S&P set to downgrade some euro zone countries

[Valin]

Toronto Star:

Matthias Sobolewski and Annika Breidthardt

BERLIN — Standard & Poor’s is set to downgrade the credit ratings of several euro zone countries later on Friday, but not those of Germany and the Netherlands, a senior euro zone government source said.

Another source confirmed “several” countries would be hit.

French TV, citing a government source, said France’s credit rating would be downgraded and another source said Slovakia, the euro zone’s second poorest country currently rated A+ by S&P, would suffer the same fate.

(Snip)


Bonne journée!