EFSF downgraded to AA from AA+

FXStreet (Guatemala) - Partially due to Frances recent downgrade and Draghi continued downplay of the Eurozone, the The European Financial Stability Facility (EFSF), has been downgraded.

EFSF, the vehicle financed by Eurozone member states of the European Union with the objective of preserving financial stability in Europe by providing financial assistance to Eurozone states in economic difficulty, has been downgraded by Fitch Ratings to AA from AA+.