ECONOMY-FINANCE-BUSINESS / (ae) eib

S&P puts Bank's credit rating on CreditWatch negative

Brussels, 09/12/2011 (Agence Europe) - Rating agency Standard & Poor's (S&P) decided on Thursday 8 December to put the EIB's long-term AAA rating on CreditWatch negative. The Bank's short term rating was reaffirmed at A-1+, the highest on the rating scale. This follows on directly from S&P's decision to put 15 eurozone countries, notably its AAA members, from among the 27 EU member state shareholders of EIB, on CreditWatch negative. The announcement leaves room for the rating of EIB to be...