Moody’s downgrades Ireland rating

Moody’s, the ratings agency, downgraded Ireland’s government bond ratings on the 19 July 2010 because of the country’s deteriorating public finances.

The ratings agency has also changed the outlook on the ratings of the government of Ireland from negative to stable as Moody’s now views the upside and downside risks as being evenly balanced at the current rating level.

Irish Times, 19.7.10: Ireland's credit rating downgraded by Moody's http://www.irishtimes.com/newspaper/breaking/2010/0719/breaking7.html?via=mr

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