Fwd: CNN Breaking News

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Date: 14 January, 2012 6:03:04 AM GMT+08:00
Subject: CNN Breaking News

Standard & Poor's has lowered the credit ratings of nine eurozone countries, including France, Italy and Spain.

France's top-tier AAA credit rating was cut one notch to AA+, while Italy's A rating was lowered two notches to BBB+. Spain was cut 2 notches to A from AA-.

It's not clear how these downgrades will affect world markets. Investors have been anticipating them, but the debt markets in Europe remain on edge and government borrowing costs could climb.

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