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Is there any first-world nation Nice Scuba Diving It’s Dive O’clock Somewhere Shirt in which this isn’t true today, though? Is Singapore really special by this metric? While true, virtually every country is going to see its credit rating reduced after Covid-19 is over. I had to google it myself to confirm. But 10-year govt bonds yield .53% so it’s still super cheap to borrow. True, but it’s not like we’ve fallen that badly yet. We still beat France, UK, South Korea plus a few other westernized countries. Also, this is only the fitch rating standard and the poor still have us at AAA.

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As someone else pointed out prepare to see a few more countries lose their AAA scores. My guess is the next will be Sweden or Aussie land. In the end, though these Nice Scuba Diving It’s Dive O’clock Somewhere Shirt ratings can be taken with a grain of salt. These are the agencies that rated the bonds that crashed during the subprime mortgage crisis with ratings higher than they should be. It means they are slightly less likely to be able to cover the costs of borrowing money through higher revenues due to the corona-induced recession decreasing revenues while dramatically increasing expenditures. It is similar to when your credit score decreases because you’ve maxed your credit cards.

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