Ireland Credit Rating Cut Two Notches By S&P

Bloomberg link: Ireland Rating Cut Two Steps by S&P as `Barbarians’ Gather.

S&P cut Ireland’s long-term rating to A from AA- and the short-term grade to A-1 from A-1+, the statement said. The reduction leaves its long-term grade five steps above Greece, which has the highest junk, or high-risk, grade.

The country is in the process of being bailed out and they have an A rating on it?

This entry was posted on Wednesday, November 24th, 2010 at 4:10 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.

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