Moody’s cuts Anglo Irish covered, Fitch reviews AIB

Moody’s cut covered bonds issued by Anglo Irish Bank Corporation (Anglo Irish) and Anglo Irish Mortgage Bank (AIMB) from Aaa to Aa2, on review for possible downgrade, on Friday, because of concerns over the liquidity of commercial assets backing the covered bonds. Meanwhile, Fitch put AIB Mortgage Bank’s mortgage covered securities on Rating Watch Negative.