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S&P set to cut some euro zone ratings
Standard & Poor’s is set to downgrade the credit ratings of several euro zone countries later on Friday, but not those of Germany and the Netherlands, a senior euro zone government source said. Another source confirmed “several” countries would be hit. French TV, citing a government source, said France’s credit rating would be downgraded and another source said Slovakia, the euro zone’s second poorest country currently rated A+ by S&P, would suffer the same fate. “Remain alert tonight when U.S. markets close,” said another euro zone source. In December, S&P placed the ratings of 15 euro zone countries on ... (full story)