2 Responses to The Relationship between Sovereign Debt and S&P Ratings

  1. steve August 7, 2011 at 10:46 am #

    It’s the trend.

    Steve

  2. OneEyedMan August 7, 2011 at 11:53 pm #

    I don’t know if this is true for other countries, but the US national debt is only approximately 100% of GDP if you count the social security trust fund. Since those obligations could be altered without a default, I’m not sure if it makes sense to include them in the total. In that case the USA number would be 17% or so lower and we’d be solidly within the AAA band