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Wed 04 Apr 2009'Credible framework' needed to tackle crisis - S&P
THE REPUBLIC needed a “credible framework” to deal with the challenges posed to public finances by the recession, according to an analyst with the agency which cut the State’s credit rating this week.
On Monday, Standard&Poor’s (S&P) cut its rating of the Republic’s ability to repay its debts from “AAA” to “AA+”, a move which could increase the interest rates that the State will have to pay on exchequer borrowing.
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