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
2 April 2024

NTMA Auction Schedule for Quarter 2, 2024

Read More
21 March 2024

Ireland sells €1 billion of bonds maturing in 2034 and 2043 by auction

Read More
19 March 2024

NTMA to hold scheduled bond auction on 21 March 2024

Read More
15 March 2024

NTMA Institutional Investor Presentation, March 2024

Read More
11 January 2024

Ireland raises €3 billion from the sale of a new 10-year benchmark bond

Read More
10 January 2024

NTMA Institutional Investor Presentation, January 2024

Read More