Upgraded credit rating welcomed by Minister Noonan
The Minister for Finance is welcoming the decision by Moody's to upgrade our credit rating.
It is the first time since 2010 that Ireland is in the A category.
Michael Noonan has said it shows we are progressing in the right direction.
Moody's has maintained its "positive" outlook on Ireland's economy and upgraded our rating to A3.
The Minister for Finance and the National Treasury Management Agency have welcomed the announcement today.
Michael Noonan has said our economic growth rate is the highest in the EU and that the public finances have been placed on a sustainable footing is a clear factor in the Moody’s decision.
Minister Noonan has said it proves Ireland is progressing in the correct direction.
He has said it also shows that the ratings agency is confident in the plans in the new Programme for Government.
It is the first time since 2010 that Ireland is in the A category.
