S&P Downgrades EU Debt Rating
To AA+
Standard & Poor's lowered the sovereign ratings of the European Union from 'AAA' on Friday, citing deterioration in overall creditworthiness of member states amid contentious EU budgetary negotiations.
The rating agency noted that EU budgetary negotiations have become more contentious, signaling that there is rising risks to the support of the EU from some member states.
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They *just* noticed? Wow. How prescient!