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Moody's Downgrades Ireland's Credit Rating

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Moody's cuts Ireland's credit rating

Jul 2, 2009, 7:21 a.m. EST

By William L. Watts LONDON (MarketWatch) -- Credit-rating agency Moody's Investors Service on Thursday stripped Ireland of its Aaa government bond rating. The agency lowered the rating to Aa1 and said the outlook for Ireland remained negative. "The pronounced weakness in the economic activity has been translating into a severe deterioration of Ireland's public finances, and the country is set to emerge from the current economic crisis with a considerably higher debt burden for the foreseeable future," said Dietmar Hornung, a senior analyst in Moody's Sovereign Risk Group, in a news release.

http://www.marketwatch.com/story/moodys-cu...s-credit-rating

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Yeah but, no but, it's different here.

Our house prices are going up again and we're borrowing so much that we'll all be wealthy.

:lol:

How long until UK plc loses its AAA rating?

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Guest KingCharles1st

"and the country is set to emerge from the current economic crisis with a considerably higher debt burden for the foreseeable future,"

Errrr

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The Irish have slashed spending as well.

Well, there you go. The Irish obviously don't have a clue what to do, which is why they've been downgraded and we haven't.

Prudence has been given a pair of concrete wellingtons and pushed off the end of the pier.

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  • 395 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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