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Forex pairs in this Article » EUR/USD (Córdoba) - Fitch Ratings affirmed the Republic of Ireland's ratings at BBB+ Thursday, with stable outlook.

Among key rating drivers, Fitch cited Ireland progress with fiscal consolidation and solidification of its market access in 2013. However, the agency emphasized the government's fiscal consolidation plans for 2014 and 2015 are substantial and the measures have yet to be specified and noted that persistent vulnerabilities remain in the banking sector.

Fitch said it did not anticipated developments that would require a ratings downgrade, however the potential need for further bank recapitalization by the state, or weaker-than-expected economic performance, could impact that.
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