Praise Jesus.  Britain and Belgium cannot be far behind! 
	
		
							
						
					
			
			
				Standard & Poor's has lowered the credit ratings of nine eurozone countries, including France, Italy and Spain. 
  
France's top-tier AAA credit rating was cut one notch to AA+, while Italy's A rating was lowered two notches to BBB+. Spain was cut 2 notches to A from AA-.
  
It's not clear how these downgrades will affect world markets. Investors have been anticipating them, but the debt markets in Europe remain on edge and government borrowing costs could climb.
	France's top-tier AAA credit rating was cut one notch to AA+, while Italy's A rating was lowered two notches to BBB+. Spain was cut 2 notches to A from AA-.
It's not clear how these downgrades will affect world markets. Investors have been anticipating them, but the debt markets in Europe remain on edge and government borrowing costs could climb.
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