S&P expects the rating on EFSF paper to fall to whatever level the lowest rating of the six...

|By:, SA News Editor
S&P expects the rating on EFSF paper to fall to whatever level the lowest rating of the six current AAA EU members falls to. Should none of the AAAs be downgraded, the EFSF would also be spared such. Plans to leverage the fund to a size of $1T have been vastly scaled back as investors have already done their own downgrade.