[Audio] Finance Minster visits Cork and welcomes credit rating

20th May 2014, Tuesday
By Elaine Murphy

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Photo: Charleville, Co Cork Minister for Finance Michael
Noonan canvasses with Senator Deirdre Clune who is running in the European Elections. 

The Minister for Finance has welcomed an improvement in Ireland’s credit

Moody’s announced just before the weekend that it is moving the state up by
two notches to from “Baa3” to “Baa1” saying there is now a “stable

It’s the second time in six months that Moody’s has boosted the rating.

One reason is the recovery in the property market which they say is
reducing the Governments “contingent liabilities”

Minister for Finance Michael Noonan was in Cork Monday afternoon,
canvassing in Charleville with County Council candidate Aileen Brown,
and MEP Candidate Deirdre Clune

Speaking to TheCork.ie Minister Noonan said the new credit rating will have
a positive effect across the board


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