Statement by NTMA on Moody’s Upgrade of Ireland’s Sovereign Credit Rating

17 January 2014 – The National Treasury Management Agency (NTMA) welcomes Moody’s decision to restore Ireland’s sovereign credit rating to investment grade and to change its rating outlook to positive from stable. As a result, Ireland now enjoys investment-grade status with all three of the main ratings agencies for the first time since July 2011.

“I am pleased to note that one of the main drivers for today’s upgrade was Ireland’s restored market access,’’ said NTMA Chief Executive John Corrigan. “The change to the ratings outlook represents a positive context for future rating reviews.”