Ireland's debt rating under threat as economy contracts

[BoyRacer]

Ireland’s debt rating under threat as economy contracts → irishtimes.com/newspaper/bre … ing26.html

Rating agency Fitch tonight warned it may downgrade Ireland and five other euro zone countries in the absence of a comprehensive solution to the region’s debt crisis which it concluded may now be “technically and politically beyond reach”.

The agency placed the ratings of Belgium, Spain, Slovenia, Italy, Ireland and Cyprus in credit watch “negative”, which means a downgrade is possible within three months.

Fitch also signalled it had placed its “outlook” on the long-term rating of France to negative from stable. However, it affirmed the country’s senior debt rating at AAA.

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[lord_vader]

shock horror ireland might have to default! and in the rest of last years news…