Fitch Ratings yesterday signalled it would not downgrade Ireland’s credit rating despite the huge market turmoil and warnings of slower growth here after the UK voted to quit the EU.

As Poland braces for a credit review by Moody’s Investors Service, the only question for economists is how bad the news is going to be.

Rating agency Moody’s said the eurozone sovereigns’ ratings will likely remain stable in 2016-2017 but fading fiscal consolidation, limited progress on structural reforms, and rising political risks limit upside potential and create longer-term risks.

Ratings agency Fitch has upgraded Ireland's credit rating to A from A minus, saying the economy is growing at a "brisk pace".

Credit ratings agency Fitch Ratings yesterday sketched contrasting outlooks, predicting strong economic growth for Ireland, in the short term at least, but contrasting with an uninspiring picture for the rest of the eurozone.