Fitch Ratings rises Ireland credit outlook on government efforts

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Fitch Ratings improved Ireland's credit prospects from negative to stable, as the government puts a lot of efforts to be the first euro-region country to exit bailout. Also, the credit agency confirmed its BBB+ rating, as the narrowing fiscal deficit and the expectations that domestic banks probably will not need more capital injections. Fitch's decision was supported by the other leading credit agency Moody's, as it took away a warning that Ireland might experience losses on investors.
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