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NTMA Welcomes Fitch Upgrade of Ireland’s Sovereign Credit Rating

The National Treasury Management Agency (NTMA) welcomes today’s upgrade of Ireland’s long-term sovereign credit rating by Fitch to A (from A-) with a stable outlook.

Fitch also affirmed Ireland’s position in the top short-term ratings category (F1).

NTMA Director of Funding and Debt Management Frank O’Connor said: “Today’s rating upgrade from Fitch reflects the positive trajectory of Ireland’s debt dynamics and expanding economy, factors which underscore the healthy demand we’ve seen for Irish debt issuance.

“We’ve had a strong start to the year with positive investor sentiment central to the success of our recent 10-year syndicated bond deal which raised €3 billion, half our minimum target for 2016.”