Moody's Slashes Ratings on several major Irish Banks

Now, it is turn to reduce the rating of Irish banks. After reducing the sovereign credit rating of Ireland (click here to read about it) now Moody has downgraded the credit ration of different Irish banks including Anglo Irish Bank, Allied Irish Banks, EBS Building Society, Irish Life & Permanent, Bank of Ireland, Irish Nationwide Building Society and ICS Building Society. Moody's said the sovereign rating's reduction resulted in downgrades for the banks and building societies. Full story here