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Friday 24 March 2023 Dublin: 7°C

# Moody's

All time
The 9 at 9: Monday
Nine things you need to know by 9am: Enda’s “charm offensive” continues, MORE bad news for Irish banks, and a new €430m ski resort in… Louth?
Ireland's credit rating cut again to the same level as Iceland, Tunisia, and Romania
Ireland’s rating is one notch off junk status after the latest forecast by Moody’s which doesn’t offer much hope for the future.
# Portugal
Portugal facing choppy waters after Moody's debt downgrade
The ratings agency cuts the rating it gives to Portuguese government debt, down two notches from A1 and A3.
# Ratings Agencies
Greece seeks EU action on ratings agencies
Greece has asked the EU to urgently reform the way ratings agencies conduct business, after both it and Spain suffered a further downgrading by Moody’s.
# Debt
Moody's downgrades Greece again but says Irish ratings cut is not imminent
The ratings agency is closely monitoring Ireland’s attempt to negotiate better terms on the EU/IMF deal – but has said it did not have imminent plans to downgrade Ireland.
# Bond Markets
Moody's cuts Irish rating by FIVE notches
Ireland goes from Aa2 to Baa1 in one swoop – and now lies just a few notches above being officially ‘junk’.
# Spanish economy
Moody's warns of downgrade to Spanish debt
The ratings agency says it’s considering a downgrade for Spain – but the news doesn’t make a major impact on bond markets.
# What Next?
Moodys warns of further downgrade of Ireland's credit rating
Yes, more good news on the back of that bailout: ratings agency Moody’s says bailout could be “credit negative” for Ireland.
# Bond Markets
Bond yields creep back up on Moody's rumours
As Moody’s considers downgrading Ireland’s credit rating again, the cost of government borrowing goes back up.
# Uh-Oh
Moody's warns Ireland's credit rating may be cut
The increased cost of bailing out the banks may mean that Moody’s will downgrade Ireland credit rating once again.
# Spain
Moody's downgrades Spain's credit rating
And the price of the country’s 10-year bonds fall. Yes, fall.
# Moody's
Moody's downgrade rating of Anglo Irish bonds
The ratings agency cites concerns over the liquidity of Anglo’s commercial assets for downgrading from AAA to AA2.
# Economy
Bank of Ireland likely to pass stress test
# Bond Auction
Moody's downgrade hits as NTMA forced into higher interest
Today’s auction of government bonds results in more expensive yields than before.
# All Our Fault
Guess who's responsible for the Moody's downgrade?
Not the government’s significant loss of financial strength or Ireland’s deteriorating debt affordability – the media, of course.
# Irish Economy
What do Moody's ratings mean anyway?
A bluffer’s guide to credit ratings and their impact.
# Credit Rating
Agency cuts Portugal's credit rating