Standard and Poor’s ratings agency downgraded the European Union’s long-term credit rating one notch to AA+. The rating agency stripped the bloc’s top-level AAA long-term credit rating citing the overall weaker creditworthiness of the European Union’s 28 member states. S&P cuts European Union’s rating to AA+ S&P cut its long-term ratings on the European Union to AA+, with a stable outlook from AAA. However, it maintained its short-term rating at A-1+. Last month S&P lowered its AAA rating on the Netherlands. S&P said downward pressure could build on the European Union if the creditworthiness of highly-rated European Union countries was to deteriorate beyond…
S&P Strips European Union Of Triple A Rating
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports