Bloomberg News

EFSF’s Regling Says Market Reaction Was Limited to S&P Downgrade

January 23, 2012

Jan. 24 (Bloomberg) -- Klaus Regling, chief executive officer of the European Financial Stability Facility, said the market reaction to Standard & Poor’s decision to downgrade the temporary rescue fund has been limited.

The EFSF has sufficient means to fulfil its commitments, Regling told reporters in Brussels today after a meeting of European finance ministers. The downgrade won’t affect the potential to leverage the fund’s borrowing power, he said.

To contact the editor responsible for this story: Patrick Henry at phenry8@bloomberg.net


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