Would you rather lend money to the United States, or New Zealand? Going by credit rating alone, that could be a tossup, after Fitch Ratings downgraded its assessment of the U.S. on Tuesday.

“Before the downgrade, two out of the three major credit agencies gave the U.S. a perfect AAA rating, with Standard and Poor’s having reduced it a notch to AA+ in 2011. That meant the U.S. was above the European Union, which has an AA rating from S&P and is rated AAA by Fitch and Moody’s. Now, only Moody’s gives the U.S. a pristine rating, putting it even with New Zealand, the island nation with a population of 5.1 million and a gross domestic product on par with Utah.”