07.11.2013 21:54:00

European Stability Mechanism (ESM) -- Moody's: European Stability Mechanism's credit profile reflects low leverage, strong liquidity and member capital support

Frankfurt am Main, November 07, 2013 -- In a report published today, Moody's Investors Service says that the European Stability Mechanism (ESM)'s Aa1 rating is based on (1) the ESM's anticipated low leverage; (2) the creditworthiness of the ESM's members, which are also the euro area member states; (3) the strong liquidity and capital management policy, with an Early Warning System (EWS) which ensures that funds will be available on time to service its debt obligations; and (4) the ESM's preferred creditor status.

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