Spain, France and the United Kingdom are at the risk of losing their credit rating because of their skyrocketing public debt.

According to the Fitch rating agency, the three nations have to take more secure measures to minimize their public debt otherwise it will reduce their sovereign ratings from AAA, the highest rating available.

Moreover, the agency has predicted that if the three nations public debt keeps increasing at the same speed, it will amount to more than 90% of their GDP by 2011. By contrast, Korea’s public debt stands at 35% of GDP.