Ireland will have ‘little to fear if UK votes for Brexit’

Ireland has little to fear even if the UK were to vote in little under a month to exit the EU, according to one of the world’s leading credit ratings experts.

Moritz Kraemer, who is chief sovereign rating officer at S&P Global Ratings — the sovereign ratings firm formerly called Standard & Poor’s — said if there were to be a vote for Brexit on June 23 that the exit process would likely be so drawn out there may be little or no impact on the fast- growing Irish economy.

In a wide-ranging interview with the Irish Examiner, Mr Kraemer said negotiations over a potential Brexit would probably not disrupt trade across the Irish Sea, though free movement of labour and other political issues would likely weigh more heavily.