NTMA Welcomes Fitch Upgrade of Ireland’s Sovereign Credit Rating

15 August 2014 – The National Treasury Management Agency welcomes today’s upgrade of Ireland’s sovereign credit rating by Fitch to A- (from BBB+) with a stable outlook.

NTMA Chief Executive John Corrigan said:  “Ireland now enjoys A rating status with two of the three major ratings agencies (Fitch and Standard & Poors).  Today’s upgrade underpins the already strong investor sentiment towards Ireland and will widen the potential investor base for Irish Government bonds. I am pleased to note Fitch’s recognition of Ireland’s favourable bond market access and the successful smoothing of the bond redemption profile.”