Moody's Downgrades ESM and EFSF with Outlook Negative

Moody's :

• Moody’s cuts #ESM to Aa1 from Aaa, maintains negative outlook, due to recent downgrade of France from Aaa, 1 of largest financial supporters 
• Moody's also downgraded European Financial Stability Facility (EFSF) to (P)Aa1 from P(Aaa), and is also maintaining a negative outlook 
• Moody's: ESM negative outlook reflect negative outlooks on Aaa ratings of Germany (27.1% share in capital), Dutch (5.7%), Aa1 France (20.4%) 

 
FOR LIVE MARKET UPDATE & DAILY STOCKS, GOLD, FOREX RECOMMENDATION FOLLOW @KEDAITRADER OR ADD PIN:29A5DFFB ( BM : KEDAITRADER )