Research Update: European Union And EURATOM 'AAA/A-1+' Ratings Affirmed; Outlook Stable Jun 10

Standard & Poors, June 2010

Abstract
We are affirming the 'AAA' long-term and 'A-1+' short-term issuer credit ratings on the EU and EURATOM. We currently have a 'AAA' senior unsecured debt rating on the EU/Euratom euro medium-term note (EMTN) program, which has been increased from €20 billion to €80 billion. The outlook on the EU is stable, reflecting our expectation that there will be no substantive change in the key factors underpinning the ratings. We expect solid membership support and the layers of debt-service protection to continue to underpin the EU's credit standing. On June 30, 2010, Standard & Poor's Ratings Services affirmed its 'AAA' long-term and 'A-1+' short-term issuer credit ratings on the European Union (EU) and the European Atomic Energy Community (EURATOM). We currently...

Companies mentioned in this report are:
- European Union
- European Atomic Energy Community

Action: Affirmed
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

- European Union
- European Atomic Energy Community

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