Press Release 20 Jan 2014

Barry O'Leary, CEO at IDA Ireland said:
"This Moody's upgrade sends out a very positive message about Ireland around the world."

"Investment agency ratings are used by foreign investors when they are deciding on where to locate their businesses."

"IDA will be highlighting Ireland's upgrade with current and prospective clients over the coming weeks."

Note –
Moody’s upgraded Ireland’s credit rating.  Moody’s also changed the outlook for Ireland’s credit rating from stable to positive, holding out the prospects of a further upward re-rating later in the year.

Moody’s said the reasons for the upgrade were the growth potential of the economy and the Government’s exit from the EU-IMF bailout.

Ireland is now eligible to investors previously precluded from investing in sub-investment grade bonds.

Read full report here

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