Credit rating agency Moody’s has downgraded its rating of four Irish banks to junk status due to Irish government’s refusal to release bank aid before the general election on Feb. 25. Bank of Ireland, Allied Irish Banks, EBS Building Society and Irish Life & Permanent were all downgraded, BBC reports.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.