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Article: IRELAND: MOODY'S DOWNGRADES IRELAND TO AA1; OUTLOOK NEGATIVE.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- July 6, 2009
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Moody's Investors Service has today downgraded Ireland's government bond ratings to Aa1 from Aaa. The outlook is negative. The rationale behind the downgrade stems from three key drivers of our credit analysis regarding debt: affordability, financeability and reversibility -- which for Ireland are weakened as compared to Aaa peers. "The review process focused on the nature of the policy response and the extent to which the Irish economic model was durably affected by a sudden and brutal economic and financial adjustment," said Dietmar Hornung, a Vice President - Senior Analyst in Moody's Sovereign Risk Group. "These are the key parameters for our assessment of ...
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Article: The cost of hedging against losses on Ireland's government ...
Irish Independent (Dublin, Republic of Ireland);
January 31, 2009 ;
700+ words
... ... Credit-default swaps on Ireland also cost more than contracts ... likely to significantly affect Ireland's economic strength and ... country's rating peers . Dietmar Hornung, a senior analyst at Moody ... Allied Irish Banks, Bank of Ireland and Anglo Irish Bank. Anglo ...
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