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Less than a week after downgrading Spain’s credit rating, Moody’s Investors Service warned it might cut Ireland’s credit rating as well. Moody’s said its decision to review Ireland’s rating was prompted by the government’s announcement last week that it was pledging more money — as much as €50 billion — to save the country’s banks, as well as the weak economic recovery and rising borrowing…

Continue reading Moody’s Warns It May Cut Ireland’s Credit Rating

Moody’s Warns It May Cut Ireland’s Credit Rating originally appeared on DailyFinance on Tue, 05 Oct 2010 07:10:00.

Filed Under: Economy