Germany, France, Netherlands, Austria, Finland, Luxembourg on creditwatch negative

Discussion in 'Wall St. News' started by THE-BEAKER, Dec 5, 2011.


    S&P ratings warning to top euro nations
    By FT reporters
    Standard and Poor’s has warned Germany and the five other triple A members of the eurozone that they risk having their top-notch ratings downgraded as a result of deepening economic and political turmoil in the single currency bloc.

    The US ratings agency is poised to announce later on Monday that it is putting Germany, France, the Netherlands, Austria, Finland, and Luxembourg on “creditwatch negative”, meaning there is a one-in-two chance of a downgrade within 90 days.

    It warned all six governments that their ratings could be lowered to AA+ if the creditwatch review failed to convince its experts. Markets have been braced for a potential downgrade of France but few expected Germany’s top rating to be called into question.

    With regard to 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.”
  2. euro attacked and will be cracked. not necessary stocks.

    euro vastly overvalued. True value around 0.7 usd.