Menu
28/06/2016
Ireland Resilient Against Negative Impact Of Brexit - S&P
The UK's decision to leave the European Union will have "no immediate impact" on Ireland's sovereign ratings, ratings agency S&P Global Ratings has said.
Following the result of the EU membership referendum in the UK, S&P confirmed that Ireland is rated as investment grade.
The ratings agency did highlighted that while there will be negative effects it said that it believes "Ireland is resilient".
In forming their opinion on Ireland's resiliency they cited in particular "Ireland's strong institutions, predictable policy making, and improving external balance sheet."
Speaking in Government Buildings, Minister for Finance, Michael Noonan, said: "I welcome the assessment today by S&P Global Ratings that Ireland is resilient and that there is no immediate impact on the sovereign ratings of Ireland. This assessment is in line with my own advice that I communicated to cabinet this morning.
"As I mentioned earlier today, the prudent economic and fiscal policies implemented over recent years have placed the State in a stronger position to weather economic shocks that may be caused by this result."
(MH)
Following the result of the EU membership referendum in the UK, S&P confirmed that Ireland is rated as investment grade.
The ratings agency did highlighted that while there will be negative effects it said that it believes "Ireland is resilient".
In forming their opinion on Ireland's resiliency they cited in particular "Ireland's strong institutions, predictable policy making, and improving external balance sheet."
Speaking in Government Buildings, Minister for Finance, Michael Noonan, said: "I welcome the assessment today by S&P Global Ratings that Ireland is resilient and that there is no immediate impact on the sovereign ratings of Ireland. This assessment is in line with my own advice that I communicated to cabinet this morning.
"As I mentioned earlier today, the prudent economic and fiscal policies implemented over recent years have placed the State in a stronger position to weather economic shocks that may be caused by this result."
(MH)
Related Irish News Stories
Click here for the latest headlines.
13 October 2010
Ireland's Strife 'Exaggerated' Says Ratings Agency
A major international ratings agency has said concerns over political and fiscal risks in Ireland are "exaggerated". Spokesman for credit company Standard & Poor's, David Beers, said during a speech in New York that the Irish economy had "turned a corner".
Ireland's Strife 'Exaggerated' Says Ratings Agency
A major international ratings agency has said concerns over political and fiscal risks in Ireland are "exaggerated". Spokesman for credit company Standard & Poor's, David Beers, said during a speech in New York that the Irish economy had "turned a corner".
05 October 2010
Credit Downgrade Looms For Ireland
Ireland's credit rating is expected to be hit with another downgrade from a European ratings agency. The State's repaying credentials have been put on review for a possible downgrade by ratings agency Moody’s after concerns over the increased budget deficit and pace of the recovery.
Credit Downgrade Looms For Ireland
Ireland's credit rating is expected to be hit with another downgrade from a European ratings agency. The State's repaying credentials have been put on review for a possible downgrade by ratings agency Moody’s after concerns over the increased budget deficit and pace of the recovery.
06 March 2009
Ireland's Credit Rating To Take Hit
Ireland may lose its highest bracket credit rating because of the slump in Exchequer finances. International credit ratings agency Fitch said today the country’s debt rating had been placed on "negative watch", meaning the credit rating could be in for a downgrade.
Ireland's Credit Rating To Take Hit
Ireland may lose its highest bracket credit rating because of the slump in Exchequer finances. International credit ratings agency Fitch said today the country’s debt rating had been placed on "negative watch", meaning the credit rating could be in for a downgrade.
14 March 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.
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.
24 November 2010
Irish Credit Downgraded By Agency
Ireland's difficulties seem to worsen by the hour as Standard & Poor's announce they are downgrading the State's international credit rating and placing its banks on "CreditWatch". The news comes just after another international ratings agency, Moody's, announced it would be slashing Ireland's credit rating, following the news of the Irish bailout.
Irish Credit Downgraded By Agency
Ireland's difficulties seem to worsen by the hour as Standard & Poor's announce they are downgrading the State's international credit rating and placing its banks on "CreditWatch". The news comes just after another international ratings agency, Moody's, announced it would be slashing Ireland's credit rating, following the news of the Irish bailout.
-
Ireland WeatherToday:Scattered sleet and snow showers will turn increasingly heavy and more frequent in the afternoon across the north. Largely dry with sunny spells in the south, but showers spreading here towards the end of the day. Maximum temperature 4 °C.Tonight:Frequent, often heavy showers of rain, sleet and snow will affect most parts this evening and overnight, but are likely to be most frequent across the northeast. Minimum temperature -1 °C.
