In a recent reform the usual way of expressing credit ratings by assigning AAA as the top rating, AA+ as the next best and so on has been changed.
The new top rating is LMAO followed by LOL+ and so on. As of 1st April 2012 only three countries have the top rating. These countries are Zimbabwe, Greece and Wales.
The improved Zimbabwean rating is due to a simplification (Keep It Simple, Stupid) in the way of handling currencies. Now the Zimbabwean dollar equals the US dollar. Much easier, indeed.
Until now Greece has been a bit of a scapegoat for the Eurozone problems. With a new way of measuring things that has certainly changed. Already tomorrow German chancellor Merkel must go to Athens and present a plan telling how to pay back the balance.
Wales have until now been rated as part of the United Kingdom. But as a credit bureau spokesman says: “If you have a national soccer team and a national rugby team you should definitely also have your own sovereign credit rating”. As a main reason for the Welsh economic strength most analysts point to the new Welsh shadow currency called Nidwyfynrhoicachufelltithamarianfijystyneudefnyddiowrthfiwedieu – or just short Nidwyfynrhoicachufelltithamarianbasta.