Breaking news from the Irish Times
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[SIZE=3][FONT=Times New Roman]Moody’s Investors Service analyst Dietmar Hornung said the chance of Ireland defaulting on its debts are “remote.”[/FONT][/SIZE]
[SIZE=3][FONT=Times New Roman]Speaking today in a telephone interview he said: “Our rating and outlook on Ireland remain appropriate. Ireland remains a creditworthy issuer.”[/FONT][/SIZE]
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[FONT=Times New Roman][SIZE=3][COLOR=#0000ff]http://www.irishtimes.com/newspaper/breaking/2009/0217/breaking23.htm[/COLOR][/SIZE][/FONT]
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[FONT=Times New Roman][SIZE=3]Wondering how this ties in with the pricing of credit default swaps as discussed on another thread? Are Moodys just talking it up, or is the pricing not such a strong indicator? [/SIZE][/FONT]