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Euro zone countries warned by S&P

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Euro zone countries warned by S&P

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Standard&Poor’s credit rating agency has warned that almost all 17 Euro zone countries are now to be put on notice for possible downgrade according to the Wall Street Journal.

An earlier report in the British Financial Times had said that just six triple A rated members faced the measure,

These were Germany, France, the Netherlands, Austria, Finland and Luxembourg.

The EU nations have been told the negative outlook is due to the handling of the Euro crisis.

This move means that there is a 50 percent chance of a downgrade within the next 90 days.