Fitch downgrades Ireland credit rating on negative outlook
Ireland was downgraded by Fritch Ratings today from A+ to AA- with possibility for another downgrade within 1 to 2 years due to the bleak economic and financial outlook for Ireland.
The Irish government is suffering to recapitalize Anglo Irish Banks and injecting more cash in Allied Irish Banks which is weighing on the euro zone
Wednesday, October 6, 2010
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