Ratings agencies cautious on Next Gen EU impact

By Lewis McLellan
16 Feb 2021

European investors have wholeheartedly embraced the EU’s Next Generation EU programme and piled into risky assets in anticipation of a swifter recovery. But rating agencies are less convinced, warning that only the substance and implementation of national recovery plans will determine the trajectory of European growth.

After many months of negotiations, the EU signed its Recovery and Resilience Facility into being on February 12, taking the bloc one step closer to mobilising €312.5bn of grants and €360bn of loans aimed at member states in the greatest need. Each member state must still ratify the ...

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