Moody's has upgraded Ireland's sovereign debt rating to Aa3.
The National Treasury Management Agency is welcoming this upgrade, with a stable outlook.
This is the second ratings upgrade from Moody’s in less than a year.
In making its decision, Moody’s cited the significant improvement in Ireland’s key fiscal and debt metrics and its expectation this improvement will prove resilient to potential shocks.
It expects Ireland's economy to continue to grow at a solid pace and that fiscal metrics will continue to improve and remain robust.
The new rating to Aa3 returns Ireland to the Moody's AA category for the first time since 2010.
