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Downgrade

# downgrade - Wednesday 18 December, 2013

Moody’s downgrades Bank of Ireland’s deposit ratings

The investment service said the results of the stress test that will be undertaken by the ECB next year are “difficult to anticipate”.

# downgrade - Saturday 1 December, 2012

Eurozone’s new bailout fund loses AAA credit rating

The European Stability Mechanism has been downgraded by Moody’s, following a similar drop for France.

# downgrade - Saturday 3 November, 2012

From TheJournal.ie Proposals to downgrade Waterford Regional Hospital to county status Downgrade

Proposals to downgrade Waterford Regional Hospital to county status

Proposals outlined this week could see the hospital’s structure broken up and aligned with Cork University Hospital.

# downgrade - Tuesday 26 June, 2012

Moody’s downgrades 28 Spanish banks over debt concerns

Banks downgraded last night include one of the eurozone’s biggest – Banco Santander.

# downgrade - Thursday 14 June, 2012

From TheJournal.ie The 5 at 5: Thursday Take 5

The 5 at 5: Thursday

5 minutes, 5 stories, 5 o’clock.

Spanish borrowing costs hit record level

Moody’s downgraded Spanish debt to within one notch of ‘junk’ status yesterday.

Moody’s drives Cyprus towards junk status with two-notch downgrade

The credit ratings agency has said that it has placed Cyprus’ rating on review for further possible downgrade.

# downgrade - Monday 30 April, 2012

Record unemployment, rating downgrade and now Spain is back in recession

Spanish banks are now discussing creating a private entity to assume control of their toxic assets though there would be no taxpayer involvement in such a creation.

# downgrade - Friday 27 April, 2012

Bad day for Spain: Record unemployment AND a credit downgrade

Almost one quarter of the workforce is unemployed, according to the latest figures out today.

# downgrade - Thursday 15 March, 2012

Fitch downgrades UK outlook to negative

The nation has held onto its AAA rating but has been warned it could lose its top rating if cut-backs are eased.

# downgrade - Tuesday 28 February, 2012

S&P downgrades Greece into ‘selective default’ territory

The ratings agency demonstrates it can read, by officially acknowledging that Greece’s bond-swap is a ‘selective default’.

# downgrade - Tuesday 14 February, 2012

Interest rates plunge as Italy raises €6 billion in new auction

What downgrade? Italy flogs billions in 12-year bonds with interest rates falling dramatically on a similar bond last month.

Moody’s downgrades six European countries – and warns of more to come

France and the UK were both warned that they could lose their coveted AAA credit rating.

# downgrade - Monday 13 February, 2012

Two ratings agencies downgrade Spanish banks

Fitch cut the ratings on four of Spain’s financial institutions – while S&P downgraded 15.

# downgrade - Tuesday 17 January, 2012

EU bailout fund overcomes downgrade with successful bond auction

The EFSF sells six-month bills with an average interest rate of 0.2664 per cent – despite being downgraded yesterday.

Spain raises nearly €5bn in successful short-term bond auction

Spain sees the interest rate for 12-month bonds fall significantly, while Belgium has mixed results in an auction of its own.

# downgrade - Monday 16 January, 2012

Bailout costs likely to rise after S&P downgrades EU fund

Standard & Poor’s downgrades the European Financial Stability Fund, meaning our future loans will probably cost us more.

Back with a bang: ECB bought €3.77 billion of bonds last week

After slowly winding down its programme of hoovering up eurozone debt, the ECB was called back into action in a big way.

Safe: Moody’s says it will maintain France’s AAA rating

It follows Standard & Poor’s downgrade of France and others on Friday.

Markets dip over eurozone worries after S&P downgrades

The ratings agency said it doesn’t believe European leaders are doing enough to tackle the ongoing crisis.

# downgrade - Sunday 15 January, 2012

Standard & Poor’s defends mass European downgrade

The US-based credit rating agency has defended its decision after a sharp European backlash yesterday against its move to downgrade nine EU countries.

