Rating agency warns EU, major banks on credit worthiness

The credit rating agency Standard & Poor's said on the 7 December 2011 that it would review the top AAA credit rating of the European Union for possible downgrade. The move added the 27-nation EU bloc to the previously announced review of 15 of the 17 eurozone countries, including France and Germany on the 5 December 2011.

• Primary Source

BBC News, 8.12.11: EU faces Standard & Poor's credit rating threat http://www.bbc.co.uk/news/business-16082759

ESO: Background information: S&P feels Europe’s ire over ratings threat / Sovereign downgrade could hit eurozone banks http://www.europeansources.info/record/sp-feels-europes-ire-over-ratings-threat-sovereign-downgrade-could-hit-eurozone-banks/

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