EU bailout vehicle nets top credit rating


The European Financial Stability Facility (EFSF), set up to rescue troubled eurozone sovereigns, has garnered triple A ratings from each of the big three agencies.

Standard & Poor's, Fitch Ratings and Moody's Investors Service on Monday said the EFSF warranted their highest rating for long-term paper.

The facility, based in Luxembourg, will have the capacity to issue bonds guaranteed by eurozone members for up to €440 billion ($576 billion), the funds from which would be loaned to members in

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