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Moodys upgrades Ireland by 2 notches on faster growth

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Moody’s raised its credit grade for Ireland Friday by two steps, to Baa1 from Baa3, citing the impact faster growth will have on improving the country’s debt profile.

The upgrade stems from “the significantly improved outlook for Ireland’s medium-term debt trajectory, given the pick-up in growth momentum in the last few months,” Moody’s said.

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