European Stability Mechanism:EFSF raises €5 billion with new 5-year bond, completes over half of annual funding

 

EFSF raises €5 billion with new 5-year bond, completes over half of annual funding 31 March 2025 EFSF Press Release no. 2/2025 Please find a link to the latest EFSF press release: EFSF raises €5 billion with new 5-year bond, completes over half of annual funding ESM mandates Scope Ratings to rate its creditworthiness 31 March 2025 ESM Press Release no. 5 The European Stability Mechanism (ESM) has mandated Scope Ratings, an EU-based credit rating agency, to rate its creditworthiness alongside existing agencies. The appointment supports the ESM’s market access, competition in the credit rating market, and strengthens European capital markets. With this mandate, Scope’s previously unsolicited long-term AAA and short-term S-1+ ESM ratings with stable outlooks have become solicited ratings. “This decision strengthens the ESM’s willingness to further support the development of European capital markets, alongside other European institutions. Scope’s solicited rating confirms the market’s unwavering trust in the ESM’s financial strength and its crisis response capacity,” said ESM Managing Director Pierre Gramegna. The ESM’s funding plan for 2025 amounts to €7 billion, of which €2 billion was raised in February.  Currently, the ESM is assigned a long-term rating of AAA/stable by Standard & Poor's, Aaa/stable by Moody's, AAA/stable by Fitch, and has a long-term AAA/stable unsolicited rating by DBRS. Other European institutions have also incorporated Scope Ratings into their frameworks.  The European Commission appointed Scope Ratings in June 2022 to rate EU debt instruments. The European Central Bank integrated Scope’s ratings into its Eurosystem Credit Assessment Framework (ECAF) in December 2024, allowing Scope-rated debt to be used as collateral in ECB operations.

Media Enquiries       Cédric Crelo Head of Communications and Chief Spokesperson Phone: +352 260 962 205 c.crelo@esm.europa.eu Anabela Reis Deputy Head of Communications and Deputy Chief Spokesperson Phone: +352 260 962 551 a.reis@esm.europa.eu     Juliana Dahl Principal Speechwriter and Principal Spokesperson Phone: +352 260 962 654 j.dahl@esm.europa.eu         About the EFSF     The European Financial Stability Facility (EFSF) was created as a temporary crisis resolution mechanism by the euro area Member States in June 2010. The EFSF has provided financial assistance to Ireland, Portugal and Greece. The assistance is financed by the EFSF through the issuance of bonds and other debt instruments. Since July 2013, the EFSF may no longer provide any further financial assistance.     European Financial Stability Facility Société Anonyme 6a Circuit de la Foire Internationale, L-1347, Grand Duchy of Luxembourg R.C.S. Luxembourg B153414