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.

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Posted in * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Stock Market, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The Fiscal Stimulus Package of 2009