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...

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