European Union Downgraded at S&P; Loses Top Credit Rating
Dec. 20 (Bloomberg) — Long-term rating cut to AA+ from AAA; outlook changed to stable from negative: statement.
Short-term rating affirmed at A-1+
Overall creditworthiness of 28 members has declined
Budgetary negotiations have become more contentious, signaling rising risks to support of EU from some members
Since revision to outlook on long-term rating to negative in Jan. 2012, average rating of net contributors to EU budget (weighted by GDP) has decreased to AA from AA+
Expects average maturity of EU’s loan portfolio to increase to 19.5 years from 12.5 years in 2013 once it extends advances to Ireland and Portugal
Expects that EU will continue its back-to-back lending and that it will roll over its debt to match any maturity extension
Stable outlook reflects view that risks to long-term rating are balanced
Код для вставки в блог
20 декабря 2013, 09:37
kmaksimov
Dec. 20 (Bloomberg) — Long-term rating cut to AA+ from AAA; outlook changed to stable from negative: statement.
Short-term rating affirmed at A-1+
Overall creditworthiness of 28 members has declined
Budgetary negotiations have become more contentious, signaling rising risks to support of EU from some members
Since revision to outlook on long-term rating to negative in Jan. 2012, average rating of net contributors to EU budget (weighted by GDP) has decreased to AA from AA+
Expects average maturity of EU’s loan portfolio to increase to 19.5 years from 12.5 years in 2013 once it extends advances to Ireland and Portugal
Expects that EU will continue its back-to-back lending and that it will roll over its debt to match any maturity extension
Stable outlook reflects view that risks to long-term rating are balanced