Moody's says Ireland needs to continue to cut debt

The ratings agency has reiterated its Baa1 rating on Ireland

14th December, 2015
The ratings agency has reiterated its positive outlook on Ireland

Ratings agency Moody’s says Ireland’s high debt level “requires a continuation of fiscal consolidation through the electoral cycle” as the country prepares for elections early in 2016.

The agency reiterated its Baa1 rating and its positive outlook on Ireland in a note sent out on Monday.

Moody's said the election was likely to take place in March and noted that Fine Gael was seeing an "improving trend" in opinion polls.

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