The move was welcomed by the National Treasury Management Agency which manages Ireland's debt. Photograph: Dara Mac Dónaill / The Irish Times
Fitch upped Ireland’s rating to AA from AA-, the agency said in a statement late on Friday. That implies a “very low default risk” and a “very strong capacity for payment of financial commitments.” The upgrade is a sign of continued international confidence in the Irish economy. It could also potentially impact Ireland’s borrowing costs at future bond sales.
Source: Loan Digest (loandigest.net)
Fitch
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