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Moody’s says EU/IMF package will increase the Irish sovereign’s debt burden, a credit negative for Ireland

Moody’s says EU/IMF package will increase the Irish sovereign’s debt burden, a credit negative for Ireland

News
Gerry Davies
22/11/2010 | 11:51 GMT

Do you ever get that feeling you just can’t win…….

EUR/USD languishes around session low, presently at 1.3715.

Moody’s adds

  • Multi notch downgrade, leaving Ireland’s rating still within investment-grade category, now most likely outcome
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