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When any other country tries to print, there's huge inflation, devalued currency, bad ratings from rating companies (mostly US go figure why?), interest rates increases. But why don't these happen to the USA ?

Update (based on that non-answer from @1muflon1) :

First of all, I wrote the AAAAAAAA++++ in the title on purpose to make the title more flashy. I know AAA is top grade.

Second, printing money is a cause of inflation and if "printing money" does not affect nations ability to meet its debt obligations per se I would like some details there because of course, you can reimburse any debt if you print money, duh.

Sources:

My question is still valid, and NOT opinion based. Can someone explain how a country can print that much money - without any consequences ? I'm not asking for opinions but asking for economical insight on how this actually works.

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First of all let's get our facts straight as it is not proper to argue based on incorrect premises.

  1. The maximum ranking possible, used by conventional internationally respected debt ranking agencies, is AAA. I know of no rating agency that issues AAAA+ ratings.

  2. The US debt rating is not AAAA+. The most recent ratings from Fitch, Moody's and S&P are AAA, Aaa and AA+ respectively.

Now to answer your question why US has high ranking, it's important to understand what rankings are. According to Fitch (and other agencies use very similar definitions):

Credit ratings are used by investors as indications of the likelihood of receiving the money owed to them in accordance with the terms on which they invested.

Hence the rankings are just an estimate of probability that nation or company will default, with AAA indicating probability of default almost doesn't exist, and further you go down from AAA the estimated probability of default becomes higher. Just knowing this definition explains part of your question.

Inflation, devaluation of currency and "printing money" do not affect nations ability to meet its debt obligations per se. Hence the US ranking is high because that ranking agencies think the probability of default on its debt by US is virtually zero.

Other countries are ranked in the same way. Although inflation has nothing to do with probability of default (in fact inflation helps to avoid default of a country), often countries that mis-manage their economies and run unsustainable debt also run higher inflation, in order to monetize at least part of their debt and slow its growth.

Hence you are confusing causation with correlation. Countries with high inflation don't have low rating because of inflation, they have low rating because of very high probability of default. Because they run huge deficits and have huge debt, they often resort to inflation in order to borrow less, or to get funds for their nominal obligations in their own currencies, when they can't even get people to lend them money.

In Response to your RE:

Inflation has multiple consequences for a country. Inflation dilutes people’s money worth, can harm people who rely on fixed incomes not adjusted for inflation (for example retirees). High levels of inflation create a lot of uncertainty and might lead to lower economic welfare. Moreover, once we get to hyperinflation, the whole monetary system might break down and people may revert to barter. Although here it’s important to note that for last few years US inflation on average was very close to 1-2%, which is considered optimal by economists, since low inflation can bolster the economy (see the picture below).

enter image description here

Furthermore, your question was about US credit rating not about economic consequences of inflation.

You have to understand that credit ratings are not marks for good economic policy or anything like that. Technically even countries that organizes its economy inefficiently and badly could get top credit ranking if people trust the country to always pay its debts. Inflation does not harm countries' ability to pay its debts as long as country issues debt in its own currency.

Conversely you can have economy run by the most enlightened policymakers, but if the country is not trusted to pay its debt the debt ranking will be low. For example, in its past it opportunistically defaulted multiple times. Or there is ongoing civil war and nobody knows if the new government will still pay the debt of old one etc.

The debt ranking only solely rank countries on probability of default. If the probability of default is low ranking will be high - this is not my opinion that’s what debt rankings are. They are not some measure of virtue, quality of policy etc other than the ability to pay its debts. A medical analogy would be measuring temperature - you might suffer from serious disease but your temperature might be totally fine. In similar ways your economy might have tons of structural problems (although I don’t claim whether US does or not - just saying this for the sake of analogy) and credit ratings will be still fine, if economy’s ability to pay its debt is good, the same way as thermometer will show normal temperature even if you are terminally ill.

To argue that inflation should decrease the credit ranking of a country, you would have to prove that inflation somehow worsens the country’s ability to pay its debt in its nominal terms. To my best knowledge there is no evidence in economic literature that inflation would do that.

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  • $\begingroup$ AAA is the highest rating from any of the big three ratings agencies. There’s no + modifier for AAA. $\endgroup$ Commented Apr 30, 2020 at 2:11
  • $\begingroup$ @dismalscience corrected it thanks for spotting it $\endgroup$
    – 1muflon1
    Commented Apr 30, 2020 at 2:12
  • $\begingroup$ This does not answer the question $\endgroup$
    – toto
    Commented Apr 30, 2020 at 4:34
  • $\begingroup$ @1muflon1 . Countries with high inflation dont have low rating because of inflation, they have low rating because of very high probability of default, and because they run huge deficits and have huge debt can you remind me what is the #1 country in the world debt-wise ? I guess it must have a very low rating based on this sentence $\endgroup$
    – toto
    Commented Apr 30, 2020 at 4:42
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    $\begingroup$ @toto US is not the #1 country debt wise. By debt to GDP it is not even in top 10. Also, as mentioned in the answer the ratings represent probability of default. Probability of default is increasing in debt but as mentioned in the answer deficits are very important too, in addition also political instability, past default ability to raise taxes play the role as well I focused on explaining why inflation does not matter since that’s what was in your question $\endgroup$
    – 1muflon1
    Commented Apr 30, 2020 at 10:09

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