Moody's affirms Ireland's Ba1/NP ratings and negative outlook
March 28 (Reuters) - Moody's Investors Service on Thursday affirmed the Republic of Ireland's Ba1/Not Prime government bond ratings and kept them on a negative outlook, citing vulnerability in the euro area following the recent bailout of Cyprus.
"The move has significantly heightened fears surrounding the safety of bank deposits in other European systems," the ratings agency said.
Moody's also said the negative outlook reflected the continued poor asset quality of the Irish banking system.
- Israel rejects ceasefire plan, source says, as death toll nears 850 |
- White House aide says Republicans might try for Obama impeachment
- First Ebola victim in Sierra Leone capital on the run
- Bad weather seen as probable cause of Air Algerie crash
- EU edges to economic sanctions on Russia but narrows scope |