Moody’s gatecrashes EFSF’s end of year party
The European Financial Stability Facility’s (EFSF) plans to wrap up its funding work for the year with a three year benchmark were thrown into disarray on Tuesday by Moody’s decision to downgrade France from Aaa to Aa1. The issuer has other avenues through which it can raise the remaining €3.6bn it requires.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
