The European Financial Stability Facility had planned to issue a three-year euro benchmark bond this week but has put its plan on hold after Moody's Investors Service downgraded France's credit rating. "The timing of the EFSF three-year euro offering is currently subject to a technical issue related to EFSF's Deeds of Guarantee," Chief Financial Officer and Deputy CEO Christophe Frankel said. "EFSF will look to bring its new three-year euro benchmark offering once the issuer is able to satisfy the Deeds of Guarantee language."