NTMA Welcomes DBRS Upgrade of Ireland's Sovereign Credit Rating to AA (low)

14 January 2022 - The National Treasury Management Agency (NTMA) welcomes today's upgrade by DBRS of Ireland's sovereign credit rating to AA (low) with a stable outlook.

In making their decision to upgrade, DBRS cited Ireland’s macroeconomic resilience in the face of external events.

Whilst Ireland’s general government debt increased as a result of the health crisis, DBRS noted that Ireland’s strong growth and favourable financing conditions should allow the debt ratios restore their downward trend in the years ahead.

The ratings agency also confirmed the short-term foreign and local currency issuer ratings to R-1 (middle).

NTMA Director of Funding and Debt Management Frank O'Connor said:

“This upgrade by DBRS is welcome news and reflects market sentiment and what we are hearing from our engagement with international investors.

We’ve had a strong start to the year with our 10-year syndicated bond deal which raised €3.5 billion from a broad base of investors."

Latest News
13 January 2022

NTMA raises €3.5 billion from sale of new 10-year benchmark bond

Read More
12 January 2022

NEW MANDATE – IRELAND (NTMA) 10-YEAR

Read More
6 January 2022

NTMA Issuance Schedule for Quarter 1, 2022

Read More
21 December 2021

NTMA appoints Frank O’Connor as new Chief Executive

Read More
16 December 2021

NTMA Institutional Investor Presentation, December 2021

Read More
9 December 2021

NTMA 2022 Funding Plan

Read More