S& P cuts back Ireland's rating for second time [Edition 3]
Evening Standard - London › June 08, 2009
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Summary
IRELAND had its sovereign debt rating slashed for the second time in two months, and was warned it could face further downgrades after Standard & Poor's said it would cost more than expected to bail out the country's banks.
The Irish government has been forced to pump billions of euros into three banks and a building society. S& P warned: "The rating could be lowered again if asset quality in the Irish banking system deteriorates at a faster pace than we expect."See the full content of this document
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S& P cuts back Ireland's rating for second time [Edition 3]
The ratings agency cut Ir...
See the full content of this document
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