Looking for countries that have their financial acts together? Look to emerging markets like Peru and Indonesia
posted on January 12, 2010 at 10:09 am
As far as I know, there’s no financial-markets law saying that if some countries get a credit-rating downgrade, then others must get a credit-rating upgrade to keep the system in balance.
But right now it seems to be working that way.
The past year has brought credit-rating downgrades to Portugal, Spain, Ireland and Greece, and credit-watch warnings to the United Kingdom and Mexico.
And it has brought credit-rating upgrades to Brazil, Peru, Turkey and Indonesia, and credit-outlook improvements to Russia and India.
See a pattern here? Read more
