March 28, 2014 / 5:12 PM / 3 years ago

DBRS lifts Irish rating outlook to stable from negative

DUBLIN, March 28 (Reuters) - Rating agency DBRS lifted its outlook on Irish sovereign debt to stable from negative on Friday, reducing concern of a downgrade that would force the European Central Bank to discount its value as collateral.

Toronto-based DBRS left Ireland's A (low) rating unchanged, which is within the investment-grade category and a notch or two higher than they are rated by the big three agencies, Standard & Poor's, Moody's and Fitch. (Reporting by Conor Humphries)

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