Skip to comments.S&P to put AAA Eurozone countries on creditwatch negative (Germany, France and four others)
Posted on 12/05/2011 12:06:20 PM PST by Qbert
FXstreet.com (Córdoba) The Financial Times reported that the credit rating agency, Standard and Poors placed the six remaining AAA Eurozone countries on creditwatch negative. Germany, France, Netherlands, Austria, Finland and Luxembourg are the countries putted on watch for a possible downgrade.
Economic turmoil in Europe is the main reason for the action by S&P. These implicates that there is a probability of a downgrade of about 50% within 90 days in the mentioned countries.
According to the FT report, S&P will announce later the action.
Negative U.S. savings interest rates watch.
so,if our ratings drop to QQQ the Euros will still be at XXXX, so not much in the end will change?
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