• Expects euro zone to muddle through crisis
  • German AAA rating is safe
  • Does not expect to downgrade France in 2012
  • Euro countries under review could be downgraded by one or two notches
  • A more “activist” role of ECB would improve situation in euro zone

Reuters reporting.

Not sure what to make of that little lot. Started out OK comments 1 thru 4, and then comment 5 kinda muddied the waters.