Saturday October 31, 2020

Fitch may upgrade Irish banks within two years if asset quality improves

The ratings agency said weak asset quality is a hurdle for AIB and Bank of Ireland

18th January, 2016
Fitch has a BB+ rating on AIB

Ratings agency Fitch said that the outlook is positive for the Irish banks but weak asset quality at AIB and Bank of Ireland remain hurdles in the path to upgrades.

Fitch also said the volatility of the Irish economic cycle and the high indebtedness of the private sector was likely to constrain the banks' ultimate rating levels.

However, it said ratings for both banks may be upgraded over the next 12 to 24 months if...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The state’s National Cyber Security Centre is constantly dealing with suspected attacks and urgently needs more resources

Michael Brennan | 1 month ago

We are far less reliant on the UK as a trading partner now than in previous decades — our focus needs to switch to the many challenges and opportunities of the future

Neale Richmond | 1 month ago

Covid-19 and an economic crisis are exacerbating the trauma of this month’s explosion, writes a Concern worker on the ground

Dom Hunt | 2 months ago