Standard &Poor"s dégrade le Fonds européen de sauvetage

Infographie : François Descheemaekere

Standard & Poor's downgrades EU bailout fund

[Deutsche Welle]

Credit ratings agency Standard & Poor's has downgraded the EU bailout fund by one notch after a series of national downgrades. The agency said that with the right assurances it would reverse the decision.
The European Financial Stability Facility (EFSF) lost its AAA status with the credit agency Standard & Poor's on Monday, being downgraded by one notch to AA+. The decision follows downgrades from AAA for France and Austria, which served as top-level guarantors of the bailout fund.
"The EFSF's obligations are no longer fully supported," said the New York-based agency in a statement. However, the agency said it would reconsider the downgrade provided that certain assurances were made.
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