Friday April 10, 2020

Ireland's strong economy good for Nama debt says S&P

Nama's eventual wind-down does not diminish its policy role

9th December, 2015
In 2014, NAMA made a profit after impairment and tax of 458 million Pic: Rollingnews.ie

Ireland's strong economic performance has boosted Nama's debt, with ratings agency Standard & Poor's affirming its A+/A-1 rating today.

According to today's report, "there is an almost certain likelihood of the Irish sovereign providing extraordinary support to the National Asset Management Agency (NAMA) in the event of financial distress, based on its critical policy role in restoring stability to the Irish banking system, and integral link with the Irish government."

NAMA's senior borrowings are...

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