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Standard & Poor’s threatened Wednesday to downgrade the European Union’s triple-A credit rating, two days after adopting a similar stance toward many countries in the region.
S&P said its review would assess the ability of eurozone countries to support the EU’s repayment of its debts. The 17 eurozone countries contribute about 62 percent of the EU’s revenue. On Monday, S&P said it might downgrade 15 of the 17 members of the eurozone because of the region’s debt crisis.
