12.05 – S&P Officially downgrades 15 Countries to CreditWatch Negative

By John Galt
December 5, 2011 – 16:45 ET

From Standard & Poor's website:

RATINGS LIST             To                   From

Long-term ratings on CreditWatch negative

Austria (Republic of)
Sovereign Credit Rating  AAA/Watch Neg/A-1+   AAA/Stable/A-1+
Belgium (Kingdom of)
Sovereign Credit Rating   AA/Watch Neg/A-1+    AA/Negative/A-1+

Finland (Republic of)
Sovereign Credit Rating   AAA/Watch Neg/A-1+   AAA/Stable/A-1+

France (Republic of)
Sovereign Credit Rating   AAA/Watch Neg/A-1+   AAA/Stable/A-1+

Germany (Federal Republic of)
Sovereign Credit Rating   AAA/Watch Neg/A-1+   AAA/Stable/A-1+

Luxembourg (Grand Duchy of)
Sovereign Credit Rating   AAA/Watch Neg/A-1+   AAA/Stable/A-1+

Netherlands (The) (State of)
Sovereign Credit Rating   AAA/Watch Neg/A-1+   AAA/Stable/A-1+

Long- and short-term ratings on CreditWatch negative

Estonia (Republic of)
Sovereign Credit Rating   AA-/Watch Neg/A-1+   AA-/Stable/A-1+

Ireland (Republic of)
Sovereign Credit Rating   BBB+/Watch Neg/A-2   BBB+/Stable/A-2

Italy (Republic of)
Sovereign Credit Rating   A/Watch Neg/A-1      A/Negative/A-1  

Malta (Republic of)
Sovereign Credit Rating   A/Watch Neg/A-1      A/Stable/A-1

Portugal (Republic of)
Sovereign Credit Rating   BBB-/Watch Neg/A-3   BBB-/Negative/A-3

Slovak Republic
Sovereign Credit Rating   A+/Watch Neg/A-1     A+/Positive/A-1

Slovenia (Republic of)
Sovereign Credit Rating   AA-/Watch Neg/A-1+   AA-/Stable/A-1+

Spain (Kingdom of)
Sovereign Credit Rating   AA-/Watch Neg/A-1+   AA-/Negative/A-1+

Short-term ratings on CreditWatch negative, long-term ratings still on
CreditWatch negative

Cyprus (Republic of)
Sovereign Credit Rating   BBB/Watch Neg/A-3    BBB/Watch Neg/A-3

To read the entire release, click on this link to read in detail.