With deficit discussions ending in explosive exits and gridlock, a U.S. debt default is becoming more of a threat.  How then can an investor protect him or herself against the massive impact? One option is investing in blue chips. Many blue-chip companies will have a higher credit rating than the U.S. treasury in the event of a default making them appealing as a new safe haven.  Furthermore the majority of these companies have strong sales not just in the U.S. but across the world; cushioning them from a major fall.  A handful of listed blue chip companies that have exhibited strength even in the worst markets and are likely to do so again in the event of an economic relapse. Even in the event that the debt ceiling issue is solved, these companies are unlikely to slide like other traditional safe havens. Below are three well diversified corporations that have a long history of stability.

Coca Cola (KO): Two-third of Coca Cola’s sales come from outside the U.S. meaning if the dollar were to collapse following a default, non-dollar-denominated assets at the company would be worth quite a bit more on the conversion. Additionally, the stock has the recommendation of billionaire investor, Warren Buffett, who selected the stock on the basis of its business model being simple to understand and ability to rely on increased revenue on population growth.

Wal-Mart (WMT): Wal-Mart prides itself on being a low-priced retailer, attractive in a weak economy, and has seen profits in markets of all conditions. It operates in three business segments: Walmart U.S., International and Sam’s Club. It has locations in 14 countries as well as an online presence, meaning like Coca Cola it has the pillow of multiple markets to help it during hard times domestically. The stock is currently trading near its 52-week low as a result of the broader market retreat, making it a good time to buy.

AT&T (T): Regardless of the economy, we occupy a time here most Americans are unwilling to part with their cell phone of Internet making AT&T a safe bet. Additionally, with a yield of 5.7 percent, the company is not likely to default on its dividend obligations. Furthermore, there has been speculation and public support for a proposed merger between AT&T and T-Mobile which could create a more reliable network for cell phone and send shares of the company higher.