Rating On Republic of Ireland Affirmed At 'BBB+' On Ongoing Commitment To Stabilizing Public Finances; Outlook Stable Aug 11

Standard & Poors, August 2011

Abstract
LONDON (Standard & Poor's) Aug. 5, 2011--Standard & Poor's Ratings Services today affirmed its 'BBB+' long-term sovereign credit rating on the Republic of Ireland. At the same time, the 'A-2' short-term rating was also affirmed. The outlook on the ratings is stable. The transfer and convertibility (T&C) assessment is 'AAA', as it is for all members of the European Economic and Monetary Union (EMU). The affirmation also applies to other ratings that depend on Ireland's sovereign credit rating, including the issuer credit ratings on the National Asset Management Agency (NAMA) and the Ireland-based Housing Finance Agency PLC . The ratings on the Republic of Ireland reflect our view of the government's commitment and capacity to stabilize public finances following a...

Companies mentioned in this report are: Ireland (Republic of),Housing Finance Agency PLC,National Asset Management Agency (NAMA),European Financial Stability Facility
Action: Affirmed
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Ireland (Republic of),Housing Finance Agency PLC,National Asset Management Agency (NAMA),European Financial Stability Facility

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