*DRAGHI SAYS ECB WOULDN'T RAISE RATES IF BUBBLES EMERGE
— lemasabachthani (@lemasabachthani) July 14, 2014
- We have revised our 2014-2016 average real GDP growth projections for Ireland upward to 2.7% from 2.0%.
- This reflects our expectation of a continued strong external performance and a sustained recovery of the domestic economy.
- We are therefore raising our long-term sovereign credit ratings on Ireland to ‘A-’ from ‘BBB+’. We are affirming the short-term ratings at ‘A-2′.
- The outlook is positive, reflecting our view of at least a one-in-three possibility that we could raise our ratings on Ireland again in the next two years.
On June 6, 2014, Standard & Poor’s Ratings Services raised its long-term foreign and local currency sovereign credit ratings on the Republic of Ireland to ‘A-’ from ‘BBB+’. At the same time, we affirmed the short-term ratings at ‘A-2′. The outlook is positive.
- We are affirming our ‘BBB/A-2′ long- and short-term sovereign credit ratings on the Republic of Italy.
- The affirmation reflects our view of Italy’s wealthy and diversified economy, as well as our expectation that the government will make some progress on important structural and fiscal reforms.
- The outlook on the long-term rating remains negative, reflecting our view of risks to the public sector balance sheet from weak real and nominal growth prospects.
On June 6, 2014, Standard & Poor’s Ratings Services affirmed its unsolicited ‘BBB’ long-term and ‘A-2′ short-term sovereign credit ratings on the Republic of Italy. The outlook on the long-term rating remains negative.
*DRAGHI SAYS ECB HASN’T FINISHED YET
— lemasabachthani (@lemasabachthani) June 5, 2014