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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 3 weeks ago

Big tech firms pledge to pay contract staff through the social-distancing period

Emmet Ryan | 3 weeks ago

Further action may be needed to prevent the Irish economy being sunk, particularly when the global economy remains vulnerable

Ian Guider | 3 weeks ago