Fitch kicks three more notches off Ireland

dublin-panaromic-view-down-lit-river-liffey-at-night

Fitch, a ratings agency, on Thursday knocked three notches off Irish long-term sovereign debt, citing the liabilities presented by the country's banking sector and weaker growth prospects.

The agency said the decision was prompted by the additional costs of restructuring and supporting Ireland's banking system, in particular reflecting "ongoing contingent liabilities arising from the guarantee of Irish bank debt and deposits," which were equal to 93.5% of GDP at the end of the third quarter this

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.