Country credit rating is an assessment of the credit worthiness of the country itself. It’s a published ranking where the financial analysis is based on the financial history of borrowing and repayment. The highest rating is usually AAA, and the lowest is D. Most of the time, lenders will use this information to decide whether to approve a loan.
In this table you can see the credit ratings of some Asean and European countries. The credit ratings are the most recent ratings from Standard & Poor’s. From the table shown, we know that Greece currently has the lowest credit rating in the world. In the other words, it’s the world’s worst credit-worthy country. Besides that, several other developed economies such Italy and Spain also join in credit rating cut due to the Eurozone debt default.