Ireland on course to regain its AAA rating status

Irish debt-to-GDP is set to fall below 80% by the end of the decade and the country is on course to regain its AAA credit rating over the same timeframe, according to Davy Stockbrokers.

In its outlook for 2015, the country’s largest stockbroking firm, said Ireland’s age of austerity had ended, “giving way to a more neutral and more sustainable budgetary stance”.

The rise of Sinn Féin and other left wing parties is not a cause for concern among international investors buying Irish government debt, according to Davy global strategist, Donal O’Mahony.