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Ireland's debt downgraded to junk

Business Materials 13 July 2011 03:08
Ireland's bond rating was cut to non-investment grade on Tuesday by Moody's rating agency, making it the third euro-area country lowered to junk status after Portugal and Greece
Ireland's debt downgraded to junk

Ireland's bond rating was cut to non-investment grade on Tuesday by Moody's rating agency, making it the third euro-area country lowered to junk status after Portugal and Greece, dpa reported.

The Irish rating was lowered to Ba1 from Baa3, Moody's said in a statement. Portugal's rating was cut four levels to Ba2 on July 5 by Moody's.

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