Ireland Regains Investment Grade From Moody’s, Outlook Positive

[Beet]

Last week, the country’s debt office sold new 10-year bonds through a group of banks at the lowest cost of borrowing for more than 13 years. Ireland left its bailout program in December.

An upgrade is “perhaps past due,” Chris Chapman, a Boston-based trader at Manulife Asset Management, which owns more than $200 million of Irish bonds, said before the decision was announced. “We’ve seen the other agencies continue to have a positive outlook for the credit as well.”

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[eric82oslo]

Last week, the country’s debt office sold new 10-year bonds through a group of banks at the lowest cost of borrowing for more than 13 years. Ireland left its bailout program in December.

So many brilliant economic news from Europe lately it seems. And even from the US. No wonder several Western stock exchanges keep reaching new all time highs. The Oslo stock exchange has reached all time high at least twice this week alone. And quite a few more in the past weeks.