Fitch, Moody’s and Standard & Poor’s all reiterated their top notch scores for the European Financial Stability Fund after a flurry of meetings in Brussels.

In addition to raising capital requirements for European banks and instituting a 50 percent write-off in the value of Greek bonds for private investors, European governments increased their financial guarantees for the EFSF to €780 billion and increased its lending capacity to €440 billion. The EFSF will attempt to buffer governments, such as Italy and Spain, which are solvent but suffering from liquidity problems due to the sovereign debt crisis.

“Confirmation of the highest possible credit rating shows the confidence in the strategy of the euro area to restore financial stability,” Klaus Regling, CEO of EFSF, said in a press statement.

Since the beginning of this year, the agency has issued €5 billion worth of bonds to support Ireland and €8 billion for Portugal.

EFSF intends to issue an additional €3 billion worth of bonds for Ireland “in the near future, market conditions permitting,” the statement said.