S&P to Review Eurozone Countries for Possible Downgrade

Standard & Poor’s said Monday that it placed fifteen members of the euro currency union on review for a possible downgrade as the debt crisis in the eurozone worsens.

The blanket warning applies to AAA-rated nations such as Germany, France, the Netherlands, Austria, Finland and Luxembourg.

The review does not change anything for two members of the union. Greece’s credit rating reflects a high risk of default, and Cyprus was already under review.

Leave a comment

Filed under Economy, World

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s