Morningstar DBRS Upgrades Republic of Ireland to AA, Changes Trend to Stable from Positive

DBRS Ratings GmbH (Morningstar DBRS) upgraded the Republic of Ireland's (Ireland) Long-Term Foreign and Local Currency - Issuer Ratings to AA from AA (low) and changed the trends on the ratings to Stable from Positive. At the same time, Morningstar DBRS upgraded its Short-Term Foreign and Local Currency - Issuer Ratings to R-1 (high) from R-1 (middle) and changed the trends on the ratings to Stable from Positive. Also, Morningstar DBRS upgraded Ireland's USD 50 billion Euro-Commercial Paper Programme (ECP Programme) Rating to R-1 (high) from R-1 (middle) and changed the trend on the rating to Stable from Positive.