When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Monday, December 5, 2011

S&P Creditwatch Negative: Germany, France

S&P ratings warning to top euro nations - FT.com: "Standard and Poor’s has warned Germany and the five other triple A members of the eurozone that they risk having their top-notch ratings downgraded as a result of deepening economic and political turmoil in the single currency bloc.

The US ratings agency is poised to announce later on Monday that it is putting Germany, France, the Netherlands, Austria, Finland, and Luxembourg on “creditwatch negative”, meaning there is a one-in-two chance of a downgrade within 90 days."

Caveat emptor!

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