Eurozone on watch for S&P downgrade

U.S., French and European Union flags fly outside the New York Stock Exchange.

This final note today, which you heard about in Heidi's story on Europe's latest plans. Rumors that S&P would put France, Germany and 13 other eurozone countries on watch for a credit downgrade. It was finally confirmed after the bell in New York.

Now -- and stay with me here -- but this could actually be a good thing. Remember when our credit rating was downgraded this past summer? It's actually cheaper for the United States to borrow now than it was then. So who knows?

About the author

Kai Ryssdal is the host and senior editor of Marketplace, public radio’s program on business and the economy.

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