One of the major ratings agencies has taken Ireland's rating out of 'junk' status.

Moody's has put Ireland in 'investment' grade after two-and-a-half years.

It's also marked its outlook for Ireland's rating as 'positive' - meaning the rating could be increased even further.

Moody's says the exit from the bailout, the issue of new bonds last week, and a growing economy are all factors in its increase.

NAMA's credit rating has also been raised.