Euro Rescue: EFSF AAA Rating As Strong As Its Weakest Link, France, S&P Implies |
| October 28, 2011 | October 2011 Bond Updates |
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Controversial credit rating agency Standard & Poor’s affirmed its AAA rating on the EFSF after a transcendental Thursday session where EU leaders agreed on the framework of a general Europe-wide rescue package sparking a risk-asset rally. The EFSF’s triple-A rating is at risk, though, if any of the member countries is downgraded, putting pressure on France and Nicolas Sarkozy. |
| View more at: http://www.forbes.com/sites/afontevecchia/2011/10/28/efsf-remains-aaa-as-long-as-france-isnt-downgraded-sp-says/ |
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