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You are here : World News – Russian opinion» Economy» Ireland lost the credit rating of "A"-category

Ireland lost the credit rating of "A"-category

Posted By Russian Opinion. Under Economy  Tags: Economy  

23315323 Ireland lost the credit rating of "A" category

International agency Standard & Poor's downgraded the credit rating of Ireland's long-term liabilities by one notch to "A-" to "BBB +". On April 1 this tells portal MarketWatch. Outlooks Ireland changed from "negative" to "stable." Thus, in the near future, another downgrade in the S & P believes it unlikely, said Agence France-Presse. Downgrade occurred a day after the stress tests of the Irish banks have shown that financial institutions need additional $ 34 billion. This is believed to S & P, may indicate that Ireland will take a loan from the European mechanism for stability (European Stability Mechanism), which will replace the currently existing fund to rescue victims of the debt crisis countries. Earlier it was reported that the salvation of the Irish banks have already cost local taxpayers at 46 billion euros. In this case, Anglo Irish Bank – one of the largest banks in Ireland – was up to the 2010 loss of 16.7 billion euros. Despite this, the other European states, which are significantly affected by the crisis, the ratings are lower than in Ireland. Thus, in Portugal, he is at 'BBB-', and the S & P downgraded the country twice in the end of March, and in Greece – at 'BB-'. It is even less than that of Egypt, which in early 2011, clashes broke out between government forces and opposition, triggering a wave of demonstrations in the Middle East countries. Russia has a credit rating is at 'BBB', ie it one notch higher than that of Portugal, and one lower than that of Ireland.

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