DBRS: Ireland trend now positive

DBRS, Inc. said it has confirmed the Republic of Ireland’s long-term foreign and local currency issuer ratings at A (low) and changed the trend to positive from stable.

DBRS said it has also confirmed the short-term foreign and local currency issuer ratings at R-1 (low) and maintained the stable trend.

The agency noted that the rating confirmation reflects Ireland’s highly productive and open economy, commitment to sound economic management and evidence of macroeconomic rebalancing.

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