# downgrade - Saturday 14 January, 2012

Rehn slams ‘inconsistent’ credit rating downgrade

The European Commissioner for Economic and Monetary affairs has strongly criticised yesterday’s decision by Standard & Poor’s, saying that member states had been taking “decisive action in all fronts” to stem the debt crisis.

# downgrade - Friday 13 January, 2012

S&P runs riot in the eurozone: France loses AAA rating as Portugal turns to junk

A French downgrade is bad news for us, too – because Europe’s bailout fund is also likely to be downgraded by S&P.

From TheJournal.ie The Daily Fix: Friday Daily Fix

The Daily Fix: Friday

In tonight’s fix: Downgrades for France – and difficulty for us? Plus: yet more rows over septic tanks, victory for workers at La Senza, and every presentation you’ve ever seen…

# downgrade - Thursday 29 December, 2011

Recessions, downgrades and Super Mario – 2011: the year in money Review 2011 This post contains images

Recessions, downgrades and Super Mario – 2011: the year in money

2011 may be remembered in future as the year we sorted out the financial crisis – or the year in which it grew beyond our control.

# downgrade - Monday 12 December, 2011

Second ratings agency set to downgrade EU member states

Moody’s follows the lead of Standard & Poor’s, complaining about “the absence of measures to stabilise credit markets”.

# downgrade - Friday 9 December, 2011

Three top French banks downgraded by Moody’s

The ratings agency says the ongoing euro crisis means the eurozone is a “fragile operating environment for European banks” at the moment.

# downgrade - Wednesday 19 October, 2011

Moody’s downgrades Spain’s credit rating

European leaders are feeling the pressure today as Spain becomes the latest country to experience a credit rating downgrade.

# downgrade - Friday 7 October, 2011

UK and Portuguese banks downgraded by Moody’s

Twelve banks in the UK and nine in Portugal have been downgraded after Moody’s reassessed the financial institutions’ support environment.

# downgrade - Tuesday 20 September, 2011

Italy’s credit rating slashed by Standard and Poor’s

The agency said a “weakening” economy and fragile government were putting the country at risk.

# downgrade - Tuesday 23 August, 2011

S&P boss steps down, weeks after unprecedented US downgrade

Deven Sharma, the president of Standard & Poor’s, will step down within a month after facing criticism for lowering the US’s rating.

# downgrade - Tuesday 16 August, 2011

Fitch: We’re not going to remove the US’s AAA rating

Fitch and Moody’s say they’ll be letting Standard & Poor’s go on a solo run – with two of the three agencies refusing to downgrade.

# downgrade - Saturday 13 August, 2011

How did ratings agencies become so powerful? Trains and recessions, that’s how

In the aftermath of the debt downgrade, people are wondering how S&P and the likes became so powerful. Here’s the answer.

# downgrade - Friday 12 August, 2011

US markets watchdog investigating alleged insider trading at S&P

The Securities and Exchange Commission is reportedly asking Standard & Poor’s to account for anyone who knew about the US downgrade.

# downgrade - Monday 8 August, 2011

Dow disaster: 632-point drop is the 6th-worst in history

The Dow Jones ends its day deep in the red, as the S&P loses 6.6 per cent and the NASDAQ sheds nearly 7 per cent of its value.

From TheJournal.ie Take 5: Monday Take 5

Take 5: Monday

5 stories, 5 minutes, 5 o’clock.

US markets continue nosedive as investors dump shares for bonds

The US bond market responds brilliantly to the S&P downgrade, but the world’s stock markets are the obvious victims.

# downgrade - Monday 25 July, 2011

Greek debt rating cut as Moody’s warns of default

The likelihood of a Greek debt default “is virtually 100 per cent”, according to the atings agency.

# downgrade - Tuesday 5 July, 2011

Moody’s downgrades Portugal to junk

Fears of a second bailout mean the outlook on Portuguese debt isn’t so good…

# downgrade - Friday 24 June, 2011

Ratings agency gets Moody on Anglo… again

Unguaranteed bonds in Anglo and Irish Nationwide now lie eight notches below the junk threshold.

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