Moody's downgrades more Irish banks' to junk rating

 Moody's downgrades more Irish banks' to junk rating: "Credit ratings agency Moody's has cut its rating of four Irish banks to junk status citing concerns over new funding which was due at the end of February.<br /> <br /> The government says it will not make extra funds available before the general election on 25 February.<br /> <br /> Opposition parties, who may form the next government, have expressed opposition to further bank aid.<br /> <br /> Bank of Ireland, Allied Irish Banks, EBS Building Society and Irish Life & Permanent were all downgraded.<br /> <br /> Anglo Irish Bank and Irish Nationwide, which have already been given junk status, were cut further.<br /> <br /> Moody's Investors Service is one of the 'big three' credit ratings agencies, along with Standard & Poors and Fitch Ratings."

Moody's downgrades more Irish banks' to junk rating

 Moody's downgrades more Irish banks' to junk rating: "Credit ratings agency Moody's has cut its rating of four Irish banks...

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