Banking

S&P raises Ireland's rating on strong fiscal measures, economic growth

S&P Global Ratings said on Friday that it raised Ireland's long-term and short-term foreign and local currency sovereign credit ratings to 'AA-/A-1+' from 'A+/A-1', commending the country's strong fiscal measures and economic growth.

Nov 29 (Reuters) - S&P Global Ratings said on Friday that it raised Ireland's long-term and short-term foreign and local currency sovereign credit ratings to 'AA-/A-1+' from 'A+/A-1', commending the country's strong fiscal measures and economic growth.

"The outlook is stable because we expect that, despite external risks -- including the possibility of a no-deal Brexit -- the Irish economy will remain competitive, flexible, and attractive to foreign investment", S&P said in a statement.

(Reporting by Sathvik N in Bengaluru; Editing by Sandra Maler)

((Sathvik.N@thomsonreuters.com; +1-646-223-8780, outside N.America, +91-80-6749-2783;))

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