Brexit-Related Security Risks to Island of Ireland Won't Go Away
The events during the first few months of 2021 - including trade disruptions to and from the island of Ireland, stressed vaccine coordination between the U.K. and the EU, and revived social tension in Northern Ireland - point to the complexities ahead. DBRS Morningstar expects solutions will be found that avoid violent worst-case scenarios. This means recent events have no immediate ratings implications for the Republic of Ireland (A (high), Stable) or the United Kingdom (AA (high), Stable). But if current challenges are left unaddressed or if relations are poorly managed, the post-Brexit period could threaten renewed social tension on the island of Ireland.
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