Moody’s plays down Brexit shock on Ireland

Moody’s Investors Service has become the first authoritative international voice to play down the potential shock to the Irish economy were the UK to vote next month to leave the EU.

The credit ratings firm suggests that though problematic, the effects on the Republic would likely be “manageable”, and not catastrophic.

Its assessment comes in a weekend report which marked Moody’s most sparkling assessment of the prospects of the Irish economy since the devastating banking crash.