Moody's lifts Ireland's sovereign rating to 'Aa2' on fiscal resilience

Underpinned by improvements in Ireland’s debt metrics and positive international investor sentiment

Moody's said underlying growth remained strong, with public investment under Ireland's National Development Plan expected to help ease constraints in areas such as housing and essential infrastructure.

Credit ratings agency Moody's on Friday upgraded Ireland's sovereign credit rating to "Aa2" from "Aa3" and reiterated its positive outlook, saying it expects improvements in the country's economic and fiscal strength to continue.

The ratings agency said its assessment was supported by Ireland's strong institutional framework, effective policymaking and resilience to recent changes in US trade and tax policies.