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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:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
