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Sunday 18 April 2021
Exchanging promissory notes for long-term bonds “should reduce the government’s debt-servicing costs and lower refinancing risk.”
Parliament voted in favour of the legislation today in a bid to improve the stability of financial markets.
The European Stability Mechanism has been downgraded by Moody’s, following a similar drop for France.
Ireland’s credit rating is still only BBB+, but Fitch says it’s no longer expecting to downgrade us again.
Moody’s said the mass downgrade reflected the banks’ ability repay their debts.
The ratings agency says approving the Fiscal Compact removes a risk, but doesn’t guarantee a return to the markets.
The ratings agency raised fears over the “creditworthiness” of the country and its ability to support its banks.
The nation has held onto its AAA rating but has been warned it could lose its top rating if cut-backs are eased.
Italy, Spain, Belgium, Cyprus and Slovenia have all been downgraded by the American ratings agency.
Fitch ratings agency has this evening said it is considering downgrading Ireland, Italy, Spain, Belgium, Slovenia and Cyprus by one or two notches.
Danske Bank and Rabo Bank are two of five European banks to be downgraded overnight by the ratings agency Fitch.
Moody’s follows the lead of Standard & Poor’s, complaining about “the absence of measures to stabilise credit markets”.
The agency’s latest credit ratings downgrades include Bank of America, Goldman Sachs and JPMorgan Chase.
A report in the ‘Welt on Sonntag’ newspaper says six AAA-rated countries are contemplating plans for common bonds.
The agency cuts its rating of Italy for the first time in two decades – as fears continue over over the viability of the Eurozone.
In a widely anticipated move, the credit ratings agency has downgraded Société Générale and Crédit Agricole over fears of the banks’ potential exposure to Greek debt.
China was less than kind about the US’s recent downgrading by Standard & Poor’s.
In the aftermath of the debt downgrade, people are wondering how S&P and the likes became so powerful. Here’s the answer.
Nick Leeson believes NAMA is a “necessary evil”, but says it’s time to jettison those developers who can’t work with the agency.
On a visit to Portugal, former trader Nick Leeson finds a country that will find it more difficult to recover than Ireland – and shows that Moody’s got our credit rating dive wrong.
Fitch has given Greece a CCC rating, following on from other credit rating agencies last month.
Standard & Poor’s drops Greece another three notches and says any restructure will be considered a sovereign default.
A bluffer’s guide to credit ratings and their impact.
PEOPLE IN ISRAEL no longer have to wear face masks outdoors from today as the country’s coronavirus infections continue to plummet.
The HSE’s Chief Clinical Officer, Dr Colm Henry, has previously said that transmission of Covid-19 outdoors is 19 to 20 times less likely than in indoor settings.
The wearing of face coverings is mandatory in several indoor public settings, and they are recommended in busy or crowded outdoor spaces where there is a significant congregation of people.
So today we’re asking: Do you wear a face covering in busy outdoor places?
Poll Results:
Share your story: voices@thejournal.ie
The biologist and writer shares an extract from his book Entangled Life.
Mostly cloudy with a couple of showers
Max: 11 °C
Min: 5 °C
Cloudy
Max: 12 °C
Min: 6 °C
Occasional morning rain and drizzle
Max: 11 °C
Min: 4 °C
