Moody‘s lowers outlook on EU’s bailout fund EFSF
World BusinessJul 25, 2012
Ratings agency Moody‘s on Tuesday lowered the outlook on the EU’s bailout fund from stable to negative, after threatening the triple-A credit ratings of three of the eurozone‘s major guarantors.Moody’s said its decision to lower the outlook on the European Financial Stability Facility (EFSF) reflected the changes in outlooks on Germany, the Netherlands and Luxembourg. But it maintained the EFSF‘s triple-A rating.The ratings agency said that although outlook changes for those countries “imply an