pandora Moody’s upgrades Irish rating

Moody’s upgrades Irish rating

Speith ends surprising streak at Players ChampionshipJordan Spieth’s remarkable scoring streak finally came to an end on Sunday, but the .Sherwood pulls fan from the stands to act as managerTim Sherwood surrendered his last five minutes in charge of Spurs this season to .Off the boil Laois do enough to win over CarlowLaois 1 22 Carlow 0 14 Laois gradually imposed themselves on Carlow to record their .17/01/2014 21:43:39Back to Busines pandora s HomeRatings agency Moody’s has restored Ireland’s sovereign credit rating to investment grade and changed its rating outlook to positive from stable.The agency bumped Ireland’s rating from the non investment or ‘junk’ level of Ba1 which it had been since 2011 to Baa3 (investment pandora grade) with a positive outlook.In a statement, Moody’s said the two main drivers for the upgrade were the growth potential of the Irish economy and the recent exit from the EU/IMF support programme.”A key positive signal is the faster pace of employment creation, with the unemployment rate having dropped 2.7 percentage points from its Q2 2012 peak,” the agency said.It added that the Government’s ability to exit the Troika’s bailout programme without a precautionary credit line reflected that its reform agen pandora da “stayed largely on track throughout the programme, despite weaker than expected domestic and external economic conditions”.The upgrade follows a successful auction of Irish 10 year bonds earlier this week to which Moody’s assigned its Baa3 rating and means that Ireland now enjoys investment grade status with all three of the main ratings agencies for the first time since July 2011.Many of the big pension and investment funds were prevented from investing in Irish government debt because it had a junk status. The move is expected to lead to a further reduction in the country’s interest rate.Tnaiste Eamon Gilmore said that the upgrade was “an pandora other signal of confidence in Irish recovery”, while Finance Minister Michael Noonan said it “highlights the major improvement in investor sentiment towards Ireland.”