The SPI is tipping a lower start to the week for the Australian share market as investors absorb news nine eurozone nations have been downgraded by Standard & Poor's. The agency has warned the eurozone now faces a 40 per cent risk of a recession this year. On Friday January 13, Wall Street was weighed down by reports of the credit ratings and disappointing earnings but US stocks still managed to notch up a second straight week of gains. Economic news After last month putting 15 member of the euro currency union on review for a rating cut Standard and Poor's has downgraded the credit ratings of nine eurozone nations: France and Austria's top-tier AAA credit ratings have been lowered by one notch from AAA to AA+. Italy, Spain, Portugal and Cyprus had their credit ratings cut by two notches. Malta, Slovakia and Slovenia had their credit ratings cut by one notch.