herald

Wednesday 13 December 2017

No boost for rating

THE Yes vote in last week's referendum will not boost Ireland's credit rating, ratings agency Fitch has said.

"It removes a potential source of considerable uncertainty about Ireland's future funding. A No vote would have increased downward pressure on Ireland's 'BBB+' rating because it would have stopped the country receiving European Stability Mechanism funds after the current EU/IMF programme finishes next year," it said of the ballot on the fiscal compact treaty.

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