Friday April 10, 2020

Moody's raises outlook on Irish banking sector to "positive" from "stable"

The ratings agency forecasts Irish GDP will grow by 6.2% this year and 4% in 2016

8th December, 2015
Moody's forecasts Irish growth of 6.2% this year

Moody's said it expects Irish GDP to grow by 6.2 per cent in this year and four per cent next year as it raised its outlook on the banking sector to "positive" from "stable".

The ratings agency said the positive outlook reflected its expectation that the banks' credit fundamentals will continue to improve, underpinned by a favourable operating environment and a successful executive of the banks' restructuring.

However, Moody's warned that asset quality "still poses significant...

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