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"We take note and will examine the consequences of the decision announced by Standard and Poor's to downgrade the credit rating of the European Financial Stability Facility (EFSF) from AAA to AA+. This follows from the rating action of 13 January 2012 that concerned a group of euro area Member States. EFSF continues to be assigned the best possible credit rating by Moodys (Aaa) and Fitch (AAA), underlining its solidity. Neither rating agency has indicated any rating action for EFSF in the immediate future. SP's decision will not reduce EFSFs lending capacity of EUR440 billion. EFSF has sufficient means to fulfill its commitments under current and potential future adjustment programmes and will continue to be backed by unconditional and irrevocable guarantees by euro...
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