A quite unexpected move from the foxy ranking agency ahead of the EU Summit later this week,Standard & Poor's plans to place 15 euro nations on credit-watch negative later today, following The Financials Times Report that was released earlier this afternoon.

The U.S rating agency said some members of the euro zone, including Germany and France, are having their top-notch credit rating at stake, due to the deepening economic and political turmoil in the 17-bloc euro area, pointing that these nations are facing a 50 percent chance of a downgrade within three months.

Early Monday, the Financial Times reported that S&P warned Germany, France, the Netherlands, Austria, Finland and Luxumberg thier triple-A ratings could be lowered by one notch if the credit-watch review failed to convince its experts.