Fitch revises Ireland's outlook to stable from negative, affirms BBB+ (Córdoba) - Fitch Ratings revised the outlook on Ireland rating to stable from negative while affirming the country's long term debt at 'BBB+'.

"The affirmation and revision of the Outlooks to Stable from Negative reflects Ireland's continued progress with its fiscal consolidation, external adjustment and economic recovery, as well as the sovereign's improved financing options", said Fitch in a statement. "Fitch judges that the risks surrounding the adjustment path have narrowed and become more balanced, reflecting the following factors".