Moody's: Ireland view stable

Moody's Investors Service said it changed the outlook on the Ba1 government bond rating of the Government of Ireland to stable from negative.

Concurrently, Moody's affirmed Ireland's Ba1 and Not-Prime ratings.

Moody's said that among other factors, the key drivers of the outlook change are: The Irish government's progress in restoring solvency to its public finances, as reflected in the ongoing fiscal consolidation and Moody's expectation that general government debt will level off, relative to GDP; and Ireland's diminished susceptibility to renewed loss of access to financial markets given its progress with reforms and the improvement of its liquidity position as the end of its multilateral support program approaches.

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