S&P's report on euro zone ratings expected in January

Source: Dukascopy Bank
© Dukascopy Bank
"We have got an informal signal from Standard & Poor's that they [European ratings] will come only in January"
- Anonymous government source

Standard & Poor's is expected to release its verdict on credit ratings for 15 euro zone countries in January, after putting them on credit watch December 6 for a possible cut in the absence of decisive action from European leaders.

"We have got an informal signal from Standard & Poor's that they will come only in January," said a government source on condition of anonymity because exchanges with the rating agency are confidential.

"In conversations we have had, they have let this be known if you read between the lines," he added.

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