Moody’s raises Ireland debt rating, cites growth

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Moody’s raises Ireland debt rating, cites growth

Financial Markets News 0

SAN FRANCISCO (MarketWatch) — Moody’s Investors Service on Friday upgraded Ireland’s debt two notches to Baa1, with a stable outlook. Ireland’s growth will pick up, speeding up ongoing fiscal consolidation and leading to a “significantly improved outlook” for the country’s medium-term public debt, the debt ratings agency said. Ireland also enjoys an improved credit position relative to peers, Moody’s said. “Ireland’s credit profile is recovering more quickly from the euro area debt crisis as…



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