Ratings agency S&P upgrades Irish outlook to stable from negative - Independent.ie
"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."
More good news in light of the deal struck last week. So not only has our bond yields gone down on foot of the deal, but now we are being upgraded too... Another FF "achievement" lifted from our heads.
More of the same please.