Standard & Poor's downgrades its outlook for the European Union to "negative" from "stable"

Market news

4 August 2015

Standard & Poor's downgrades its outlook for the European Union to "negative" from "stable"

Standard & Poor's Ratings Services downgraded its outlook for the European Union (EU) to "negative" from "stable" on Monday. The long-term credit rating remained at AA+.

One of the reasons for the downgrade was that the EU is providing "higher-risk financing to EU member states, without the member states' paying in capital".

European stock markets mid session: stocks traded mixed, while Greek stocks dropped again after the reopening on Monday

Eurozone's producer price index declines 0.1% in June

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