S&P warns six euro nations of possible downgrade: FT

5th December 2011, Comments 0 comments

Ratings agency Standard & Poor's has warned Germany, France and four other triple A eurozone nations that they risk losing their top ratings within 90 days amid the debt crisis, a report said on Monday.

The Financial Times newspaper said the US-based agency would announce later Monday that the Netherlands, Austria, Finland and Luxembourg had also been put on "creditwatch negative."

This means a one-in-two chance of a downgrade within 90 days, said the paper.

With Germany, S&P said it was worried about "the potential impact ... of what we view as deepening political, financial, and monetary problems with the European economic and monetary union," according to the FT.

A spokesman for the agency could not be immediately reached for comment.

© 2011 AFP

0 Comments To This Article