It is reported in today`s Irish Independent that ratings agency Standard & Poor’s has raised its outlook for Ireland to stable from negative.
The change comes just days after the Government, led by Finance Minister Michael Noonan, secured a deal on the Anglo promissory note debt with the European Central Bank.
The move "reflects our expectation that the exchange of promissory notes for longer-term government bonds significantly reduces the Irish government's debt-servicing costs and refinancing risk, and supports medium-term fiscal consolidation,” S&P said in a statement.
Irish independent full report