Fitch: Debt issuance a positive

Credit ratings agency Fitch says the recent medium-term sovereign debt issuance by the Government has added to Ireland’s positive credit momentum and improves the country’s chances of making a full return to the sovereign debt markets at the end of this year.

However, it said “it is still uncertain what degree of market access can be maintained after Ireland’s EU/IMF programme expires”.

Ireland’s EU/IMF bailout programme, negotiated in Nov 2010, expires at the end of 2013.