Friday, December 17, 2010

Moody's Cuts Ireland's Debt Rating by 5 Notches

....to Baaa. Not only did Moody's remove Ireland's A status but it continues a negative outlook on the debt, an indication that a further downgrade is quite possible.

The yield spread on Irish bonds over German Bunds is now 551 basis points.
at 9:26:00 AM

1 comment:

  1. Bob EnglishDecember 17, 2010 at 1:07 PM

    Importantly, Bund yields themselves have been rising for several months.

    ReplyDelete

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