Moody’s restores Ireland’s credit rating to investment grade

Credit ratings agency Moody’s has restored Ireland’s credit rating to investment grade.

17th January, 2014
Moody’s cut Ireland’s ranking five times in two years.

Credit ratings agency Moody’s has restored Ireland’s credit rating to investment grade.

Moody’s raised the rating to Baa3 from Ba1 with a positive outlook, the ratings company said today in a statement. Moody’s cut Ireland’s ranking five times in two years before assigning junk status in July 2011.

The increase means all three of the main credit rating companies now rank Ireland as investment grade, following...

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