Standard & Poor's said Germany and France may be stripped oftheir AAA credit ratings as the debt crisis prompts 15 euro nationsto be put on review for possible downgrade.
The euro area's six AAA rated countries are among the nations tobe placed on a negative outlook, and their credit ratings may becut depending on the result of a summit of European Union leaderson Dec. 9, S&P said today in a statement. The euro reversed itsgains and U.S. Treasuries rose earlier today after the FinancialTimes reported that the credit-ranking firm planned to reduce sixAAA outlooks.
“Systemic stress in the eurozone has risen in recent weeks andreached such a level that a review of all eurozone sovereignratings is warranted,” S&P said in a statement.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
