Current Affairs - International - Discussion

The three major ratings agencies, S&P Global, Fitch, and Moody’s, use a similar letter-based system to rank credit ratings from AAA to D, with AAA being the highest and D indicating payment defaults. In recent news, Fitch, one of the top-three global ratings agencies, downgraded the United States’ credit rating from AAA to AA+. The nations currently holding the prestigious AAA rating from all three major agencies are Australia, Denmark, Germany, Luxembourg, the Netherlands, Norway, Singapore, and Switzerland.