Jump to content
House Price Crash Forum
Sign in to follow this  
MOP

Moody's Downgrades Ireland's Credit Rating

Recommended Posts

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

Share this post


Link to post
Share on other sites

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?

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   285 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.