17/01/2012
Euro Stability Bond Auction 'Successful'
An auction by the authority overseeing Euro recovery has announced it has attracted €4.6 billion in bids despite being credit downgraded hours beforehand. On Tuesday, the European Financial Stability Facility (EFSF) held a six-month auction on it's current holdings, which they said had been met with "very strong demand".
It is EFSF’s second bill auction. The first, a less successful three-month bill auction, was held in December of last year.
Christophe Frankel, CFO and Deputy CEO commented “the success of today’s auction confirms investors’ confidence in EFSF as a high quality issuer. As we establish our short-term bill programme, we will now be holding regular auctions focussing on 3-, 6- and 12-month tenors”.
The auction came only hours after credit agency Standard & Poor's downgraded the fund from its top rating.
However, EFSF chief Klaus Regling has said the downgrade would have little impact on operations and expressed confidence that investors around the world will keep buying the fund's bonds.
(DW)
It is EFSF’s second bill auction. The first, a less successful three-month bill auction, was held in December of last year.
Christophe Frankel, CFO and Deputy CEO commented “the success of today’s auction confirms investors’ confidence in EFSF as a high quality issuer. As we establish our short-term bill programme, we will now be holding regular auctions focussing on 3-, 6- and 12-month tenors”.
The auction came only hours after credit agency Standard & Poor's downgraded the fund from its top rating.
However, EFSF chief Klaus Regling has said the downgrade would have little impact on operations and expressed confidence that investors around the world will keep buying the fund's bonds.
(DW)
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24 November 2010
Irish Credit Downgraded By Agency
Ireland's difficulties seem to worsen by the hour as Standard & Poor's announce they are downgrading the State's international credit rating and placing its banks on "CreditWatch". The news comes just after another international ratings agency, Moody's, announced it would be slashing Ireland's credit rating, following the news of the Irish bailout.
Irish Credit Downgraded By Agency
Ireland's difficulties seem to worsen by the hour as Standard & Poor's announce they are downgrading the State's international credit rating and placing its banks on "CreditWatch". The news comes just after another international ratings agency, Moody's, announced it would be slashing Ireland's credit rating, following the news of the Irish bailout.
02 July 2009
Economy 'Downgraded' By Moodys
The economic woes of Ireland continue as a major credit rating company downgraded Ireland to Aa1 from AAA. The company is the last of the three main agencies to strip Ireland of its top credit rating, after Standard & Poor's cut its rating last month to AA and Fitch downgraded Ireland by one notch to AA+.
Economy 'Downgraded' By Moodys
The economic woes of Ireland continue as a major credit rating company downgraded Ireland to Aa1 from AAA. The company is the last of the three main agencies to strip Ireland of its top credit rating, after Standard & Poor's cut its rating last month to AA and Fitch downgraded Ireland by one notch to AA+.
14 February 2012
Six Euro Nations Downgraded
International ratings agency Moody's has downgraded the credit rating of six eurozone countries, including Italy, Portugal and Spain. Malta, Slovakia, Slovenia and Austria were also downgraded, while the outlook on the UK's Aaa rating has been changed to "negative ".
Six Euro Nations Downgraded
International ratings agency Moody's has downgraded the credit rating of six eurozone countries, including Italy, Portugal and Spain. Malta, Slovakia, Slovenia and Austria were also downgraded, while the outlook on the UK's Aaa rating has been changed to "negative ".
13 October 2015
Nurses Undertake Work-To-Rule At St Vincent's University Dublin
A work-to-rule scheme has begun in the emergency department at Dublin's St Vincent's University Hospital. Members of the Irish Nurses and Midwives Organisation (INMO) have taken the action to raise awareness of overcrowding problems at the hospital.
Nurses Undertake Work-To-Rule At St Vincent's University Dublin
A work-to-rule scheme has begun in the emergency department at Dublin's St Vincent's University Hospital. Members of the Irish Nurses and Midwives Organisation (INMO) have taken the action to raise awareness of overcrowding problems at the hospital.
26 June 2012
Man Arrested After Holding Staff Members Hostage
A man, who is believed to have been armed, held four members of staff at a pharmacy in Ladywells, Cashel, Co. Tipperary. Gardai, who were alerted to the incident, used a taser gun to arrest the suspect, at around 12.20pm today. An imitation firearm was discovered following the incident. The suspect did not sustain any injuries.
Man Arrested After Holding Staff Members Hostage
A man, who is believed to have been armed, held four members of staff at a pharmacy in Ladywells, Cashel, Co. Tipperary. Gardai, who were alerted to the incident, used a taser gun to arrest the suspect, at around 12.20pm today. An imitation firearm was discovered following the incident. The suspect did not sustain any injuries.
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Ireland WeatherToday:Variable amounts of cloud and some bright or sunny spells. There will be a few passing showers but some a fair amount of dry weather too. Maximum temperature 18 °C.Tonight:Any showers will die out this evening. Then the rest of the night will be dry with clear periods. Freshening southerly winds along the east coast later. Minimum temperature 13 °C.