— Stephanie Grogan (@StephGrogan3) May 15, 2014
Moody’s to upgrade Ireland rating tomorrow, according to 6 of 9 analysts. More on @BloombergNews
— Dara Doyle (@DaraDoy) May 15, 2014
Moody’s is upgrading its view as Irish employment grows, the government deficit narrows and the wider crisis which threatened the euro-region’s future passes…Irish mortgage loans in arrears by more than three months rose to a record 18.4 percent in the first quarter, Fitch Ratings said this week.
“Some investors may scratch their head about valuations for Ireland,” Rainer Guntermann and David Schnautz, analysts with Commerzbank AG, wrote in a note to clients this week, adding the economic backdrop was “mixed.”
We’re going from Banjaxed to Mahogany Banjaxed.