Report: France and Austria Downgraded to AA+

Euro-zone governments are expecting new debt-crisis commotion following reports ratings agency Standard & Poor’s (NYSE:MHP) plans to downgrade the credit ratings of two of the euro zone’s six AAA-rated nations.

France (NYSEARCA:EWQ) and Austria (NYSE:EWO) are set to be lowered to AA+, one official told the Financial Times, with a formal statement slated for 3 p.m. today. Germany (NYSEARCA:EWG) will be left as the only large AAA-rated euro nation supporting the AAA-rated European Financial Stability Facility.

Here’s how country ETFs are reacting to the news:

iShares MSCI France Index Fund (NYSE:EWQ): EWQ shares recently traded at $19.20, down $0.21, or 1.08%. They have traded in a 52-week range of $ to $17.69%. Volume today was 251.39M shares versus a 3-month average volume of 10 shares. The company’s trailing P/E is Europe Stock, while trailing earnings are $iShares per share.

iShares MSCI Austria Index Fund (NYSE:EWO): EWO shares recently traded at $13.93, down $0.17, or 1.21%. They have traded in a 52-week range of $ to $34.23%. Volume today was 53.92M shares versus a 3-month average volume of 9 shares. The company’s trailing P/E is Europe Stock, while trailing earnings are $iShares per share.

iShares MSCI Germany Index Fund (NYSE:EWG): EWG shares recently traded at $19.40, down $0.23, or 1.17%. They have traded in a 52-week range of $ to $17.62%. Volume today was 2.31B shares versus a 3-month average volume of 10 shares. The company’s trailing P/E is Europe Stock, while trailing earnings are $iShares per share.

To contact the reporter on this story: Gina Smith at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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