Weiss Ratings

Introducing The Weiss Sovereign Debt Ratings:

Weiss Ratings is an independent rating agency, covering 19,000 U.S. banks, credit unions and insurance companies, with the primary mission of protecting the public from financial risks without bias or conflicts of interest. With that mission in mind, we see an urgent need to unambiguously warn of growing risks related to investing in the United States and various other nations. Therefore, we are initiating coverage of their sovereign debts.

We believe that the AAA/Aaa assigned to U.S. sovereign debt by Standard & Poor’s (S&P), Moody’s and Fitch is unfair to investors and savers ..

6. The AAA/Aaa U.S. debt rating has also helped create an environment of chronic public complacency. Many institutional and individual investors, who, in other circumstances, might demand greater fiscal discipline, have been largely content to accept the U.S. government’s fiscal decline. At the same time, efforts to educate voters about the importance of more prudent fiscal policies have typically fallen on deaf ears. Today more than ever, an honest and fair rating for U.S. government debt is urgently needed to help provide public support for the political compromises and collective sacrifices the U.S. must make in order to restore its finances.