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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Europe’s EUR440bln rescue fund wins AAA just in time

Posted on 21 September 2010

From Telegraph: Standard & Poor’s and Fitch have both granted the Eurozone’s rescue fund a AAA credit rating, clearing the way for swift action if needed as the region’s debt crisis threatens to erupt again.
Goldman Sachs warned clients of a “measurable risk” that both Ireland and Portugal may have to tap the €440bn European Financial Stability Facility (EFSF), though “probably only early next year” since both countries have adequate funding for several months……………………………………….Full Article: Source


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