Ireland's credit rating was downgraded to as low as 'junk' status by one the world's leading ratings agencies when it was in the international bailout programme. Photograph: Cyril Byrne

Ireland has an “elevated probability” of seeing its creditworthiness upgraded to within one level of the top-notch AAA grade this year, according to analyst with S&P Global, one of the world’s largest credit ratings agencies.

Samuel Tillaray, a sovereign ratings analyst with S&P, said during a presentation for debt investo

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