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Apr 4 2024, 07:05 IST/BST
Ratings and price correct at time of issue
Company | Rating | Date | Previous Rating | Date | Closing Price |
---|---|---|---|---|---|
AIB Group | OUTPERFORM | 23/01/19 | Neutral | 14/08/18 | 494c |
Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 967c |
permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 140c |
AIB Group’s (AIBG) directed buyback proceeds in line with management expectations and at current valuation would decrease the State’s holding by c.5 percentage points. Permanent tsb Group’s (PTSB) bond issuance, which saw a significant tightening of spreads relative to previous issuance, is reflective of its improved credit standing and investment grade credit rating. Finally, household deposits resumed growth in February with growth in current and term accounts; however, no acceleration in term deposit growth is evident. While this is only one month, it will be earnings positive if the trend continues.
Apr 4 2024, 07:05 IST/BST