# downgrade - Saturday 1 December, 2012
The European Stability Mechanism has been downgraded by Moody’s, following a similar drop for France.
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# downgrade - Saturday 3 November, 2012
Proposals outlined this week could see the hospital’s structure broken up and aligned with Cork University Hospital.
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# downgrade - Tuesday 26 June, 2012
Banks downgraded last night include one of the eurozone’s biggest – Banco Santander.
# downgrade - Thursday 14 June, 2012
5 minutes, 5 stories, 5 o’clock.
Moody’s downgraded Spanish debt to within one notch of ‘junk’ status yesterday.
The credit ratings agency has said that it has placed Cyprus’ rating on review for further possible downgrade.
# downgrade - Monday 30 April, 2012
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.
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# downgrade - Friday 27 April, 2012
Almost one quarter of the workforce is unemployed, according to the latest figures out today.
# downgrade - Thursday 15 March, 2012
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
The ratings agency demonstrates it can read, by officially acknowledging that Greece’s bond-swap is a ‘selective default’.
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# downgrade - Tuesday 14 February, 2012
What downgrade? Italy flogs billions in 12-year bonds with interest rates falling dramatically on a similar bond last month.
France and the UK were both warned that they could lose their coveted AAA credit rating.
# downgrade - Monday 13 February, 2012
Fitch cut the ratings on four of Spain’s financial institutions – while S&P downgraded 15.
# downgrade - Tuesday 17 January, 2012
From Business ETC EFSF
The EFSF sells six-month bills with an average interest rate of 0.2664 per cent – despite being downgraded yesterday.
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
Standard & Poor’s downgrades the European Financial Stability Fund, meaning our future loans will probably cost us more.
After slowly winding down its programme of hoovering up eurozone debt, the ECB was called back into action in a big way.
It follows Standard & Poor’s downgrade of France and others on Friday.
The ratings agency said it doesn’t believe European leaders are doing enough to tackle the ongoing crisis.
# downgrade - Sunday 15 January, 2012
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
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.
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# downgrade - Friday 13 January, 2012
A French downgrade is bad news for us, too – because Europe’s bailout fund is also likely to be downgraded by S&P.
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In tonight’s fix: Downgrade s 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 Review 2011
This post contains images
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
Moody’s follows the lead of Standard & Poor’s, complaining about “the absence of measures to stabilise credit markets”.
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# downgrade - Friday 9 December, 2011
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
European leaders are feeling the pressure today as Spain becomes the latest country to experience a credit rating downgrade.
# downgrade - Friday 7 October, 2011
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
The agency said a “weakening” economy and fragile government were putting the country at risk.
# downgrade - Tuesday 23 August, 2011
Deven Sharma, the president of Standard & Poor’s, will step down within a month after facing criticism for lowering the US’s rating.
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# downgrade - Tuesday 16 August, 2011
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
In the aftermath of the debt downgrade, people are wondering how S&P and the likes became so powerful. Here’s the answer.
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# downgrade - Friday 12 August, 2011
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
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.
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5 stories, 5 minutes, 5 o’clock.
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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
The likelihood of a Greek debt default “is virtually 100 per cent”, according to the atings agency.
# downgrade - Tuesday 5 July, 2011
Fears of a second bailout mean the outlook on Portuguese debt isn’t so good…
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# downgrade - Friday 24 June, 2011
Unguaranteed bonds in Anglo and Irish Nationwide now lie eight notches below the junk threshold.
# downgrade - Tuesday 14 June, 2011
Nine things to know this morning, including: the funeral of the late Brian Lenihan; Greece has lowest-rated credit in the world; and what women really want…
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Clouds and sun
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Some sun with a couple of showers; cool
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Partly sunny
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