Moody's downgrades eurozone bailout fund | Reduction

Moody's downgrades eurozone bailout fund

The Ups and Downs of your Credit Rating by GDS Infographics
License (according to Flickr): Attribution License

Excerpt:

"In the very unlikely event of France being unable to fulfil its obligations to the ESM, there is a reasonable probability that other non-Aaa supporters would not be able to do so either," Moody's said. France, which has the second largest economy of the 17 countries in the eurozone, guarantees a sizable part of the ESM's loan capacity. ESM chief Klaus Regling called the decision "difficult to understand," saying it does "not sufficiently acknowledge ESM's exceptionally strong institutional framework, political commitment and capital structure." The ESM - one of the 17-nation eurozone's key tools in fighting off its debt crisis - continues to be assigned a top-notch long-term rating by Fitch. Moody's and Fitch also see the fund's short-term credit rating as AAA.

Keywords:

eurozone credit rating capital structure France top-notch reasonable short-term long-term institutional crisis debt

People:

Moody

Overall Sentiment: 0.0411112

Relevance: 0.29547

Fitch

Overall Sentiment: 0.170158

Relevance: 0.286169

Klaus Regling

Overall Sentiment: -0.338681

Relevance: 0.202736

Sentiment	Quote
-0.375663	Klaus Regling called the decision "difficult to understand," ...
-0.152142	Klaus Regling called the decision "difficult to understand," saying it does "not sufficiently acknowledge ESM's exceptionally strong institutional framework, political commitment and capital structure."
Sentiment Stats:	Number of Quotes: 2 Aggregate Sentiment: -0.527805 Mean: -0.2639025 Standard Deviation: 0

Key:

• Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
• The Mean is meant to be an indicator of an individual's average comment sentiment.
• The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

Organization: ESM

Overall Sentiment: 0.0372291

Relevance: 0.872314

Disambiguation: References:

• European Social Movement: dbpedia
• European Social Movement: freebase
• European Social Movement: umbel
• European Social Movement: yago

Webpage Tags Info

Source Site: feeds.cbsnews.com

Provided Keywords:

• 17 nations
• aaa rating
• austerity
• bailout fund
• downgrade
• dpst cbseuro
• european stability mechanism
• eurozone
• financial contagion
• french government bonds
• germany credit
• Greece
• greek debt
• long-term debt
• moody's investors service
• rating action

Provided Desc:

Rating agency said its decision was driven by its earlier downgrade of France

Provided Title:

Moody's downgrades eurozone bailout fund

Data Sources

Full Content: http://feeds.cbsnews.com/~r/CBSNewsBusiness/~3/9P60JlNjLr8/

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