Market Steadies Although S&P Put EFSF on Negative Watch

Financial markets steadied although the S&P announced to have put long-term ratings of the EFSF on negative watch, signaling the AAA rating of the fund could be lowered by one or two notches. The move, together with the previous warning that ratings of 15 countries in the Eurozone would be put on negative watch, is expected to push EU leaders to devise more creditable measures to contain the sovereign debt crisis.

The rest is here: 
Market Steadies Although S&P Put EFSF on Negative Watch