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Moody's cuts Ireland credit rating to junk status [View All]

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Bosonic Donating Member (774 posts) Send PM | Profile | Ignore Tue Jul-12-11 04:19 PM
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Moody's cuts Ireland credit rating to junk status
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Source: Irish Times

Moody's has tonight cut Ireland's credit rating to junk.

The ratings agency said it was downgrading the country's bond ratings by one notch to Ba1 from Baa3 with a negative outlook.

Ireland joins Portugal and Greece in becoming the third euro zone country to have its ratings cut to junk. Portugal's rating was cut four levels to Ba2 just over a week ago.


Read more: http://www.irishtimes.com/newspaper/breaking/2011/0712/breaking54.html
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