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Irish economy to remain attractive even if Brexit deal doesn't happen: S&P

"The government has amassed substantial fiscal buffers to offset the risk of an external shock, such as a sudden falloff in corporate tax receipts or a no-deal Brexit," S&P said in a statement

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FILE PHOTO | A worker counts ballots after polling stations closed in the Referendum on the European Union in Islington, London, Britain, June 23, 2016. Photo: Reuters

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Ireland had its credit score boosted on Friday by S&P Global Ratings, which said the nation’s economy should remain competitive and attractive to foreign investors even if its nearest neighbor, the U.K., tumbles out of the European Union without an exit agreement.

“The government has amassed substantial fiscal buffers to offset the risk of an external shock, such as a sudden falloff in corporate tax receipts or a no-deal Brexit,” S&P said in a statement. “Irish growth and employment outcomes continue to rank among the strongest in the developed world.”

The credit assessor lifted Ireland’s rating to AA-, its fourth-highest score, and

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First Published: Nov 30 2019 | 7:58 PM IST

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