Moody's gives ESM its triple-A rating - MarketWatch

Moody's gives ESM its triple-A rating - MarketWatch

 Moody's Investors Services said Monday that the newly approved European Stability Mechanism, Europe's permanent bailout fund, has been given a long-term issuer rating of Aaa with a negative outlook. Its creditworthiness is based on the creditworthiness of the ESM's member states and the anticipated low leverage, Moody's said in a release. The negative outlook reflects the negative outlook on all but one of the Aaa-rated member states and guarantors, including Germany, France and the Netherlands.