Agence France-PresseDecember 20, 2013 07:21
The Standard and Poor's ratings agency on Friday downgraded the European Union's long-term credit rating one notch, from "AAA" to "AA+", citing weaker credit worthiness among the bloc.
"The downgrade... reflects our view of weaker creditworthiness among the 28 EU member states, including among net creditors to the EU's budget," the agency said.
"We consider that the EU's financial arrangements have deteriorated, and that cohesion among members has lessened."
The outlook was stable, it added.