Standard & Poor's is placing its 'BBB+' long-term and 'A-2' short-term sovereign credit ratings on the Republic of Ireland on CreditWatch with negative implications. The CreditWatch placement is prompted by our concerns about the potential impact on Ireland of what we view as deepening political, financial, and monetary problems within the European Economic and Monetary Union. Our CreditWatch review will focus on the "political," "external," and "monetary" scores we have assigned to Ireland in accordance with our criteria. We expect to conclude our review as soon as possible after the European summit on Dec. 9, 2011. LONDON (Standard & Poor's) Dec. 5, 2011--Standard & Poor's Ratings Services today placed its 'BBB+' long-term and 'A-2' short-term sovereign credit ratings on the...
Companies mentioned in this report are:
- Ireland (Republic of)
- Housing Finance Agency PLC
- National Asset Management Ltd.
Action: On CreditWatch:Negative
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
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