EFSF takes note of the decision by Standard and Poor's to downgrade the EFSF's long-term rating to AA+. At the same time, Standard and Poor's also affirms that the EFSF's short-term rating remains unchanged at the highest possible level of A-1+.
Klaus Regling, CEO of EFSF, stated: “The downgrade to 'AA+' by only one credit agency will not reduce EFSF’s lending capacity of €440 billion. EFSF has sufficient means to fulfil its commitments under current and potential future adjustment programmes until the ESM becomes operational in July 2012.”
EFSF has become a well-established signature in the supranational bond market. It can rely on an investor base which is well diversified in terms of both geographical region and investor type. EFSF will continue to be a quality issuer backed by unconditional and irrevocable guarantees by all euro area Member States.
Press release
© EFSF - European Financial Stability Facility
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