EFSF GETS TOP RATING BOOST

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STORY: EFSF GETS TOP RATING BOOSTDATELINE: Oct. 30, 2011LENGTH: 0:02:28LOCATION: BrusselsPKGINTRO:The eurozone's rescue fund says that triple-As rating from all three ratings agencies would further encourage investors to back the bloc's strategy. The highest short-term rating come after EU leaders have finally hammered out a comprehensive package to deal with the ongoing debt crisis. Leveraging the European Financial Stability Facility, or EFSF, to 1 trillion euros is one of its decisions.Let's have the details.PKG:The European Financial Stability Facility said on Saturday that the three agencies have confirmed its AAA rating.The highest possible rating is confirmed on the basis of amendments, which brings its lending capacity to 440 billion euros, with a guaranteed commitment of 780 billion euros.The rescue fund adds that triple-As rating should encourage investors to back the eurozone's strategy, but warning it could take three years to resolve the debt crisis.Klaus Regling, chief e
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Producer : Xinhua News Agency

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