Anglo...

Skinner

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Oct 6, 2010
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...just downgraded to junk, on Bloomberg TV.

No other details as yet.

If this is a duplicate thread please delete mods.

Edit: my bad.

Now they are saying its AIB thats gone to junk status :rolleyes:
 
Last edited:


collina

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...just downgraded to junk, on Bloomberg TV.

No other details as yet.

If this is a duplicate thread please delete mods.

Edit: my bad.

Now they are saying its AIB thats gone to junk status :rolleyes:
That should be "upgraded to junk" surely? petunia
 

Cassandra Syndrome

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News Headline Summary
S&P lowers Irish bank ratings follow sovereign downgrade
News Headline Summary
Anglo Irish Bank cut six notches by S&P to junk from BBB
Ebbs and flows...
 

Cassandra Syndrome

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Standard & Poor’s Ratings Services said it lowered the counterparty credit ratings on Anglo Irish Bank Corp. Ltd. six levels to B, or below investment grade, from BBB. The ratings remain on CreditWatch with negative implications, S&P said.
Turning the corner
 

Cassandra Syndrome

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Allied Irish Banks Plc and Bank of Ireland Plc’s senior debt slumped on concern the government will force some of the cost of bailing out the country’s banks on senior bondholders.

European Union and International Monetary Fund officials are taking legal advice on how senior bondholders can share the cost of Ireland’s 85 billion-euro ($113 billion) bailout without triggering lawsuits, the Irish Times reported today, without saying where it got the information.
The worst is over
 

HarshBuzz

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meh, priced in by the markets for a long time

nothing to see here

wait until they downgrade Bank of Ireland to junk status!
 

Sucker Punch

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Going forward.
 

johnnypockets

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The traitors who agreed to supporting these monetary black holes need to be treated accordingly. Do people have the appetite?
 

Skinner

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Bloomberg TV anchor "Its a bloodbath for European bonds!"

Wonder how things will look on Monday morning?
 

Fir Bolg

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'There are no talks on an application for emergency funding from the European Union'
 

MPB

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Nov 27, 2009
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Now might be a good time to pay in full, the bondholders covered by the blanket guarantee.

No reason to default at all. The markets have just made the whole thing affordable.
 


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