Business Irish

Saturday 16 December 2017

Standard & Poor’s put three Irish semi-States on negative outlook reporters

RATING agency Standard & Poor’s has put Bord Gais, the ESB and the Dublin Airport Authority on negative watch which means the chances of downgrades at the firms increased.

The move was part of a review of State companies across Europe and many firms took a hit.

It followings its downgrade of a number of eurozone countries as well as the European Financial Stability Facility.

Ireland’s rating is currently on negative outlook with the agency, although its rating was not cut on Friday.

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