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14/03/2016
Ireland's Sovereign Rating Upgraded
Ireland's sovereign rating has been upgraded to 'A High' by the DBRS scale .
The new grade is an improvement on one notch of the scale and comes following recent upgrades from other agencies and reflects the improving position of the economy and the public finances.
Commenting on DBRS' ratings decision, the second upgrade in two months by a leading ratings agency, Minister for Finance Michael Noonan TD stated: "This upgrade reflects the continued strength that we are seeing in the Irish economy underpinned by increasing domestic demand which is in turn feeding through to an improving budgetary and debt position. It can therefore be said to be a direct outcome of the policies pursued by the Government and the sacrifices made by the Irish people over the past number of years."
(MH/CD)
The new grade is an improvement on one notch of the scale and comes following recent upgrades from other agencies and reflects the improving position of the economy and the public finances.
Commenting on DBRS' ratings decision, the second upgrade in two months by a leading ratings agency, Minister for Finance Michael Noonan TD stated: "This upgrade reflects the continued strength that we are seeing in the Irish economy underpinned by increasing domestic demand which is in turn feeding through to an improving budgetary and debt position. It can therefore be said to be a direct outcome of the policies pursued by the Government and the sacrifices made by the Irish people over the past number of years."
(MH/CD)
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Ireland WeatherToday:A cloudy morning with a few showers at times. Becoming dry in the afternoon and staying mainly cloudy, but some sunshine breaking through particularly in the east. Maximum temperature 16 °C.Tonight:Quite cloudy across all counties at first but clear spells most likely towards Down and Antrim, becoming widespread through the evening and overnight. Minimum temperature 5 °C.
