Their ratings of corporate debt may have held up well, but they were way off in structured securities, not a lot better in sovereign debt, and now their municipal-bond ratings, too, are under fire.

他们对公司债券的评级倒还好说，但是对于结构性债券就不那么上道了，主权债券也好不到哪儿去，而最近他们对于市政债券的评级又被口诛笔伐。

youdao

A sovereign bailout should provide breathing space to perform a radical restructuring.But a fire sale of Irish banking assets is not the only way to cut the Banks down to size.

虽然国家的紧急援助可以为爱尔兰银行的彻底重建提供喘息之机，但是减价出售其资产并非减少其规模的唯一出路。

youdao

A sovereign bailout should provide breathing space to perform a radical restructuring. But a fire sale of Irish banking assets is not the only way to cut the Banks down to size.

虽然国家的紧急援助可以为爱尔兰银行的彻底重建提供喘息之机，但是减价出售其资产并非减少其规模的唯一出路。

youdao

The Europeans are the world masters at organizing conferences in Brussels committee rooms, however, now they are rapidly running out of time and credibility as they have sought to stem the forest fire of a sovereign-debt crisis almost a year after the Greek bond market hits the buffers and needed a bailout.

FORBES: European Debt; The Crisis & Calamity Continues