Ireland's credit rating further downgraded

Ratings agency Standard & Poor's today cut its rating on Ireland by one notch to A minus.

Ireland's credit rating further downgraded
Wed, 02 Feb, 2011 - 12:09

Ratings agency Standard & Poor's today cut its rating on Ireland by one notch to A minus.

The agency also warned that another downgrade may be possible as soon as April, as fears persist about the stability of the banking sector despite the €67bn IMF/EU bailout.

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