Fitch Ratings: Political concerns weigh on new Government

The appointment of the new Fine Gael-led minority administration has removed most but not all uncertainty, Fitch Ratings said yesterday.

One of the world’s ‘big three’, Fitch had unusually for a credit rating firm warned during February’s election campaign about the danger of political instability facing the country if there were to be a hung Dáil.

It nonetheless had upgraded Ireland’s debt pile to ‘A’ with a stable outlook.