Post by corrupteire on Aug 31, 2012 11:19:13 GMT -5
The Troika gave us a pat on the head the other day, told us we were good little boys and girls and that the Austerity measures imposed on us pleased them very much.
Wow, I hear you say, the economy must be picking up.
Not so according to latest retail figures see here, and now ratings agency Standard and Poor`s say this,
" Ireland's outlook remains negative although its credit rating is unchanged.
The BBB+ rating is two notches above so-called "junk bond" status."
Standard & Poor's has said Ireland's outlook remains negative although its credit rating is unchanged.
The BBB+ rating is two notches above so-called "junk bond" status.
Managing Director of sovereign ratings at Standard and Poor's, Moritz Kraemer, has described the Irish referendum on the Fiscal Treaty as a 'flashpoint' for the euro zone.
S&P says that the rating could come under pressure if Ireland were to lose access to funding from the ESM following a referendum.
The ratings agency Standard & Poor's has praised the Government's approach to the debt crisis but Ireland's credit rating remains unchanged and said that it's outlook remains negative.
The agency says that the negative outlook reflects their view that there is at least a one-in-three chance that they could lower the rating in 2012 or 2013.
S&P says that the rating could come under pressure if Ireland were to lose access to funding from the European Stability Mechanism following a referendum on May 31, 2012.
Ireland is rated by BBB+ by the ratings agency, two notches above so-called 'junk bond' status.
www.rte.ie/news/2012/0427/sp-leaves-ireland-credit-rating-unchanged.html