Thursday September 24, 2020

Moody's highlights Irish economic flexibility

The wider gap between the current Irish sovereign rating and its country ceiling captures “Ireland’s economic flexibilities”, ratings agency Moody’s said today.

6th September, 2012

The wider gap between the current Irish sovereign rating and its country ceiling, the highest rating that can be assigned a domestic issuer, than for Spanish and Italian economies captures “Ireland’s economic flexibilities”, ratings agency Moody’s said today.

Ireland’s ability to restore competitiveness by means of an internal devaluation through wage adjustment mitigates the risk of a euro area exit should the government default, said the rating agency....

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