EU Financial Stability Facility Gets Top Credit Rating

Klaus Regling, chief executive of the European Financial Stability Facility (EFSF) speaks to students and faculty members during a talk at Tsinghua University School of Economics and Management in Beijing, China on 29 October 2011. EPA/BGNES

The European Financial Stability Facility, which was recently boosted by EU leaders, received an AAA rating by the world's top three credit rating agencies.

Moody's, Fitch and Standard & Poor's all gave the EFSF their AAA rating, which is the topmost, report world agencies Saturday.

The changes in the Financial Stability Facility adopted in June entered into force last week, with which funds in the facility were boosted to EUR 440 B with guarantees of EUR 780 B.

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