Eurozone's bailout fund downgraded

Rating agency Standard & Poor’s has downgraded the creditworthiness of the eurozone’s bailout fund by one notch to AA+.

Eurozone's bailout fund downgraded
Mon, 16 Jan, 2012 - 19:14

Rating agency Standard & Poor’s has downgraded the creditworthiness of the eurozone’s bailout fund by one notch to AA+.

The downgrade, which follows ratings cuts for AAA-rated France and Austria, could hurt the European Financial Stability Facility’s ability to raise cheap bailout money.

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