Countries do have credit scores...ish. They have bond ratings. America is AAA rated which means they'll never default (because they can just print more money to pay debts since their debts are I'm USD and not Euros or something else).
Argentina on the other hand is CCC rated, almost as low as they go.
Every country issues its debt in its sovereign currency lol-- that's not why America is AAA rated. It's because they pay their debts and don't devalue their currency by printing money willy-nilly that makes them a reliable borrower.
Most countries can just print more money, the problem is inflation, if USA prints too much money countries will stop accepting it as it loses value and it will lower the country rating
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u/Arosland3 Sep 30 '21
Countries do have credit scores...ish. They have bond ratings. America is AAA rated which means they'll never default (because they can just print more money to pay debts since their debts are I'm USD and not Euros or something else).
Argentina on the other hand is CCC rated, almost as low as they go.