Standard & Poor's Ratings Services revised on Monday its outlook for the European Union to "negative" from "stable." The AA+/A-1+' long- and short-term issuer credit ratings were affirmed. The agency cited an expectation that "the EU will provide first-loss guarantee support for financing connected to the Juncker Plan," among other issues. The investment plan, announced by European Commission President Jean-Claude Juncker last November, is meant to encourage financing of viable investments in Europe. The plan was backed by the European Parliament in June. "The EU's repeated use of its balance sheet to provide ... (full story)