S&P cuts Ireland's credit rating to A-/A-2 over concern about how much additional capital...

|By:, SA News Editor

S&P cuts Ireland's credit rating to A-/A-2 over concern about how much additional capital the country's banks will need. Irish bond yields, responding instead to easing concerns over the debt crisis, plummet 22 basis points. Premarket:  IRE +2.6%.