DBRS Morningstar Releases: 2020: A Pivotal Year for Ireland’s New Government

DBRS Morningstar released a commentary that explains the key external risks to Ireland and why 2020 may prove a pivotal year for the new Irish government. As the new year progresses, DBRS Morningstar should have greater clarity around the key risks to Ireland, including the risks associated with the UK’s decision to exit the European Union, pending changes to global tax policy, and shifts in the US-EU trade policy. How Irish policymakers and the economy react to these unfolding external challenges could indicate whether Ireland has increased its resiliency

“Even though Ireland’s credit quality has improved over the last few years due to strong macroeconomic performance, its sovereign ratings remain sensitive to a set of potential external risks that lie outside of Ireland’s control,” said Jason Graffam, Vice President of Sovereign Ratings at DBRS Morningstar. “Evidence that authorities appropriately navigate the external challenges discussed in this commentary without a material derailment of progress made to the country’s macroeconomic performance is important for DBRS Morningstar’s assessment of Ireland’s credit strength.”

The commentary: 2020: A Pivotal Year for Ireland’s New Government is available at www.dbrs.com.

For more information on 2020: A Pivotal Year for Ireland’s New Government visit www.dbrs.com or contact us at info@dbrs.com.

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