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Moody's gives ESM its triple-A rating
SAN FRANCISCO (MarketWatch)
Moody's Investors Services said Monday that the newly approved European Stability Mechanism, Europe's permanent bailout fund, has been given a long-term issuer rating of Aaa with a negative outlook
Its creditworthiness is based on the creditworthiness of the ESM's member states and the anticipated low leverage, Moody's said in a release
The negative outlook reflects the negative outlook on all but one of the Aaa-rated member states and guarantors, including Germany, France and the Netherlands
Moody's Investors Services said Monday that the newly approved European Stability Mechanism, Europe's permanent bailout fund, has been given a long-term issuer rating of Aaa with a negative outlook
Its creditworthiness is based on the creditworthiness of the ESM's member states and the anticipated low leverage, Moody's said in a release
The negative outlook reflects the negative outlook on all but one of the Aaa-rated member states and guarantors, including Germany, France and the Netherlands
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Revitalizar el crédito es crucial para la recuperación", señaló Draghi, quien subrayó que a día de hoy es fundamental recuperar la confianza de los inversores en los bancos.
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