13 January 2012

It's Offical: S&P Announces Mass Downgrade Of Eurozone Countries

Eric Platt | Jan. 13, 2012, 4:38 PM

Standard & Poor's has officially cut the long-term credit rating of France and eight other Eurozone nations.

Italy, Portugal, Cyprus, and Spain saw two notch downgrades, while Austria, France, Malta, Slovakia, and Slovenia were dropped one level.

The ratings agency reiterated its ratings on Belgium, Estonia, Finland, Germany, Ireland, Luxembourg, and the Netherlands.

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