Yes But What Does A Credit Downgrade Really Mean?

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A credit rating downgrade usually makes borrowing more expensive for a country, and the interest rate demanded by investors to lend to Ireland rose. By lunchtime today, the yield on Irish 10-year bonds had climbed to 5.59%, around 3.4 percentage points above the German equivalent.

Right. Thanks.

In a way you could say Ireland Inc. is now Ireland (Very) Ltd.

Oh. Thanks

Don’t mention it.

Ireland’s Borrowing Costs Rise (RTE.ie)

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