S&P places 15 euro area countries on negative outlook

On Monday Standard & Poor's positioned sovereign credit ratings of 15 nations on CreditWatch negative that could lead to downgrade in forthcoming few months. According to S&P statement, disagreements among European leaders on how to resolve the European debt turmoil are putting negative pressure on overall credit rating of the Eurozone. 15 countries include 6 AAA rated countries: Germany, France, Netherlands Austria, Luxembourg and Finland. Greece with its CC rating was excluded from the review.