Fitch sees coercive exchanges likely in Ireland
Holders of sub debt in Irish banks may have losses forced on them, Fitch said on April 4, as it downgraded the subordinated securities of three institutions. The downgrades come after Moody’s lowered Irish Life & Permanent’s subordinated debt ratings on April 1.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts