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NTMA Welcomes S&P Upgrade of Ireland’s Sovereign Credit Rating

5 December 2014 – The National Treasury Management Agency welcomes today’s upgrade of Ireland’s long-term sovereign credit rating by Standard & Poor’s to A (from A-) with a stable outlook. S&P also upgraded Ireland’s short-term rating to A1 (from A2).

NTMA Chief Executive John Corrigan said: “Today’s upgrade by S&P concludes a very positive year for Ireland’s credit ratings. Since regaining investment-grade status with all three of the main ratings agencies at the beginning of 2014, Ireland has climbed to A rating status with both S&P (A) and Fitch (A-) in their long-term ratings. Today’s upgrade is also noteworthy by formally moving Ireland to the top slot on S&P’s short-term rating scale.”