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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