11/12/06 07:53:08.26 5UmnueGU
URLﾘﾝｸ(www.ft.com)
S&P ratings warning to top euro nations By FT reporters Last updated: December 5, 2011 10:08 pm
S＆Pはドイツはじめ５つのユーロ諸国に、AAAの格下げリスクのある「クレジットウオッチ・ネガティブ」を通告 FT
Standard & Poor’s has warned Germany and the five other triple A members of the eurozone that they risk having
their top-notch ratings downgraded as a result of deepening economic and political turmoil in the single currency
bloc. The US rating agency said late on Monday that Germany, France, the Netherlands, Austria, Finland and
Luxembourg were all being placed on “creditwatch negative”, indicating there is a 50 per cent chance of a
downgrade within 90 days.
S&Pは、ドイツ、フランス、オランダ、オーストリー、フィンランド、ルクセンブルグのAAA格付けを持つ各国に対して
これらの国を「クレジットウオッチ・ネガティブ」に置き、ユーロ諸国の政治的・経済的混乱が深まる場合には格下げ
を行うリスクがあるとした。この措置は一般に、90日以内に格下げが50％の確率で有り得る事を意味する。
With regard to Germany, S&P said it was worried about “the potential impact ... of what we view as deepening
political, financial and monetary problems with the European economic and monetary union.”
ドイツについてS&Pは「欧州経済と単一通貨に関わる深まりつつ有る政治的、金融的、マネタリ的問題の与える潜在的イ
ンパクトを憂慮」するとしている
The agency is acting as eurozone governments make further progress towards a comprehensive deal to contain the
region’s sovereign debate crisis ahead of a crucial EU summit on December 9. Berlin and Paris want the eurozone to
sign up to tougher fiscal rules to calm investors’ worries. S&P told the six governments it would conclude its
review “as soon as possible” after the summit. It told governments: “[I]t is our opinion that the lack of
progress the European policymakers have so far made in controlling the spread of the financial crisis may reflect
structural weaknesses in the decision-making process within the eurozone and European Union.”
S&Pは12月9日の欧州サミットでの危機対応を注目している。S&Pは諸国に対して「我々の意見では危機対処についての欧州の
政策担当当局の進歩のなさが金融危機を拡大させてきた。これはユーロ圏とEUの意思決定に関わる構造的な弱さである」という
Governments are concerned that a downgrade will make it harder for the eurozone bail-out fund, the European
Financial Stability Facility, to arrange financing in the markets for its rescue packages for Ireland, Portugal
and Greece, as it is underpinned by guarantees from the six nations which are rated triple A. Those countries also
fret that it could raise their own financing costs.
もしAAA各付けをもつ各国の格下げが起こればユーロ圏の救済ファンドであるEFSFが市場でファイナンシングを進めることに
支障を来す恐れがある。（ry