(Corrects to show the similar action in second paragraph was on euro-area governments.)
Dec. 7 (Bloomberg) -- The European Union’s AAA long-term rating and the ratings of some of the region’s largest banks including BNP Paribas SA, Commerzbank AG and Deutsche Bank AG may be cut by Standard & Poor’s.
The ratings are on “creditwatch negative,” S&P said in separate statements, following a similar action on 15 of the 17 euro-area governments. The EU’s short-term A-1+ rating was affirmed.
Link to Statement on Banks: NSN LVUMRL3PWT1C <GO> Link to Statement on EU: NSN LVUMNP3PWT1D <GO>
--Editor: Greg Chang
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