The FT reports an official saying Austria will join France as another AAA to be downgraded...

|By:, SA News Editor

The FT reports an official saying Austria will join France as another AAA to be downgraded today. If so, it would leave Germany as the only large AAA country guaranteeing the AAA EFSF. The EFSF has a €1.5B bond sale scheduled for Tuesday, and has (had) hopes of eventually reaching around €1T in firepower.