Another Downgrade. AIB cut to BBB+ by S&P



Cael

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Im just surprised this Zombie bank has that high of a rating.
 

Cassandra Syndrome

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Sorry, just noticed lonemother has already posted this before me on the AIB thread from the same source. Mod please merge.
 

sport02

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AIB passed the european stress test a couple months ago, the Irish goverment have put billions into it.
This is starting to feel like, an all out war, with europe regarding our finances and banks.
 

Skinner

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Was just on BloombergTV as BBB-

Share price now headed close to 1.00, was 1.50, Sept 10th it was at 2.0

This trend keeps going the entire outfit will soon valued less than 200m
 

HarshBuzz

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AIB passed the european stress test a couple months ago, the Irish goverment have put billions into it.
This is starting to feel like, an all out war, with europe regarding our finances and banks.
sport, we (i.e. the Financial Regulator and the Central Bank) administered these stress tests for AIB

the stress test for AIB was an Irish con job (7.4bn increased to 10.4bn in the space of two months) and we have lost huge credibility because of it, especially Honohan and Elderfield

AIB is now about to face a funding squeeze which will jack up their borrowing costs again. It's a vicious circle
 

Cael

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AIB passed the european stress test a couple months ago, the Irish goverment have put billions into it.
This is starting to feel like, an all out war, with europe regarding our finances and banks.
Those "stress tests" are completely fake. It almost impossible to fail one.
 

Ulster-Lad

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Thats our good bank, remember.
 

Hewson

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Was just on BloombergTV as BBB-

Share price now headed close to 1.00, was 1.50, Sept 10th it was at 2.0

This trend keeps going the entire outfit will soon valued less than 200m
God be with the heady days of a Euro a share. It's 40 cents, and heading south.
 
Joined
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Was just on BloombergTV as BBB-

Share price now headed close to 1.00, was 1.50, Sept 10th it was at 2.0

This trend keeps going the entire outfit will soon valued less than 200m

Excellent stuff, 200m you say, Wait For Lenny to buy the remainding lot for €8 bill then.
 

HarshBuzz

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Thats our good bank, remember.
ILP is our 'good bank' ;)

if I had to rank them in decreasing order of 'badness', it would be:

Anglo
Irish Nationwide
AIB
BoI
EBS
ILP
 

Holy Cow

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Seeing as this is a nationalised bank, is the grading a reflection on the states ability to repay the bonds?
 

EvotingMachine0197

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Was just on BloombergTV as BBB-

Share price now headed close to 1.00, was 1.50, Sept 10th it was at 2.0

This trend keeps going the entire outfit will soon valued less than 200m
Thems the Dollar ADR prices I suspect.
 

HarshBuzz

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Seeing as this is a nationalised bank, is the grading a reflection on the states ability to repay the bonds?
aha!

yes, it is

the State = the banks and the banks = the State

from a debt investor point of view anyway
 

sport02

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God be with the heady days of a Euro a share. It's 40 cents, and heading south.

Wasn't AIB along with CRH once listed in the top 100 index shares in europe, this has gone horribley wrong for AIB, not to mention Anglo.
 

jake76

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aha!

yes, it is

the State = the banks and the banks = the State

from a debt investor point of view anyway
No, a Ministers viewpoint unfortunately
 

Anorakphobia

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Pound for pound INBS is clear winner, ahead of even Anglo.

Lienihan and his donkies dont want the stigma of having Ireland's largest financial institution nationalised so we will continue the charade.
 

Skinner

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God be with the heady days of a Euro a share. It's 40 cents, and heading south.
Was looking at AIB:NYSE on Google finance.
A year ago it was at 9, now its 1.15 so near 90% decline?

AIB.IR was at 3.0 a year ago, now at .40 which is an almost identical decline.

Dear god, this thing is going to be rated junk before long at this rate :confused:

Why are the govt dumping more cash into this black hole?
I mean, it makes no sense at all, does it?
 


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