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gruffydd

Moody's Cuts Irish Banks To Junk - Eeeeek

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http://www.bbc.co.uk/news/business-13112488

Credit ratings agency Moody's has downgraded its rating of Irish banks to junk status, adding renewed pressure on the eurozone's weaker countries.

It follows last week's downgrading by Moody's of the Irish Republic's sovereign debt rating.

Moody's downgraded the long-term bank deposit ratings of Allied Irish Banks, EBS and Irish Life & Permanent by two notches to Ba2

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http://www.bbc.co.uk/news/business-13112488

Credit ratings agency Moody's has downgraded its rating of Irish banks to junk status, adding renewed pressure on the eurozone's weaker countries.

It follows last week's downgrading by Moody's of the Irish Republic's sovereign debt rating.

Moody's downgraded the long-term bank deposit ratings of Allied Irish Banks, EBS and Irish Life & Permanent by two notches to Ba2

Only 6 or 7 years too late..

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Only 6 or 7 years too late..

Somebody should rate the raters as junk, their ratings have been wothless and were instrumental in all of this - but they got paid a fortune to make those ratings.

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Somebody should rate the raters as junk, their ratings have been wothless and were instrumental in all of this - but they got paid a fortune to make those ratings.

Are there still a raft of contracts linked to their ratings though?

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Somebody should rate the raters as junk, their ratings have been wothless and were instrumental in all of this - but they got paid a fortune to make those ratings.

The very existence of ratings agencies seems bizarre to me, since they have (as far as I can tell) no skin in the game.

It's a bit like having a 'Used Car Ratings agency', paid for by the user car industry, that certifies the condition of used cars.. but with zero comeback, so their 'AAA+' rated car can fall apart clown-car-style 50 yards down the road and they won't even notice..

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The very existence of ratings agencies seems bizarre to me, since they have (as far as I can tell) no skin in the game.

It's a bit like having a 'Used Car Ratings agency', paid for by the user car industry, that certifies the condition of used cars.. but with zero comeback, so their 'AAA+' rated car can fall apart clown-car-style 50 yards down the road and they won't even notice..

Or a NHBC 10 year guarantee.

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  • 312 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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