00 08/06/2009 12:43

Irish debt rating downgraded
www.irishtimes.com/newspaper/breaking/2009/0608/breaki...

The ratings agency reduced its rating from AA from AA+ with a “negative” outlook, which suggests Standard & Poor’s is more likely to cut the classification again or leave it unchanged.

Last week the Government said it would inject €4 billion into the nationalised Anglo Irish Bank, on top of the €7 billion already injected into AIB and Bank of Ireland. Anglo Irish is likely to need a further €3.5 billion if the quality of its underperforming loans continues to deteriorate.

Cerea.
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Giovanni