S&P downgrades nine eurozone credit ratings

Al Jazeera English
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Standard & Poor's has downgraded several of the eurozone's leading economies, which means that it will be more expensive for them to borrow in future.

It's stripped France of its AAA credit rating. The ratings of Italy, Spain and Portugal have also been cut by two notches.

Al Jazeera's Jackie Rowland reports from Paris.

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