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Sunday 24 October 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.
WE’RE JUST ONE week out from the scariest night of the year.
Many people decorate their homes every Halloween, while others mightn’t bother.
After the last 18 months, however, some of those who never decorate their house for Halloween might be tempted to have a bit of fun and do the place up this year.
Cobwebs, ghouls and goblins, a scary pumpkin, there’s plenty of inspiration around at the moment as more and more people gear up for the 31st.
This morning, we want to know… Have you decorated your house for Halloween?
Poll Results:
Share your story: voices@thejournal.ie
Partly sunny, showers around in the p.m.
Max: 16 °C
Min: 7 °C
Mostly cloudy with a couple of showers
Max: 12 °C
Min: 8 °C
A shower or two; breezy in the afternoon
Max: 17 °C
Min: 14 °C
