Business Today | Moody's Axes EFSF And ESM, Blames France Forbes With peripheral bond yields tightening and the Eurozone breathing a generalized sigh of relief after Greece was given enough cash to survive for a few months, Moody's decided to ruin the party and downgrade the credit ratings of the EU's bailout facilities and ... Moody's downgrades euro zone rescue funds, keeps negative outlook European rescue mechanism loses triple-A rating Moody's cuts AAA rating of ESM rescue fund |