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Showing posts with label euro area debt crisis. Show all posts
Showing posts with label euro area debt crisis. Show all posts

Monday, December 03, 2012

EFSF, European Stability Mechanism Ratings Cut by Moody’s

The European Stability Mechanism and European Financial Stability Facility were downgraded by Moody’s Investors Service, which cited a high correlation in credit risk present among the entities’ largest financial supporters.