EFSF Conveniently Downgraded
From Dealbreaker
November 30, 2012 - 6:17pm
Here are two tiny little puzzles about Moody’s’s’s downgrade of the European Financial Stability Facility from Aaa to Aa1 just now. But first, here is some math on EFSF guarantees; basically every €100 of EFSF bonds has €165 of member guarantees, of which €103ish were Aaa-rated and €62ish were not. Until Moody’s downgraded France last…
Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: EFSF, Europe, Moody's, Rating agencies
November 30, 2012 - 6:17pm
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