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.

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