Irish banks' outlook revised to stable by Fitch

Fitch Ratings has revised the outlook on five Irish banks to stable from negative and upgraded its rating of EBS to BBB, it said.

19th November, 2012
Fitch Ratings has revised the outlook on five Irish banks to stable from negative and upgraded its rating of EBS to BBB.

Fitch Ratings has revised the outlook on five Irish banks to stable from negative, it said.

The ratings agency upgraded upgraded the Long-term Issuer Default Rating (LTIDR) of EBS to 'BBB' from 'BBB-'. It has also affirmed and withdrawn IBRC Mortgage Bank's ratings after it was wound down.

The revision of the Outlook on the Irish banks' LTIDRs to stable follows the affirmation of the Irish sovereign rating at 'BBB+' and revision of the outlook...

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