They’ve raised the rating but lowered the outlook to “stable” from “positive”
The blurb to follow no doubt.
S&P is also reporting on Italy too today so that might be up shortly too.
Update: Here comes the blurb
- Upgrade reflects our view of Ireland’s solid economic growth prospects
- Estimate that unemployment will fall to around 9% by 2017 and to the lowest since 2008
- Upwards revisions to growth prospects underpin assessment of improving health of Irish banks
- Credit losses will continue to decline through 2016 posing less of a risk to to bank profitability
Here’s a DOD treat for the weekend