Standard & Poor's restores Irish sovereign debt A rating

Related Stories

Credit ratings agency Standard and Poor's has restored an A rating to Irish sovereign debt.

It is the first major ratings agency to upgrade Ireland from BBB+ to A-.

It cited an improved outlook for economic growth and a better outlook for the repayment of government debt.

It also noted the faster pace at which the National Assets Management Agency (Nama) is paying down its debt. The credit rating agency said the outlook was positive.

Their view is that there at least a one-in-three possibility that they could raise the ratings on Ireland again in the next two years.

The upgrade has been welcomed by Irish Minister for Finance Michael Noonan who said it was a "very positive development".

More on This Story

Related Stories

More Europe stories



Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.