Darkening Clouds Irish Debt Downgraded as Euro Worries Spread

Just one week after downgrading Portuguese debt to junk status, the rating agency Moody's has slashed its rating of Irish debt. The move comes despite growing official anger in Europe at the power of the big three rating agencies. But a new aid package for Ireland, Moody's believes, may be unavoidable.
Moody's on Tuesday downgraded Irish debt to junk status.

Moody's on Tuesday downgraded Irish debt to junk status.

Fredrik von Erichsen/ dpa
cgh -- with wire reports