Shifts outlook to negative
The probability of multiple defaults by euro area countries is no longer negligible
Rating agency cites large fiscal imbalances, high debts and poor economic outlook
The political situation is very difficult to predict, raising the level of uncertainty and risk
Special report examines the implications of weaker economic growth and the potential cost of the eurozone crisis
The longer the ECB allows the sovereign debt crisis to fester, the more expensive will be the eventual curative action
A scenario that involves leaving the euro would do much more damage
Without continuing external financial support, a coercive and potentially disorderly sovereign default could follow
It’s not clear that the latest measures will be enough to solve the crisis
Rating reflects superior political and economic profile and strong flexibility and performance profile, S&P says
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