Weiss Sovereign Debt Ratings Timeline

December 19, 2011

Weiss Ratings announces downgrades for the sovereign debt of China, Canada, and Saudi Arabia in the face of sluggish global demand. At the same time it upgraded the sovereign debt of India and Singapore as their economies improve despite global economic challenges. Weiss confirms the U.S. sovereign debt rating remains unchanged at C-.

December 9, 2011

Weiss Ratings announces the downgrade of the debt of five European countries — Hungary, Ireland, Portugal, Russia, and Sweden — underscoring the impact of the Eurozone crisis on the world economy.

September 19, 2011

Weiss Ratings announces that it has downgraded the sovereign debt of Japan, Malaysia, Mexico, Pakistan and South Korea; while upgrading the debt of Kuwait.

September 7, 2011

Weiss Ratings announces it has downgraded the debt of Austria, Belgium, Czech Republic, Finland, Switzerland and Turkey.

April 28, 2011

Weiss Ratings initiates coverage of the sovereign debt of 47 nations.

June 14, 2011

Weiss initiates coverage of India and Singapore.  Inserting these two countries into the ranking, inevitably changes the ranking of all other countries ranked lower. This should not be interpreted as a deterioration in the financial strength of the lower-ranked countries but rather a lower ranking relative to the other countries.

July 15, 2011

Weiss downgrades the sovereign debt rating of the United States to C- from C.