My honest opinion.
Fitch had to open their big yap and any country getting a bailout is not getting an upgrade.
This is not news that's going to matter much. They had to put it out to cover their own butts. It's like putting out an announcement that growth is going to be slow in Ireland.
The downgrade by Fitch will not help their cause. Would hold off on anything until we see what shakes out this morning. Could become buying opportunity or a quick pop for the shorts.We shall see.-KSA
Ireland years away from "A" rating:fitch.