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Dublin: 5 °C Thursday 2 October, 2014

#Downgrade

# downgrade - Tuesday 20 May, 2014

Reilly: It would be unsafe to close Navan’s Emergency Department… right now

The health minister said the department would only close if it was there was capacity elsewhere in the system.

# downgrade - Wednesday 18 December, 2013

From Business ETC Moody’s downgrades Bank of Ireland’s deposit ratings Downgrade

Moody’s downgrades Bank of Ireland’s deposit ratings

The investment service said the results of the stress test that will be undertaken by the ECB next year are “difficult to anticipate”.

# downgrade - Saturday 1 December, 2012

From Business ETC Eurozone’s new bailout fund loses AAA credit rating Downgrade

Eurozone’s new bailout fund loses AAA credit rating

The European Stability Mechanism has been downgraded by Moody’s, following a similar drop for France.

# downgrade - Saturday 3 November, 2012

Proposals to downgrade Waterford Regional Hospital to county status

Proposals outlined this week could see the hospital’s structure broken up and aligned with Cork University Hospital.

# downgrade - Tuesday 26 June, 2012

From Business ETC Moody’s downgrades 28 Spanish banks over debt concerns Downgraded

Moody’s downgrades 28 Spanish banks over debt concerns

Banks downgraded last night include one of the eurozone’s biggest – Banco Santander.

# downgrade - Thursday 14 June, 2012

The 5 at 5: Thursday

5 minutes, 5 stories, 5 o’clock.

From Business ETC Spanish borrowing costs hit record level Spain

Spanish borrowing costs hit record level

Moody’s downgraded Spanish debt to within one notch of ‘junk’ status yesterday.

From Business ETC Moody’s drives Cyprus towards junk status with two-notch downgrade Cyprus

Moody’s drives Cyprus towards junk status with two-notch downgrade

The credit ratings agency has said that it has placed Cyprus’ rating on review for further possible downgrade.

# downgrade - Monday 30 April, 2012

From Business ETC Record unemployment, rating downgrade and now Spain is back in recession Spain

Record unemployment, rating downgrade and now Spain is back in recession

Spanish banks are now discussing creating a private entity to assume control of their toxic assets though there would be no taxpayer involvement in such a creation.

# downgrade - Friday 27 April, 2012

From Business ETC Bad day for Spain: Record unemployment AND a credit downgrade Recession

Bad day for Spain: Record unemployment AND a credit downgrade

Almost one quarter of the workforce is unemployed, according to the latest figures out today.

# downgrade - Thursday 15 March, 2012

From Business ETC Fitch downgrades UK outlook to negative Credit Ratings

Fitch downgrades UK outlook to negative

The nation has held onto its AAA rating but has been warned it could lose its top rating if cut-backs are eased.

# downgrade - Tuesday 28 February, 2012

From Business ETC S&P downgrades Greece into ‘selective default’ territory Downgrade

S&P downgrades Greece into ‘selective default’ territory

The ratings agency demonstrates it can read, by officially acknowledging that Greece’s bond-swap is a ‘selective default’.

# downgrade - Tuesday 14 February, 2012

From Business ETC Interest rates plunge as Italy raises €6 billion in new auction Downgrade

Interest rates plunge as Italy raises €6 billion in new auction

What downgrade? Italy flogs billions in 12-year bonds with interest rates falling dramatically on a similar bond last month.

From Business ETC Moody’s downgrades six European countries – and warns of more to come Credit Rating

Moody’s downgrades six European countries – and warns of more to come

France and the UK were both warned that they could lose their coveted AAA credit rating.

# downgrade - Monday 13 February, 2012

From Business ETC Two ratings agencies downgrade Spanish banks Downgraded

Two ratings agencies downgrade Spanish banks

Fitch cut the ratings on four of Spain’s financial institutions – while S&P downgraded 15.

# downgrade - Tuesday 17 January, 2012

From Business ETC EU bailout fund overcomes downgrade with successful bond auction EFSF

EU bailout fund overcomes downgrade with successful bond auction

The EFSF sells six-month bills with an average interest rate of 0.2664 per cent – despite being downgraded yesterday.

From Business ETC Spain raises nearly €5bn in successful short-term bond auction Bondwatch

Spain raises nearly €5bn in successful short-term bond auction

Spain sees the interest rate for 12-month bonds fall significantly, while Belgium has mixed results in an auction of its own.

# downgrade - Monday 16 January, 2012

From Business ETC Bailout costs likely to rise after S&P downgrades EU fund Downgrade

Bailout costs likely to rise after S&P downgrades EU fund

Standard & Poor’s downgrades the European Financial Stability Fund, meaning our future loans will probably cost us more.

From Business ETC Back with a bang: ECB bought €3.77 billion of bonds last week Bond Markets

Back with a bang: ECB bought €3.77 billion of bonds last week

After slowly winding down its programme of hoovering up eurozone debt, the ECB was called back into action in a big way.

From Business ETC Safe: Moody’s says it will maintain France’s AAA rating Moody's

Safe: Moody’s says it will maintain France’s AAA rating

It follows Standard & Poor’s downgrade of France and others on Friday.

From Business ETC Markets dip over eurozone worries after S&P downgrades Markets

Markets dip over eurozone worries after S&P downgrades

The ratings agency said it doesn’t believe European leaders are doing enough to tackle the ongoing crisis.

