European Union Stripped of AAA Credit Rating

[littleman]

http://www.bloomberg.com/news/2013-12-20/european-union-loses-aaa-credit-rating-at-s-p-on-weaker-cohesion.html

The European Union lost its top credit rating from Standard & Poor's, which cited the deteriorating creditworthiness of the bloc's 28 member nations.

S&P cut its long-term rating on the EU to AA+, with a stable outlook, from AAA and maintained its short-term rating at A-1+. The downgrade came after S&P last month lowered its AAA rating on the Netherlands.

[bill]

The list of countries that still have a AAA rating are shrinking:
https://en.wikipedia.org/wiki/List_of_countries_by_credit_rating
but as the article says, these rating downgrades seem to have less of an impact these days.