Ireland May Be Next to Face Junk as Moody’s Cuts Portugal

Ireland May Be Next to Face Junk as Moody’s Cuts Portugal

Aidan Crawley/Bloomberg

Ireland has been locked out of markets since September, and the yield on 10-year Irish bonds climbed to 12.44 percent today, a euro-area record for the country that agreed to a rescue package with the European Union and International Monetary Fund last November.