S&P Upgrades Ireland's Credit Rating to AA+ with Stable Outlook

robot
Abstract generation in progress

Standard & Poor’s upgrades Ireland’s long-term foreign currency debt rating from AA to AA+.

Standard & Poor’s upgrades Ireland’s long-term local currency debt rating from AA to AA+.

The outlook has been changed from positive to stable.

Comments and Background

“The stable outlook reflects Ireland’s economic and fiscal resilience balanced against concentrated risks, particularly in government enterprise tax revenues.”

“We believe that economic diversification, sizable fiscal and economic buffers, a sound policy framework, and EU and Eurozone membership will help authorities protect households and businesses from impacts during global growth slowdown, foreign direct investment withdrawals, or deteriorating trade conditions.”

Credit Rating Overview:

Moody’s: Foreign currency issuer rating Aa3, outlook positive.

Fitch: Long-term foreign currency debt rating AA, outlook stable.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin