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

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

    Its a daily assault at this stage

    S&P Cuts Allied Irish From A- To BBB+ | zero hedge
    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich A. Hayek

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

  3. #3

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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.
    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich A. Hayek

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    Politics.ie Member sport02's Avatar
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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.

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    Another corner turned.

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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

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    Politics.ie Member HarshBuzz's Avatar
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    Quote Originally Posted by sport02 View Post
    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
    “'retail deposit flight, I don't see that as a great danger. Ireland is an island” - Brian Lenihan - to hundreds of international investors

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    Quote Originally Posted by sport02 View Post
    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.

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    Politics.ie Member Ulster-Lad's Avatar
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    Thats our good bank, remember.
    ‘The Great only appear great because we are on our knees: Let Us Rise!’ “ (James Larkin)

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    Politics.ie Member Hewson's Avatar
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    Quote Originally Posted by Skinner View Post
    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.
    Abortion is an act of violence. Violence demeans humanity, particularly violence against women and children.

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