Fitch upgrades Ireland's credit

Fitch Ratings on Friday upgraded Ireland's credit rating one notch to A-minus and the country ceiling to triple-A, the highest rating, citing the country's improved fiscal condition.

According to Fox Business, Ireland has remained compliant with domestic and euro-zone fiscal rules after its exit from a 2010 bailout from the European Union and International Monetary Fund.

The country's unemployment rate fell to 11.5 percent in July from a peak of 15 percent in early 2012.

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