladesh May-09 B Stable
Belgium Dec-08 A Stable
Bolivia May-09 B Negative
Bosnia and Hercegovina May-09 CCC Stable
Botswana May-09 A Stable
Brazil May-09 BB Stable
Bulgaria May-09 BB Stable
Cambodia May-09 CCC Stable
Cameroon May-09 B Stable
Canada Jan-09 AA Stable
Chile May-09 A Stable
China May-09 BBB Stable
Colombia May-09 BB Stable
Costa Rica May-09 B Stable
Côte dIvoire May-09 CC Stable
Croatia May-09 B Stable
Cuba May-09 CC Stable
Cyprus Jan-09 A Stable
Czech Republic May-09 BBB Stable
Denmark May-09 AA Stable
Dominican Republic May-09 CCC Stable
Ecuador May-09 CC Negative
Egypt May-09 BB Stable
El Salvador May-09 BB Negative
Equatorial Guinea May-09 BB Stable
Estonia May-09 BB Stable
Ethiopia May-09 CCC Stable
Finland Jan-09 AAA Stable
France Dec-08 A Stable
Gabon May-09 BB Negative
Germany Dec-08 AA Stable
Ghana May-09 B Negative
Greece Dec-08 BBB Stable
Guatemala May-09 BB Stable
Honduras May-09 B Negative
Hong Kong May-09 A Stable
Hungary May-09 B Stable
India May-09 BB Negative
Indonesia May-09 B Stable
Iran May-09 B Stable
Iraq May-09 CC Stable
Ireland Jan-09 A Negative
Israel May-09 BBB Stable
Italy Apr-09 BBB Stable
Jamaica May-09 CC Stable
Japan Jan-09 BBB Stable
Jordan May-09 CCC Stable
Kazakhstan May-09 BB Negative
Kenya May-09 CCC Negative
Kuwait May-09 A Stable
Latvia May-09 B Stable
Lebanon May-09 CCC Stable
Libya May-09 BB Stable
Lithuania May-09 BB Negative
Macedonia May-09 CCC Stable
Malawi May-09 CCC Stable
Malaysia May-09 BBB Stable
Mauritius May-09 BB Negative
Mexico May-09 BBB Negative
Moldova May-09 CCC Stable
Morocco May-09 BB Negative
Mozambique May-09 B Stable
Myanmar May-09 C Stable
Namibia May-09 BBB Stable
Netherlands Feb-09 AA Stable
New Zealand May-09 BBB Stable
Nicaragua May-09 CC Stable
Nigeria May-09 B Stable
Norway Jan-09 AAA Stable
Oman May-09 A Stable
Pakistan May-09 CCC Stable
Panama May-09 BB Negative
Papua New Guinea May-09 B Stable
Paraguay May-09 B Negative
Peru May-09 BBB Stable
Philippines May-09 B Stable
Poland May-09 BB Stable
Portugal Dec-08 A Stable
Qatar May-09 A Stable
Romania May-09 BB Stable
Russia May-09 BBB Negative
Saudi Arabia May-09 BBB Stable
Senegal May-09 B Positive
Serbia May-09 CCC Stable
Singapore May-09 A Stable
Slovakia May-09 A Negative
Slovenia May-09 A Stable
South Africa Apr-09 BB Stable
South Korea May-09 BB Stable
Spain Apr-09 A Stable
Sri Lanka May-09 B Stable
Sudan May-09 C Stable
Sweden Dec-08 AA Stable
Switzerland May-09 AA Stable
Syria May-09 CCC Stable
Taiwan May-09 BBB Stable
Tanzania May-09 B Stable
Thailand May-09 BB Stable
Trinidad and Tobago May-09 BBB Stable
Tunisia May-09 BB Stable
Turkey May-09 B Stable
Uganda May-09 B Stable
Ukraine May-09 CCC Stable
United Arab Emirates May-09 BBB Stable
United Kingdom Mar-09 BBB Stable
United States of America May-09 AA Stable
Uruguay May-09 B Stable
Uzbekistan May-09 B Stable
Venezuela May-09 B Negative
Vietnam May-09 CCC Stable
Yemen May-09 CCC Stable
Zambia May-09 CCC Stable
Zimbabwe May-09 D Stable

Download the numbers in Excel

Characteristics of countries in the different rating bands are summarised as follows:


Band Characteristics
AAA Capacity and commitment to honour obligations not in question under any foreseeable circumstances.
AA Capacity and commitment to honour obligations not in question.
A Capacity and commitment to honour obligations strong.
BBB Capacity and commitment to honour obligations currently but somewhat susceptible to changes in economic climate.
BB Capacity and commitment to honour obligations currently but susceptible to changes in economic climate.
B Capacity and commitment to honour obligations currently but very susceptible to changes in economic climate.
CCC Questionable capacity and commitment to honour obligations. Patchy payment record.
CC Somewhat weak capacity and commitment to honour obligations. Patchy payment record. Likely to be in default on some obligations.
C Weak capacity and commitment to honour obligations. Patchy payment record. Likely to be in default on significant amount of obligations.
D Very weak capacity and commitment to honour obligations. Poor payment record. Currently in default on significant amount of obligations.

AAA sui liap leh...i dun think A is good enuff. Shld get C - C-size battery most dua liap.

Don't worry lah if Spore ever has problems paying its debts, can always borrow from the old man . He must have stashed away biilions.

johnny333 said:

Don't worry lah if Spore ever has problems paying its debts, can always borrow from the old man . He must have stashed away biilions.

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Yes, but he will charge 50% interest.

Papsmearer said:

Yes, but he will charge 50% interest.

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Business is business, after all do you expect him to take a loss