These 2 Publicly Traded Companies Have Better Credit Ratings Than the U.S. Government

Image source: Getty Images.

Continue Reading Below

For decades, there have been few phrases more powerful than "the full faith and credit of the United States." This phrase represents the pledge of the U.S. government to honor its debts, a promise backed by the biggest economy in the world.

But things aren't what they used to be. After decades of rating the U.S. government's credit a perfect "AAA," esteemed ratings agency Standard & Poor's downgraded the U.S. by one notch to "AA+" in 2011. The downgrade resulted from uncertainty about Congress' ability at the time to come to a debt ceiling agreement, as well as the growing doubt that Congress could stymie the precipitous rise in our national debt. Of course, a AA+ credit rating is still exceptionally good, and you have no reason to lose any sleep if you're holding U.S. government debt. But when push comes to shove, the U.S.' credit rating is no longer pristine.

These companies have better credit ratings than the U.S. government

<3>More From

Continue Reading Below