Ireland’s credit rating
was recently modified, being upgraded from A to A+
. The change in the country’s credit rating
was established by Fitch
, the international credit rating agency.
Investors interested in company formation in Ireland
should know that A+ credit rating
shows a stable economy
. It is important to know that in the last years (2014-2017), Fitch
awarded to Ireland credit ratings
that showed a stable and positive outlook
regarding the local economy. Our team of consultants in company registration in Ireland
can advise on this subject.
Fitch’s rating scale
The credit rating agency
uses a rating scale
to evaluate the current conditions of a particular economy. Its analysis is carried out on a short-term and long-term basis
. Long-term credit scale
ranges from D (default)
showing that a certain economy deals with numerous economic issues, including bankruptcy
, to AAA
, which is the highest rank
a country can be awarded by Fitch
The AAA rating
shows that Fitch
considers that a particular jurisdiction has a strong capacity to complete its financial obligations
and that no foreseeable events will change the current situation of the economy.
A+ rating in Ireland
The rating A is divided amongst three main categories which can be established by Fitch for a particular economy (A+, A, A-), A+ being the upper threshold of this category. The category shows that a country, in this case, Ireland, has a high credit quality and that its capacity to pay its financial obligations is strong. However, this also shows a moderate risk of being affected by various economic issues.
can also issue ratings
created for the banking sector
, taking into account all types of financial institutions
, from private banks
to investment banks
Investors interested in knowing more on the Irish banking system
can contact our team of specialists in company registration in Ireland
for consultancy services.