Ireland Credit Outlook Raised by Moody’s on Fiscal Strength
- Moody’s currently rates the nation three notches below Aaa
- Government heading into an election that must be held by March
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Moody’s Ratings put a positive outlook on Ireland’s credit rating, highlighting prospects of a sustained improvement in fiscal strength.
The ratings firm predicted a decline to the nation’s gross debt burden and a moderate improvement of debt affordability. Moody’s currently rates Ireland three notches below Aaa. That Aa3 rating was achieved in April last year, when it upgraded the country on the strength of improved fiscal and debt metrics.