Ireland’s Rating Raised by Moody’s as Debt Burden Eases

Ireland’s rating was raised for the second time in less than six months by Moody’s Investors Service as the economy stabilizes and concern that the euro-region may be under threat eases.

Moody’s raised its ranking two levels to Baa1 from Baa3, the ratings company said May 16 in a statement. Six of nine analysts and economists surveyed by Bloomberg News predicted an upgrade. The outlook is stable, Moody’s said.