17 Jan 2014
Moodys upgrades Ireland to investment grate at Baa3; outlook positive
FXstreet.com (San Francisco) - Moody's Investors Service raised Ireland's government debt ratings to Baa3 from Ba1 and changed the outlook to positive according to a press release published by the rating agency.
According to Moody's, firstly, "the growth potential of the Irish economy, which together with ongoing fiscal consolidation is expected to bring government debt ratios down from their recent peak; and secondly "the Irish government's exit from its EU/IMF support programme on schedule, with improved solvency and restored market access."
According to Moody's, firstly, "the growth potential of the Irish economy, which together with ongoing fiscal consolidation is expected to bring government debt ratios down from their recent peak; and secondly "the Irish government's exit from its EU/IMF support programme on schedule, with improved solvency and restored market access."