Posted by Curt on 12 July, 2011 at 7:15 pm. Be the first to comment!


Ratings agency Moody’s has cut the Republic of Ireland’s debt rating to junk status.

Moody’s said its decision was based on the “growing possibility” that Ireland would need a second bail-out before it can return to capital markets.

The current European Union and International Monetary Fund support programme is due to end in late 2013.

It comes at a time when markets fear the debt crisis in the eurozone could spread to Italy and Spain.

Read more

0 0 votes
Article Rating
Would love your thoughts, please comment.x