S&P could lower European bailout fund rating

PUBLISHED ON: December 6, 2011 | Duration: 22 min, 00 sec

   
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Stocks on wall street are little changed, as investors hope a warning by S&P on European debt ratings will hasten reforms at a time when S&P has put the eurozone bail out fund EFSF on its Creditwatch Negative list to lower it down from AAA. Meanwhile, US Treasury Secretary Timothy Geithner is meeting European leaders to urge them to take decisive action to backstop their currency union.
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