Oireachtas Joint and Select Committees

Tuesday, 7 July 2020

Special Committee on Covid-19 Response

Impact of Covid-19: Overall Fiscal and Monetary Position

Photo of Jennifer Carroll MacNeillJennifer Carroll MacNeill (Dún Laoghaire, Fine Gael)
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I want to ask about relative positioning versus other countries from an investor perspective. Mr. O'Connor mentioned in his statement that just five years ago Ireland was rated sub-investment grade by Moody's. I recall back in 2009 and 2010 that the perspective taken by investors on Ireland was something akin to semi-developed South American democracies. Will Mr. O'Connor give us a relative context? He has put out there how we are now comparable to France and Belgium. Where were we five years ago?