Great news: 11 whole countries teetering on the brink of bankruptcy

Great news: 11 whole countries teetering on the brink of bankruptcy

Argentina is not the only country that has struggled, or even failed, to pay its debt in recent years. It is hardly the only country with a severely impaired credit rating either. Alongside Argentina, Moody’s currently lists 10 other countries with a rating of Caa1 or worse. A Caa1 rating is several notches below Ba1, which still carries substantial credit risk. Based on ratings from Moody’s Investors Service, these are the 11 countries at risk of default.

The countries with the lowest credit ratings significantly differ from one another. They span the globe, ranging from Greece and Ukraine in Europe, to Pakistan in Asia, to Ecuador, Venezuela, and Belize in the Americas.

Ecuador

> Moody’s credit rating: Caa1

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> 2014 Gov’t debt (pct. of GDP): 24.8%

 

Egypt

> Moody’s credit rating: Caa1

> 2014 Gov’t debt (pct. of GDP): 91.3%

 

Pakistan

> Moody’s credit rating: Caa1

> 2014 Gov’t debt (pct. of GDP): 63.7%

 

Venezuela

> Moody’s credit rating: Caa1

> 2014 Gov’t debt (pct. of GDP): 51.6%

 

Argentina

> Moody’s credit rating: Caa1

> 2014 Gov’t debt (pct. of GDP): 52.9%

 

Belize

> Moody’s credit rating: Caa2

> 2014 Gov’t debt (pct. of GDP): 80.4%

 

Cuba

> Moody’s credit rating: Caa2

> 2014 Gov’t debt (pct. of GDP): N/A

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