Tánaiste hails Moody’s boost to Ireland’s credit rating
Ireland’s sovereign credit rating has been elevated by Moody’s to Aa2, signalling robust economic health and sound fiscal management. Tánaiste Simon Harris highlighted this upgrade as a reflection of the country’s resilience and prudent financial governance amid global market volatility.
Source:
Gov.ie / MerrionStreet
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⏱️ 1 min read
The Tánaiste and Minister for Finance, Simon Harris, has warmly welcomed Moody’s decision to raise Ireland’s long-term sovereign credit rating from Aa3 to Aa2, accompanied by a positive outlook. This upgrade signifies confidence in Ireland’s economic strength, stemming from ongoing growth, substantial investments under the National Development Plan, and a declining debt burden.
Simon Harris emphasised that Ireland now holds at least an 'AA' rating from all major credit agencies, underscoring the resilience of the Irish economy and the government’s disciplined approach to public finances. He noted the critical importance of this achievement in the context of recent bond market fluctuations, which impact Ireland’s economic wellbeing.
Looking ahead to Budget 2027, the Tánaiste confirmed plans to support workers facing cost-of-living challenges, enhance public services, and continue investment in vital infrastructure. Furthermore, the government aims to strengthen fiscal buffers by maintaining surpluses, contributing to the Future Ireland Fund, and saving through the Infrastructure, Climate and Nature Fund, ensuring flexibility to tackle current and future economic challenges.
Simon Harris emphasised that Ireland now holds at least an 'AA' rating from all major credit agencies, underscoring the resilience of the Irish economy and the government’s disciplined approach to public finances. He noted the critical importance of this achievement in the context of recent bond market fluctuations, which impact Ireland’s economic wellbeing.
Looking ahead to Budget 2027, the Tánaiste confirmed plans to support workers facing cost-of-living challenges, enhance public services, and continue investment in vital infrastructure. Furthermore, the government aims to strengthen fiscal buffers by maintaining surpluses, contributing to the Future Ireland Fund, and saving through the Infrastructure, Climate and Nature Fund, ensuring flexibility to tackle current and future economic challenges.
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