# downgrade - Sunday 15 January, 2012

From Business ETC Standard & Poor’s defends mass European downgrade Eurozone

Standard & Poor’s defends mass European downgrade

The US-based credit rating agency has defended its decision after a sharp European backlash yesterday against its move to downgrade nine EU countries.

# downgrade - Saturday 14 January, 2012

From Business ETC Rehn slams ‘inconsistent’ credit rating downgrade Eurozone

Rehn slams ‘inconsistent’ credit rating downgrade

The European Commissioner for Economic and Monetary affairs has strongly criticised yesterday’s decision by Standard & Poor’s, saying that member states had been taking “decisive action in all fronts” to stem the debt crisis.

# downgrade - Friday 13 January, 2012

From Business ETC S&P runs riot in the eurozone: France loses AAA rating as Portugal turns to junk Downgrade

S&P runs riot in the eurozone: France loses AAA rating as Portugal turns to junk

A French downgrade is bad news for us, too – because Europe’s bailout fund is also likely to be downgraded by S&P.

The Daily Fix: Friday

In tonight’s fix: Downgrades for France – and difficulty for us? Plus: yet more rows over septic tanks, victory for workers at La Senza, and every presentation you’ve ever seen…

# downgrade - Thursday 29 December, 2011

From Business ETC Recessions, downgrades and Super Mario – 2011: the year in money Review 2011 This post contains images

Recessions, downgrades and Super Mario – 2011: the year in money

2011 may be remembered in future as the year we sorted out the financial crisis – or the year in which it grew beyond our control.

# downgrade - Monday 12 December, 2011

From Business ETC Second ratings agency set to downgrade EU member states Credit Ratings

Second ratings agency set to downgrade EU member states

Moody’s follows the lead of Standard & Poor’s, complaining about “the absence of measures to stabilise credit markets”.

# downgrade - Friday 9 December, 2011

From Business ETC Three top French banks downgraded by Moody’s Downgrade

Three top French banks downgraded by Moody’s

The ratings agency says the ongoing euro crisis means the eurozone is a “fragile operating environment for European banks” at the moment.

# downgrade - Wednesday 19 October, 2011

From Business ETC Moody’s downgrades Spain’s credit rating Debt Crisis

Moody’s downgrades Spain’s credit rating

European leaders are feeling the pressure today as Spain becomes the latest country to experience a credit rating downgrade.

# downgrade - Friday 7 October, 2011

From Business ETC UK and Portuguese banks downgraded by Moody’s Downgrade

UK and Portuguese banks downgraded by Moody’s

Twelve banks in the UK and nine in Portugal have been downgraded after Moody’s reassessed the financial institutions’ support environment.

# downgrade - Tuesday 20 September, 2011

From Business ETC Italy’s credit rating slashed by Standard and Poor’s Italy

Italy’s credit rating slashed by Standard and Poor’s

The agency said a “weakening” economy and fragile government were putting the country at risk.

# downgrade - Tuesday 23 August, 2011

From Business ETC S&P boss steps down, weeks after unprecedented US downgrade Power Struggle

S&P boss steps down, weeks after unprecedented US downgrade

Deven Sharma, the president of Standard & Poor’s, will step down within a month after facing criticism for lowering the US’s rating.

# downgrade - Tuesday 16 August, 2011

From Business ETC Fitch: We’re not going to remove the US’s AAA rating Fitch

Fitch: We’re not going to remove the US’s AAA rating

Fitch and Moody’s say they’ll be letting Standard & Poor’s go on a solo run – with two of the three agencies refusing to downgrade.

# downgrade - Saturday 13 August, 2011

From Business ETC How did ratings agencies become so powerful? Trains and recessions, that’s how Ratings Agency

How did ratings agencies become so powerful? Trains and recessions, that’s how

In the aftermath of the debt downgrade, people are wondering how S&P and the likes became so powerful. Here’s the answer.

# downgrade - Friday 12 August, 2011

From Business ETC US markets watchdog investigating alleged insider trading at S&P Insider Trading

US markets watchdog investigating alleged insider trading at S&P

The Securities and Exchange Commission is reportedly asking Standard & Poor’s to account for anyone who knew about the US downgrade.

# downgrade - Monday 8 August, 2011

From Business ETC Dow disaster: 632-point drop is the 6th-worst in history In The Red

Dow disaster: 632-point drop is the 6th-worst in history

The Dow Jones ends its day deep in the red, as the S&P loses 6.6 per cent and the NASDAQ sheds nearly 7 per cent of its value.

Take 5: Monday

5 stories, 5 minutes, 5 o’clock.

From Business ETC US markets continue nosedive as investors dump shares for bonds Markets

US markets continue nosedive as investors dump shares for bonds

The US bond market responds brilliantly to the S&P downgrade, but the world’s stock markets are the obvious victims.

# downgrade - Monday 25 July, 2011

From Business ETC Greek debt rating cut as Moody’s warns of default Greece

Greek debt rating cut as Moody’s warns of default

The likelihood of a Greek debt default “is virtually 100 per cent”, according to the atings agency.

# downgrade - Tuesday 5 July, 2011

From Business ETC Moody’s downgrades Portugal to junk Downgraded

Moody’s downgrades Portugal to junk

Fears of a second bailout mean the outlook on Portuguese debt isn’t so good…

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