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Europe Daily Bulletin No. 10889

17 July 2013
Contents Publication in full By article 26 / 33
ECONOMY - FINANCE / (ae) eurozone
EFSF loses its AAA rating

Brussels, 16/07/2013 (Agence Europe) - On Monday 15 July, the Fitch credit rating agency removed the European Financial Stability Fund's top-notch financial rating, downgrading the EFSF from AAA to AA+. The rating actions were prompted by Fitch's downgrade of France's Long-term Issuer Default Ratings (IDRs) to AA+/Stable and the affirmation of its Short-term rating at F1+ on 12 July 2013. “As the EFSF relies on guarantees by its key member states, Fitch's decision to change the EFSF rating...

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