KBRA Affirms AA/K1+ Ratings for Ireland; Outlook Stable
11 Apr 2025 | Dublin
KBRA Europe (KBRA) affirms Ireland’s long-term issuer ratings of AA. KBRA also affirms the short-term issuer ratings of K1+. The Outlook on the long-term ratings is Stable.
The affirmation of the credit ratings reflects Ireland's high-income, advanced, competitive and institutionally robust economy, which is characterised by a prudent policy framework, favourable business environment, competitive corporate tax regime and euro area membership. The economy is expected to grow solidly again this year, and government finances are in a very strong position. Irish banks are well-capitalised with solid funding and sound asset quality. In addition, their loan restructuring experience positions them well to manage moderate asset quality stress. However, KBRA notes that there is currently significant uncertainty with respect to the trade and fiscal policies of the new US administration and if the associated risks were to be lasting, they could, over time, weigh on Ireland’s economic growth and fiscal performance.
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