S and P cuts EFSF credit rating after eurozone downgrade

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The rating agency Standard and Poor's has downgraded the eurozone's EFSF bailout fund, one grade from AAA to AA+. The move was expected after S&P cut the ratings of nine eurozone countries last week. ECB chief Mario Draghi is urging eurozone leaders to stand by their commitments. ... http://www.euronews.net/

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