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Subject S&P Revises Outlook on Euro Rescue Fund to 'Negative'

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Original Message Standard & Poor's revised its outlook on the European Union's bailout facility to negative on Monday, pointing to the reduced creditworthiness of some of the countries backing it.

S&P reaffirmed the European Financial Stability Facility's long-term AA+ rating, but the move to a negative outlook from a developing one means the agency could cut the rating within the next two years. It cut the EFSF rating from AAA in January.

Read more: [link to www.foxbusiness.com]

UPDATE 1:

Thread: ISDA ( Regulatory body) OFFICIAL release :" WE WILL SAY IF GREECE IS IN DEFAULT ON FEB 29 2012 5PM GMT"

UPDATE 2:

Thread: ALERT: GREECE cut to SELECTIVE DEFAULT by S&P!

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