Economy

xchrom

(108,903 posts)

12. Fitch boost for Ireland rating

Thu Nov 15, 2012, 08:01 AM

Nov 2012

http://www.irishtimes.com/newspaper/finance/2012/1115/1224326607095.html

Ratings agency Fitch has raised its ranking of Ireland’s creditworthiness to a level last seen in late 2010, the month after the bailout of the State.

The agency removed the risk of a further downgrade, moving Ireland’s rating to a “stable” outlook, saying the Government was making progress towards an economic recovery.

The State was moved off “negative” outlook, reflecting Ireland’s continued progress on fixing its public finances and the improved options on its ability to fund itself.

This is the first positive move by a ratings agency since the EU-International Monetary Fund bailout. The last time Fitch ranked Ireland at a BBB+ rating on a “stable” outlook was in December 2010.

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