Market Overview

KBRA Releases Macro-Market Research: Ireland's Politics Assist Stable Macro Policies


Kroll Bond Rating Agency (KBRA) releases a macro-market commentary,
"Ireland's Politics Assist Stable Macro Policies." Ireland stands out
prominently among its peer group of advanced economy sovereigns for
several reasons – competitiveness and dynamism amongst them – but policy
continuity and coherence are also similarly remarkable and
distinguishable. The report discusses how Ireland's recent economic
crisis did have an impact on political stability; it decimated the
incumbent Fianna Fáil party, resulting in a changeover of power to a
Fine Gael-led coalition, followed later by a Fine Gael-led minority
government. However, the overall policy stance regarding key issues –
including some critical to sovereign credit analysis such as fiscal
policy, European integration, and international affairs -- has remained
largely unchanged. This macro-market comment discusses how historical
and country specific factors have played a key role in the evolution of
a harmonised and stable policy agenda in Ireland.

To access the full report, click here.


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About KBRA and KBRA Europe

KBRA is a full service credit rating agency registered with the U.S.
Securities and Exchange Commission as an NRSRO. In addition, KBRA is
designated as a designated rating organization by the Ontario Securities
Commission for issuers of asset-backed securities to file a short form
prospectus or shelf prospectus, is recognized by the National
Association of Insurance Commissioners as a Credit Rating Provider, and
is a certified Credit Rating Agency (CRA) by the European Securities and
Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is
registered with ESMA as a CRA.

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