Latest update: 07/04/2011 

- banking - credit crisis - housing - Ireland


Financiers look on the bright side as Ireland's credit rating is downgraded

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Ireland's credit rating has been downgraded once again, but the news isn't all bad, say the country's financiers. Ratings agency Standard & Poor's has even said the outlook for the Emerald Isle is stable. Dublin's new finance minister has announced a complete overhaul of the banking system, and a fresh cash injection, in an attempt to end the country's 3-year banking crisis.

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