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Fitch Upgrades Irish Outlook, Sees "stabilisation"

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Fitch upgrades Irish outlook, sees "stabilisation"

Conor Humphries, 17:43, Thursday 14 April 2011

DUBLIN (Reuters) - Ratings agency Fitch upgraded its outlook for Ireland (Berlin: IIK.BE - news) on Thursday, saying the troubled economy was close to stabilising after a "credible" round of bank stress tests.

Fitch left Ireland's sovereign rating at BBB+, but upgraded its outlook from ratings watch negative to outlook negative, a change that means Fitch no longer expects a downgrade in the short term

What a difference a few days can make. Good thing the stress tests tell it like it is. I wonder of Portugal will have a miraculous recovery too?

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  • 312 Brexit, House prices and Summer 2020

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