Free Trial

RATINGS/BONDS: Citi Exp. Cont. Rating Momentum, Cautious On Imminent Fitch Upgrade

IRELAND

Ahead of this evening’s potential sovereign credit rating update from Fitch, Citi note that “Ireland remains a solid credit and is likely to rank the highest within the Eurozone over 2024 in terms of GDP growth, budget balance, debt/GDP and 2024 net supply as a % market size.”

  • “We expect the upside rating momentum to be maintained. However, Fitch put Ireland on a positive outlook just 4 months ago and made any upgrades contingent on further reduction in debt/GDP and risk to public finances from corporate tax revenues and might wait to observe these trends for now.”
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.