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Crisis-hit Portugal, Ireland ratings cutCredit rating agency Fitch has downgraded Portugal saying the debt-laden country needed a bailout, while rival agency S&P cut Ireland's rating after bank stress tests revealed another black hole. Despite a successful Portugues More… |
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Moodys cuts Ireland ratingsMoody's downgraded Ireland's sovereign bond rating by one notch to Aa2 on Monday, citing weaker growth prospects and the high costs of rebuilding the country's crisis-hit banking system. The rating agency, which cut Ireland from Aa1, said More… |
