US credit rating now as good as Belgium's
The silver lining in the cloud of the US's credit rating being lowered is that for some strange reason, the dollar has taken off against the Shekel, something people like me who get paid in dollars have been hoping for months would happen. We're back over NIS 3.50 to the dollar for the first time in a long time (and to think I thought I was amazingly lucky to convert at 3.489 last Thursday).Above is the list of 18 countries whose credit ratings are AAA (Hat Tip: Instapundit). I would consider New Zealand's credit rating to be better than the US as well, because it is stable. For the record, Israel's Foreign Long Term credit rating is A and it's Local Long Term credit rating is AA-. Neither of those has been adjusted since November 2007. Maybe it's time to raise them?
Labels: credit ratings, Standard and Poors
posted by Carl in Jerusalem @ 9:34 PM
2 Comments:
Israel's low rating I suspect is attributable mainly due to political rather than objective reasons.
On the plus side, no Arab country is the top list of countries with stellar credit records!
I did the same thing and was so upset that I lost so many shekels with my transaction. It's a guessing game here. But I wonder if there is a 'best' time of day to do conversions?
Is the morning rate from last evening? And the aftn rate from the morning?
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