S&P Statement On EFSF – Oct 28th
That is the statement from S&P from October 28th. They made it clear that EFSF depends on the ratings of the countries. Guess they forgot that when they sent out the release last night.
Is EIB at risk? They have a very different structure than EFSF but not sure they would be immune from the downgrades. EIB has remained relatively off the radar screen but they have over $500 billion of debt already issued.