S&P may Downgrade Germany, France, others: report!

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S&P may downgrade Germany, France, others: report (by Wallace Witkowski)

SAN FRANCISCO (MarketWatch) -- Standard & Poor's may downgrade the triple-A ratings of six European nations including Germany, according to the Financial Times in its online edition Monday. The ratings agency will review the triple-A ratings of Germany, France, the Netherlands, Austria, Finland, and Luxembourg, and lower them to a AA+ if reviewers are not convinced that European policymakers are making enough progress to justify the ratings, FT reported. S&P is expected to release its announcement of the review later Monday.

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