Currency ratings affirmed

The international rating agency Fitch IBCA has affirmed its "AAA" long term foreign currency and local currency ratings for the…

The international rating agency Fitch IBCA has affirmed its "AAA" long term foreign currency and local currency ratings for the Republic. The short-term foreign currency rating of "F1+" was also affirmed. The agency said the Republic had been a spectacular success story in the 1990s although it noted some weaknesses in the future. These included a likely period of small current account deficits.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up to the Business Today newsletter for the latest new and commentary in your inbox

  • Listen to Inside Business podcast for a look at business and economics from an Irish perspective