Moody's upgrades Ireland's economic outlook from 'stable' to 'positive'

The upgrade means Ireland remains in the fourth-highest level on Moody’s scale

Finance Minister Jack Chambers welcomed the upgrade, saying it "reflects the resilience" of Ireland's economy. Picture: Clive Wasson

Credit ratings agency Moody’s has upgraded Ireland’s economic outlook from "stable" to "positive", reaffirming the country's Aa3 rating on the agency's scale.

The upgrade means Ireland maintains its position at the fourth-highest level of Moody’s scale, three notches below the top Aaa rating.