State's borrowing costs among lowest in Europe

Outside the eurozone, Switzerland has one of the lowest borrowing costs in Europe, at 1.13%, while Britain at 4.33% has one of the highest borrowing costs

S&P Global Ratings upgraded Ireland's credit score to AA, the same rating as that of Britain.

The Irish government is able to tap among the cheapest borrowing costs in Europe — with only Germany and Switzerland having access to significantly lower rates. 

The snapshot of sovereign borrowing costs at the start of the week also suggests the gap between Irish and British government borrowing costs is widening, as concerns grow that British interest rates will have to go higher and further, even compared with the hikes likely coming down the line from the European Central Bank.