S&P Global Ratings soothes over Brexit risk for Ireland

Moritz Kraemer, the chief sovereign rating officer at S&P Global Ratings, has played down the risks facing Ireland if the UK were to vote in less than a month to exit the EU.

In an interview with the Irish Examiner, Mr Kraemer said S&P Global Ratings has a very positive outlook on the Irish economy, though growth rates will likely slow.

S&P is scheduled to next review Ireland’s credit rating on June 3, just 20 days before the UK votes on its future in the EU.