Ratings agency Standard and Poor's has affirmed its long- and short-term credit ratings on Ireland, because of solid economic growth and the healthy state of Government finances.
The agency maintained its AAA long-term rating and its A-1 short-term credit rating, adding that its outlook on Ireland was 'stable'.
'The ratings on the Republic of Ireland are supported by the diversified and flexible nature of the economy, strong general government finances and favorable demographic structure and future pension liabilities,' credit analyst Trevor Cullinan said in a statement.
The agency also noted that economic growth had outperformed the AAA average since 1995, bolstered by sizeable foreign direct investment inflows, strong productivity gains and employment growth.
