Irish debt sale will not lead to upgrade, says Fitch

UPDATE: Ratings agency Fitch said that yesterday’s €2.5 billion debt sale by the NTMA will not lead to an upgrade in Ireland’s credit rating.

9th January, 2013
This is the second time in 24 hours that Fitch has voiced concerns about the Irish economy.

Ratings agency Fitch said that yesterday’s €2.5 billion debt sale by the NTMA will not lead to an upgrade in Ireland’s credit rating.

This is the second time in 24 hours that Fitch has voiced concerns about the Irish economy. Yesterday it said that Irish house prices could fall by as much as 20 per cent more.

Fitch analyst Douglas Renwick said today that he had not witnessed events over the past two...

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