Moody’s downgrades ESM to Aa1 from Aaa and EFSF to (P)Aa1 from (P)Aaa, maintains negative outlook on ratings

Moody’s Investors Service has today downgraded the long-term issuer rating of the European Stability Mechanism (ESM) to Aa1 from Aaa, and is maintaining a negative outlook on the rating. At the same time, Moody’s has also downgraded the provisional long-term rating for the Issuer Rating and debt…

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