UK credit rating threatened with S&P downgrade

George Osborne's economic credibility suffered a fresh blow on Thursday when Standard and Poor's became the third of the major credit ratings agency to put the UK's AAA rating on negative outlook.

Feisty Sarkozy shrugs off French credit downgrade

MADRID (AP) — French President Nicolas Sarkozy bluntly declared Monday that a harsh downgrade by Standard & Poor's of France's formerly top-rung debt rating "changes nothing" for the eurozone's No. 2 economy.