S&P warns Ireland, again

By Andy Rice 28 September 2010

Rating agency Standard & Poor's warned Ireland on Tuesday that it might cut its credit rating, again. Last month S&P downgraded Ireland to an AA- rating. On Monday rival agency Moody's cut the credit rating of the country's Anglo Irish bank, which negatively affected confidence in Irish debt.  Read more: Reuters

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"A long habit of not thinking a thing wrong gives it a superficial appearance of being right and raises at first a formidable outcry in defence of custom. But the tumult soon subsides. Time makes more converts than reason." ~ Thomas Paine

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