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Sat 01 Jan 2009SP downgrades Republic's economic outlook to negative
STANDARD POOR’S has downgraded its outlook for the Republic of Ireland from stable to negative, and has warned that the country may lose its “AAA” sovereign credit rating if the Government’s attempts to boost the economy fail to improve growth prospects.
The US credit rating agency said that the downward revision reflects “mounting fiscal pressures” and “deterioration of key economic sectors”.
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