Economic and Investment Outlook

Credit Ratings for Ireland S&P upgrade in May 2023; Ireland rated in AA category by all Rating Agency Long-term Standard & Poor's AA Fitch Ratings Moody's DBRS Morningstar Short-term Outlook/ Trend Date of last rating change A-1+ Stable May 2023 Date of next review 17th Nov 2023 AA- F1+ Positive Jan 2022 H2 2023 Aa3 P-1 Stable Apr 2023 20th Oct 2023 AA(low) R-1 (middle) Stable Jan 2022 3rd Nov 2023 R&I AA- a-1 Stable Feb 2022 Q1 2024 KBRA Scope AA K1+ Stable May 2023 27th Oct 2023 AA- S-1+ Positive May 2021 15th Sept 2023 Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency 41

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