Mixed news for Ireland from ratings agencies. Standard & Poor’s cut the country’s debt rating – again – but this time by just one notch to BBB+.
Rival agency Fitch was tougher. It warned of another downgrade from its current BBB+ on significant uncertainty over Ireland’s outlook for economic growth this year. It cited the cost of bailing out the country’s banks.
S&P was more positive on that issue giving a thumbs-up to Dublin’s latest moves to get its banks out of trouble