Tagged with: credit ratings
Moody's downgrades - an investment upgrade required
Michael Burke 19/07/2010
Michael Burke: Moody's ratings' agency has just downgraded Irish government debt. The move brings it into line with the other agencies' assessments. The Irish Times reports that a combination of factors is involved including liabilities arsing from the bank bailout, weak growth prospects and and a substantial increase in the debt/GDP ratio. …
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