S&P places the eurozone bailout fund - the EFSF - on creditwatch negative (following the...

|By:, SA News Editor

S&P places the eurozone bailout fund - the EFSF - on creditwatch negative (following the downgrade to AA+ in January). The agency no longer believes credit enhancements will be added to offset the lowered rating of guarantors like France, and is thus revoking its stable outlook.