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Fitch Upgrades Ireland to 'A'; Outlook Stable
Fitch Ratings has upgraded Ireland's Long-term foreign and local currency Issuer Default Ratings (IDRs) to 'A' from 'A-'. The Outlooks are Stable. The issue ratings on Ireland's senior unsecured foreign and local currency bonds have also been upgraded to 'A' from 'A-'. The Country Ceiling has been affirmed at 'AAA' and the Short-term foreign currency IDR and short-term commercial paper at 'F1'. The rating of National Asset Management Ltd's (NAMA) guaranteed issuance has also been affirmed at 'F1', in line with the sovereign rating. KEY RATING DRIVERS The upgrade of Ireland's IDRs reflects the following key rating ... (full story)