A day after Moody’s Investors Service announced it was putting Ireland under review for a possible downgrade, Fitch Ratings lowered the country’s credit grade to A+ from AA-. Fitch’s downgrade was prompted by the Irish government’s announcement last week that it’s pledging more money — as much as €50 billion — to save Ireland’s banks. The downgrade was further fueled by uncertainty over the…
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Fitch Downgrades Ireland originally appeared on DailyFinance on Wed, 06 Oct 2010 10:20:00.