Friday 13 January 2012

Market Flash: S&P rumoured to be on the cusp of downgrading Europe

Presented without comment:

"LONDON (Dow Jones)--The Standard & Poor's ratings agency could announce the
downgrades in the credit ratings of a number of European governments as earl
as Friday, said two government sources familiar with the matter.
One person familiar with the matter said an S&P notice is being circulated
among euro-zone governments and that an announcement "could be imminent."
S&P declined to comment on the possibility of an imminent announcement on
euro-zone credit ratings. S&P had placed 15 euro-zone countries on negative
credit watch on Dec. 15."
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