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.

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