Standard and Poor’s has put Germany, France and 13 other eurozone countries on “credit watch” due to fears over the impact of the debt crisis.
S&P’s move means that countries with top AAA ratings would have a 50% chance of seeing their rating’s downgraded.
The news came as a surprise to investors and saw stocks fall back on early gains as the euro also fell.
Read it all.
S&P warns euro nations of possible credit downgrade
Standard and Poor’s has put Germany, France and 13 other eurozone countries on “credit watch” due to fears over the impact of the debt crisis.
S&P’s move means that countries with top AAA ratings would have a 50% chance of seeing their rating’s downgraded.
The news came as a surprise to investors and saw stocks fall back on early gains as the euro also fell.
Read it all.