Would a change of Government affect or improve Ireland's debt rating?

[yehbut_nobut]

Yesterday it was report that ratings agencies threatened to downgrade our debt rating, making it even more expensive for the state to borrow money it needs.

A banks credit rating is widely afftected by how well or badly it's managed. How much impact would a change of personnel in charge of running the country have on international perception of the route we're taking and the course we will steer through these troubles?

We're all being asked to make sacrifices for the long term good of the country. So, would permitting a change of government be the ultimate deed done "in the national interest".

[Question R24U]

If you think that having enda as leader of a government which includes Labour will improve our credit rating makes you more deluded than the mandarins in the economic forecasting section of the dept of finance. Get real ffs.

[trekkypj]

It's a nice thought....

But no. The damage is done. No change of government will make any difference.

[Eorna]

It probably would. Influential papers like the FT, have basically written off the govt. as incapable of dealing with the problem at hand. As fund managers and bankers all over Europe read it, it is basically informing their debate. Who here has any faith in the govt. Though as mentioned above, the govt has dug such a deep hole over the last few terms, that it probably means it is too late.

[Seos]

The damage is done.

No it's not, our actual credit rating hasn't been lowered, only the outlook has changed to negative.
I do agree that changing government wouldn't change that(for better or worse) though.

[trekkypj]

Well, I don't claim to be much use at economics. Then again.... I dare say I'm not the only one.

[myksav]

It would not help the situation. It would likely be seen as political instability and make lenders more skittish than they are.

On RTE, I heard someone say that what the Gov't has done is seen as what was needed to be done.