While I knew Japan's public finances were a mess, I did not realize India was neck in neck with the U.S. [Feb 5, 2010: Sovereign Risk Chart - Where Would the US Fit in, on Europe's Scale?] Also, I imagine after the massive loan growth of first half 2009, the Chinese governmen will be writing off a huge swathe of debt sometime in 2011-2013; but they have a massive annual surplus at this point so I assume much of the money will come from that, and not add to their smallish debt.