After Ireland now France and Belgium could see their credit ratings downgraded as the sovereign-debt crisis in Europe threatens to hit the highest-rated borrowers in the region. Last week, Moody's Investors Services slashed Ireland's credit rating and said it might downgrade Spain's rating. Standard & Poor's is reviewing its ratings for Greece, Portugal and Ireland. "Every sovereign may get penalized in the year ahead," said Toby Nangle of Baring Asset Management. "It would a big deal if France was to have its AAA rating stripped. I don't think the likelihood of a downgrade is reflected in the market. Full story here
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