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Sunday 3 December 2023 Dublin: 0°C

# Downgrade

All time
Here is the letter Enda Kenny sent to Alexis Tsipras last night
Greece is finally heading for a default on its IMF loans.
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Jun 30th 2015, 7:30 AM
Prison officers will have to travel hours with inmates if Portlaoise A&E closes
The closure will create additional risks and be more costly, said the POA.
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Jun 10th 2015, 10:25 PM
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.
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May 20th 2014, 2:42 PM
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”.
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Dec 18th 2013, 6:34 PM
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.
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Dec 1st 2012, 12:50 PM
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.
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Nov 3rd 2012, 5:53 PM
Moody's downgrades 28 Spanish banks over debt concerns
Banks downgraded last night include one of the eurozone’s biggest – Banco Santander.
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Jun 26th 2012, 9:49 AM
Evening Wrap
The 5 at 5 5 minutes, 5 stories, 5 o’clock.
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Jun 14th 2012, 4:52 PM
Spanish borrowing costs hit record level
Moody’s downgraded Spanish debt to within one notch of ‘junk’ status yesterday.
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Jun 14th 2012, 12:10 PM
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.
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Jun 14th 2012, 11:41 AM
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.
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Apr 30th 2012, 12:51 PM
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.
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Apr 27th 2012, 9:38 AM
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.
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Mar 15th 2012, 12:18 PM
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’.
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Feb 28th 2012, 7:48 AM
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.
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Feb 14th 2012, 3:28 PM
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.
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Feb 14th 2012, 7:39 AM
Two ratings agencies downgrade Spanish banks
Fitch cut the ratings on four of Spain’s financial institutions – while S&P downgraded 15.
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Feb 13th 2012, 8:27 PM
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.
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Jan 17th 2012, 12:36 PM
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.
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Jan 17th 2012, 10:00 AM
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.
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Jan 16th 2012, 6:18 PM
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.
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Jan 16th 2012, 4:31 PM
Safe: Moody's says it will maintain France's AAA rating
It follows Standard & Poor’s downgrade of France and others on Friday.
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Jan 16th 2012, 11:44 AM
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.
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Jan 16th 2012, 8:01 AM
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.
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Jan 15th 2012, 8:45 AM
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.
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Jan 14th 2012, 2:04 PM
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.
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Jan 13th 2012, 9:43 PM
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…
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Jan 13th 2012, 7:57 PM
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.
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Dec 29th 2011, 10:58 AM
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”.
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Dec 12th 2011, 9:02 AM
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.
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Dec 9th 2011, 12:56 PM
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.
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Oct 19th 2011, 8:45 AM
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.
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Oct 7th 2011, 1:00 PM
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.
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Sep 20th 2011, 7:32 AM
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.
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Aug 23rd 2011, 3:56 PM
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.
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Aug 16th 2011, 3:52 PM
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.
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Aug 13th 2011, 3:35 PM
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.
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Aug 12th 2011, 2:49 PM
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.
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Aug 8th 2011, 9:28 PM
Evening Wrap
The 5 at 5 5 stories, 5 minutes, 5 o’clock.
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Aug 8th 2011, 4:50 PM
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.
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Aug 8th 2011, 4:02 PM
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