Standard & 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 turmoil in the single currency bloc.
The US rating agency was poised to announce yesterday that it was 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.
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