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S&P Said to Warn on Euro Nations

Rating agency expected to issue negative outlook on all 17 countries.

By Mark Deen and John Detrixhe, Bloomberg | Updated on December 05, 2011

Standard & Poor’s will say that Germany and France may be stripped of their AAA credit ratings as the debt crisis prompts all 17 euro nations to be put on review for possible downgrade, two officials familiar with the S&P decision said.

The euro area’s six AAA rated countries are among the nations to be placed on a negative outlook pending the result of a summit of European Union leaders on Dec. 9, the people said today on condition of anonymity because the decision has yet to be announced. The euro reverse gains and U.S. Treasury bonds gained after the Financial Times reported earlier that the credit-ranking firm planned to reduce the outlooks, without citing the source of the information. John Piecuch, a spokesman for S&P in New York, had no comment.

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