The USA’s Credit Score Was Dinged – How Is Your Credit Score?

by Ron Haynes

Just like individual credit scores are calculated by three bureaus (Equifax, Transunion, and Experian) the credit scores of countries are also rated by three agencies (Standard & Poor’s, Moody’s, and Fitch). While both individuals and sovereign states both borrow money, the way scores are recorded are very different.

Individual credit scores range from 350 to 850, with anything higher than 780 considered very good. Credit ratings for countries are usually recorded using letters, pluses and minuses, and numbers.

If you don’t know your credit score, you can easily find out ALL THREE scores for FREE at

With the US credit rating (or credit score) being downgraded by Standard and Poors from AAA to AA+, it’s much like having an individual credit score decline from 850 to 820, maybe 800. What really makes things worse is that the “outlook” is considered negative, meaning the rating could easily worsen.

invest, investor, investing, lending

What does this mean for the average person? Not a whole lot. Your personal financial situation is still more dependent on your ability to:

  1. Make extra money.
  2. Control your personal expenses so that you spend less than you earn.
  3. Stay out of high interest debt (move your credit card debt to a long duration zero percent balance transfer card like the Discover® More Card).
  4. Save money and invest it properly.
  5. If you buy a home, make certain your mortgage is specifically designed for your personal situation (check with Quicken Loans).

What are other countries credit ratings? These are the latest ratings I could find on 33 countries and obviously are subject to change.

[table id=3 /]

About the author

Ron Haynes has written 988 articles on The Wisdom Journal.

The founder and editor of The Wisdom Journal in 2007, Ron has worked in banking, distribution, retail, and upper management for companies ranging in size from small startups to multi-billion dollar corporations. He graduated Suma Cum Laude from a top MBA program and currently is a Human Resources and Management consultant, helping companies know how employees will behave in varying situations and what motivates them to action, assisting firms in identifying top talent, and coaching managers and employees on how to better communicate and make the workplace MUCH more enjoyable. If you'd like help in these areas, contact Ron using the contact form at the top of this page or at 870-761-7881.