|Investing in Bulgaria ? The risk is lower than United States|
A Fortune blog dated April 28th, had this headline - U.S. debt: riskier than Bulgaria's?
The writer, Colin Barr, had the following to say
A week after Standard & Poor's finally told us what we already knew, that the U.S. fiscal fiasco is in danger of spinning out of control, along comes Weiss Ratings of Jupiter, Fla., to reaffirm we can't max out our national credit cards forever without paying the price.
Few would disagree on this point. But perhaps aiming to grab a headline or two, Weiss goes on to make the harder-to-believe case that U.S. debt is so rotten that it poses a bigger risk to investors than the bonds issued by 32 other countries – including the economic powerhouses Bulgaria, Mexico and Russia.
While the article took a shot at the country ratings of Weiss Ratings, the facts on the quality of Bulgarian debt and their fiscal prudence, did make interesting reading.
A response from Weiss Ratings in the comments, had this to say -
"Colin, our lowest rating is an E. The C rating we assign to the U.S. is the approximate equivalent of the triple-B of other rating agencies. As to the other country ratings, they are driven entirely by the hard numbers, excluding our personal views or biases. Best, Martin D. Weiss, Weiss Ratings."
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