Bloomberg News

S&P Says It’s Studying ‘Implications’ of EU Summit on Ratings

December 09, 2011

Dec. 9 (Bloomberg) -- Standard & Poor’s said it is studying the outcome of the European Union summit ending today before deciding whether to go ahead with its threat to cut the credit rating of 15 euro-region nations.

“We will be studying the implications of the summit and its impact on the growing systemic stresses we identified,” the ratings company said in an e-mail today.

To contact the reporter on this story: Svenja O’Donnell in London at sodonnell@bloomberg.net

To contact the editor responsible for this story: Andrew Davis at abdavis@bloomberg.net


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