Irish credit rating is downgraded
The Irish Republic has had its credit rating downgraded by a leading ratings agency, Standard and Poor's (S&P).
S&P fears that the growing cost of propping up the country's troubled banking sector will further weaken the government's finances.
It cut the rating one step, that can make it more expensive for governments to borrow money on the markets
Shane Harrison reports from Dublin.
25 Aug 2010
- From the section Business