(Germany) and the eurozone’s five other triple A members face having their top-notch ratings downgraded after Standard & Poor’s put 15 countries in the single currency bloc on negative creditwatch.

Germany and the eurozone’s five other triple A members face having their top-notch ratings downgraded after Standard & Poor’s put 15 countries in the single currency bloc on negative creditwatch.

S&P warns eurozone of mass downgrade

The US rating agency has warned that eurozone nations including Germany, France, Austria, Finland, the Netherlands and Luxembourg were under review – meaning they have a one in two chance of a downgrade within 90 days. However, S&P said it expected to conclude its review “as soon as possible” following this week’s summit of EU leaders on Friday.

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