The euro zone's emergency facility expects to be awarded the best-possible rating in the near future, its chief executive said today, adding there will be no pre-funding.
"I am confident that relatively soon we will have the result," Klaus Regling said on the sideline of a conference on 'New banking model in a new growth model for central, east and central European economies'.
The European Financial Stability Facility (EFSF), with the potential to raise up to €440 billion to help countries weather debt problems is fully operational, but Mr Regling ruled out any pre-financing.
"There is a clear decision, it will not happen, there will be no pre-funding. We will only become active if a country needs financial assistance," he said.
Reuters