IPFS News Link • Economy - International
Moody's cuts Ireland on bank, growth worries
• ReutersMoody's cut Ireland's credit rating on Monday, warning the country still faces a slow climb out of recession after nearly two years of austerity as the cost of rescuing its banking sector mounts.
The rating agency's one-notch drop to Aa2 came a day ahead of a scheduled sale of up to 1.5 billion euros of Irish debt, putting Moody's on par with rival agency Standard and Poor's AA rating and still one grade above Fitch.
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