List of creditor and debtor nations. [ How Standard and Poor's is making you look like a fool if you believe them! ]

Countries with a positive NIIP are considered to be creditor nations, while those with a negative NIIP are debtor nations. For everyday investors, the NIIP of a country promises to be a
leading indicator of a country’s overall fiscal responsibility.

Investors should keep the NIIP figures in mind when measuring the creditworthiness of a country and its businesses.

The source is the IMF, and the list was compiled by:


Quote of the day from Financial Times’ Lex Column that sums it all up:“Officially, Russia is a creditor to the rest of the world. This may have been easy to forget during the last week.

volatility in the ruble, rising bond yields, and panic in its money
markets: all suggest a country about due for a visit from the
International Monetary Fund. Well, the reception from President Vladimir Putin would probably be rather frosty.

Also, the net international investment position (external assets versus liabilities) is $180bn.
So – even given $120bn in external debt owed by Russian banks and companies maturing next year – what’s the problem?”


The article later makes the valid
point that not all of these $180 billion in net external assets can be
immediately repatriated to meet debt obligations. However
to this sum must be added the $400 billion held in reserve by the
Russian Central and the operational reserves held by the government and
by Russian corporates within Russia. Moreover,
as we have repeatedly pointed out, the devaluation of the rouble
protects Russia’s budget and trade balance and keeps the latter in
surplus, ensuring a secure cash flow.In
summary, Russia, both the state and its private businesses, are overall
solvent whatever temporary difficulties of liquidity they may run into
because of the rouble’s fall.