Moody’s Downgrades Anglo Irish Subordinated Debt By Six Notches

Moody’s just downgraded Anglo Irish senior unsecured debt by three notches (A3/Prime-1 to Baa3/Prime-3) and subordinated debt by six notches (Ba1 to Caa1).

Irish spreads unchanged at Fridays record highs.

Downgrade (as usual) when the market price has already ran its course.

This entry was posted on Monday, September 27th, 2010 at 3:43 am and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.


Get Adobe Flash player