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Standard & Poor's downgrades EFSF rescue fund rating

Business Materials 16 January 2012 23:38 (UTC +04:00)
Rating agency Standard & Poor's (S&P) on Monday downgraded the creditworthiness of the European Financial Stability Facility (EFSF), the euro currency's rescue package.
Standard & Poor's downgrades EFSF rescue fund rating

Rating agency Standard & Poor's (S&P) on Monday downgraded the creditworthiness of the European Financial Stability Facility (EFSF), the euro currency's rescue package, DPA reported.

S&P lowered its rating from its top AAA ranking down to AA+, the fund announced in Luxembourg.

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