
The credit ratings agency Fitch on Saturday upgraded Ireland's long-term foreign and local currency Issuer Default Ratings (IDA) to A- from BBB+.
In a statement, Fitch said the Irish government has continued its multi-year fiscal consolidation program following the exit from the Troika program at the end of 2013 and remains compliant with domestic and eurozone fiscal rules.
Fitch forecasts the 2014 general government deficit to be below the 4.8 percent of gross domestic product (GDP) target and expects a small primary surplus compared with a primary deficit peak of more than 9 percent of GDP in 2009.
"We believe Ireland's gross general government debt (GGGD) to GDP ratio peaked in 2013 at 123 percent, albeit after an increase of 100 pp since 2007 to a level among the highest of Fitch-rated sovereigns," it said.
Fitch is the second agency to move Ireland back to an A rating, following Standard & Poor's in June.
GMT 15:13 2018 Saturday ,20 January
US 'erred' in supporting WTO membership for China, RussiaGMT 17:22 2018 Thursday ,18 January
US industrial output in 2017 posts biggest gain since 2010GMT 17:12 2018 Thursday ,18 January
No more bonuses for Carillion bosses after UK collapseGMT 17:20 2018 Wednesday ,17 January
EU to remove Panama, South Korea from tax haven blacklistGMT 17:16 2018 Wednesday ,17 January
Citigroup reports steep Q4 losses tied to US tax reformGMT 17:11 2018 Wednesday ,17 January
Pressure rises on British govt over Carillion collapseGMT 17:52 2018 Monday ,15 January
Iran jetliner deal could take longer to complete, Airbus saysGMT 17:44 2018 Monday ,15 January
EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor