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Sep 9 2019, 17:35 IST/BST
Ratings and price correct at time of issue
|Company||Rating||Date||Previous Rating||Date||Closing Price|
|Bank of Ireland||OUTPERFORM||11/03/13||Neutral||14/08/12||385c|
|permanent tsb Group||NEUTRAL||06/03/19||Outperform||01/08/18||108c|
The key take-aways from our investor briefing with the Minister for Finance are that while the economy is facing uncertainties from Brexit it is doing so from a position of strength. Reform of global tax policy presents different challenges and informs the approach to government spending. From a banking perspective, the Minister re-iterated that the state is not a long-term holder of its stakes while regulators understand that individual decisions on capital buffers must also be considered in an overall capital perspective.