NTMA welcomes Moody's upgrade of Ireland's sovereign credit rating to A2, stable outlook

15 September 2017 – The National Treasury Management Agency (NTMA) welcomes today’s upgrade by Moody’s of Ireland’s sovereign credit rating to A2 with a STABLE outlook.

Moody’s also upgraded the short-term rating to P-1.

Moody’s cited continued strong economic growth and improved public finances, with the budget deficit approaching balance and public debt on a downward trend.

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

“This upgrade is welcome news and reflects the ongoing improvements in Ireland’s debt dynamics. Today’s upgrade brings Ireland’s rating above the mean A range across the main ratings agencies, which is a significant positive for investors who look to the average”.