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It is Europe's most important agricultural producer and one of the world's leading industrial powers.
Of the Group of Seven leading industrial powers, only Italy (AA) has a lower rating.
Those corridors shuddered at the growing strength of the rival industrial powers Germany and the United States.
In 1999, the top five exporting countries were the traditional industrial powers — the United States, Germany, Japan, France and Britain.
While Germany and France had grown into industrial powers, the Swiss were still mostly farmers and craftsmen.
More sweeping trade rounds are harder to conclude, but they give more maneuvering room to industrial powers.
All the central banks of the Group of Seven industrial powers have now cut rates in the last two days.
President Obama and other heads of the Group of 8 industrial powers will also discuss the matter when they meet in Deauville, France, next week, the official said.
As more developing countries stand tall, the notion that the world outside the major industrial powers is mostly in need of help is fading.
Mr. Schleicher is a senior official at the Organization for Economic Cooperation and Development, or O.E.C.D., a Paris group that includes the world's major industrial powers.
The chancellor did not directly acknowledge that Germany was among the world industrial powers suffering the greatest damage from the global recession.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com