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Ireland's credit rating downgraded by Moody's

20-Dec-2010 1:43 PM

Ireland’s credit rating was downgraded five levels by Moody’s Investors Service and further downgrades are possible as the government struggles to contain losses in the country’s banking system (Reuters/Bloomberg, 17-Dec-2010. The rating was lowered from Aa2 to Baa1 with a "negative" rating outlook.