Noonan: 'Credit-enhancing events' should improve Ireland's rating with Moody's

A series of "credit-enhancing events", including the introduction of the property tax, should encourage ratings agency Moody's to improve Ireland's credit rating, Finance Minister Michael Noonan said today.

Speaking as he arrived on the second day of an EU finance ministers meeting in Dublin Castle today, Minister Noonan said that he hopes the agency, which has been slow to improve Ireland's rating, will now act.