Ireland - Full Rating Report - 2009/11/05 - Fitch Research

Report title: Ireland

from Fitch Research
14 page (8949 word) report published Nov 05, 2009

Price $425.00 available for immediate download

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About Fitch Research

...The decision to downgrade Ireland's sovereign ratings to `AA-' reflects the severe impact of the credit cycle on its economy, banking system and public finances. A fierce economic adjustment is underway, with nominal GDP expected to fall a cumulative 14% between 2007 and 2010, exacerbated by deflationary and procyclical budget tightening introduced as an emergency response to the crisis....

Report Type:

Full Rating Report

Company(ies):

Government of Republic of Ireland

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Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.

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Fitch Downgrades Ireland's Sovereign Rating to 'AA-'; Outlook Stable $85.00
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Fitch Downgrades Ireland's Sovereign Rating to 'AA+'; Outlook Negative $85.00
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Fitch Places Ireland on Rating Watch Negative $85.00

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