S&P affirms Ireland's BBB-plus credit rating, outlook negative

NEW YORK Fri Jan 11, 2013 12:07pm EST

NEW YORK Jan 11 (Reuters) - Standard & Poor's on Friday affirmed Ireland's BBB-plus sovereign credit rating, citing strong progress in stabilizing its fiscal position but noting risks from its high debt burden and challenges complying with its fiscal reform program.

The rating remains with a negative outlook the firm said in a statement.