Ratings agency Standard and Poor’s has raised Ireland’s credit rating to A, citing the country’s improved economic growth forecast and its repayment of debt. The move to A from A- was the second time in six months that the ratings agency has upgraded Ireland, which was stripped of its maximum AAA rating amid the financial crisis in 2009 and a subsequent EU-IMF bailout, Business Spectator reported. Now the fastest growing in the eurozone, Ireland’s economy is forecast to grow almost five percent this year, a significant rebound that contrasts with sluggish growth in much of the bloc.
