Ireland Regains Investment Grade Rating From Moody’s
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Ireland’s credit rating was restored to investment grade by Moody’s Investors Service after the country became the first to exit a euro-region bailout since the debt crisis erupted in 2009.
Moody’s raised the rating to Baa3 from Ba1 with a positive outlook, the ratings company said yesterday in a statement. Moody’s cut the nation’s ranking five times in two years before assigning junk status in July 2011. The increase means all three of the main credit rating companies now rank Ireland as investment grade.