S&P to put AAA Eurozone countries on creditwatch negative

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.