Standard & Poor’s has kept Ireland’s rating unchanged at AA- with a stable outlook following Saturday’s general election. Sinn Féin will seek to get the Green Party and Social Democrats on board before talking to Fianna Fáil about forming a government. The process of forming the next government is likely to be a drawn out one. In a note today S&P said the next government here may choose to relax its budgetary stance by increasing public spending on investment and for social needs, without bringing in revenue-raising measures to off-set this. On the matter of Ireland’s corporate tax rate, the agency does not anticipate any “significant” revisions to the policy.

Source: Irish Independent February 11, 2020 09:56 UTC