The €440bn European Financial Stability Facility (EFSF) has been given the highest possible ratings by the three main agencies.
Moody's, Standard and Poor's and Fitch Ratings all assigned triple A ratings to the fund, designed to help eurozone countries with financial assistance if they find it difficult to borrow at acceptable rates. Klaus Regling, CEO of EFSF, says: "We are most satisfied to obtain the top credit ratings by all agencies. "It is a clear confirmation the EFSF can play its envisaged role and be one of the cornerstones of Europe's strategy to maintain financial stability of the eurozone sovereign debt market. "The top ratings of the EFSF, should the facility need to issue, will provide a good...
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