S&P to put AAA Eurozone countries on creditwatch negative (Germany, France and four others)

FXstreet.com ^ | Dec 05 2011 | FXstreet

[Qbert]

FXstreet.com (Córdoba) – The Financial Times reported that the credit rating agency, Standard and Poor’s 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.

[Qbert]

More here: http://www.cnbc.com/id/45556697

[mk2000]

Wait I thought we were told everything was ok. The US economy was recovering the Eurozone was all bailed out and there was peace in the World.

[GonzoGOP]

Dow took a big hit at 1:30 ET. Not enough to drive it into negative territory, but it erased tow thirds of what had been a 140 point jump at the opening bell.

[Varsity Flight]

Negative U.S. savings interest rates watch.

[Former Proud Canadian]

Oh, oh.

[Buckeye McFrog]

so,if our ratings drop to QQQ the Euros will still be at XXXX, so not much in the end will change?