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The Eurozone just got clobbered like baby seals by the rating agencies. Almost everyone has been downgraded by one or two notches, with some having a 1 in 3 chance to be downgraded again in 2012/2013 and placed on Negative Watch. The only survivor is Germany with a sterling rating, no negative watch, no downgrade.

2012 will be an interesting year.

Filed under 2012 business europe Credit Rating Bonds Eurozone