The U.S. now has a rating associated with a 1-in-100 default chance
Have a look at the default rate of sovereign issuers. Going back to 1983, precisely zero countries with a triple-A rating defaulted within 10 years of getting that gold-standard approval.
Have a look at the default rate of sovereign issuers. Going back to 1983, precisely zero countries with a triple-A rating defaulted within 10 years of getting that gold-standard approval.
