Irish ACS upgrades to single A will draw in new investors
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Covered Bonds

Irish ACS upgrades to single A will draw in new investors

Moody’s upgrade of Irish covered bonds will expand the universe of demand. The rating action should underpin the Irish ACS market’s recent outperformance, that has been led by the Bank of Ireland’s recent five year. However, despite the real estate market stabilising, two Irish banks were downgraded due to persistent asset quality challenges.

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