Ireland’s outlook revised to positive, ratings unchanged

Credit ratings agency Moody’s has tonight announced its decision to revise its outlook for Ireland from stable to positive.

This reflects ‘the marked improvement in the country’s credit fundamentals over the past year, including a stronger economic recovery, faster fiscal consolidation and a substantial decline in the government’s debt burden’.

The ratings agency has affirmed its long-term rating for Ireland at Baa1.

Earlier today, ratings agency DBRS also revised their Irish trend from stable to positive and confirmed its long-term rating for Ireland at A.