S&P: Germany and France could lose AAA ratings

6 December 2011

Germany and France are among the eurozone countries at risk of having their credit scores reduced in the near future, it has emerged.

Leading ratings agency Standard & Poor's (S&P) has today (6 December) revealed that 15 member states of the economic area are on review for a potential downgrade in the coming months.

This group includes both Germany and France, as well as the region's other four AAA-rated states and it is thought a final decision may hinge on the outcome of the forthcoming summit between eurozone leaders taking place on Friday.

German chancellor Angela Merkel and French president Nicolas Sarkozy yesterday called for reforms to be made to the European Union treaty following a round of talks.

And uncertainty surrounding the future of the region led S&P to state: "Systemic stress in the eurozone has risen in recent weeks and reached such a level that a review of all eurozone sovereign ratings is warranted."

By Asim Shah

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