S&P downgrades euro zone's EFSF bailout fund

Rating agency Standard & Poor’s cut its credit rating of the European Financial Stability Facility, the euro zone’s rescue fund, by one notch to AA+ on Monday, three days after it cut the ratings of France and Austria by the same margin….

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Posted in * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

One comment on “S&P downgrades euro zone's EFSF bailout fund

  1. Pageantmaster Ù† says:

    Happy New Year from Standard and Poors!