Irish Life & Permanent*
Irish Life & Permanent plc is rated by Moody’s and Standard and Poor’s. The table below details the current credit ratings.
| |
Moody’s |
Standard & Poor’s |
| Senior Debt |
|
|
| Short-term covered by Irish Govt. Guarantee Scheme |
P-1 |
A-1 + |
|
|
|
| Long-term covered by Irish Govt. Guarantee Scheme |
Aa2 |
AA |
|
|
|
| Short-term issued outside Irish Govt. Guarantee Scheme |
P-2 |
A-2 |
|
|
|
| Long-term issued outside Irish Govt. Guarantee Scheme |
A3 |
BBB+ |
|
|
|
| Outlook |
|
|
| Under Irish Govt. Guarantee Scheme |
Stable |
Negative
Outlook |
|
|
|
| Outside Irish Govt. Guarantee Scheme |
Stable |
Negative
Outlook |
Irish Life Assurance
Irish Life Assurance plc is separately rated by Fitch and S&P. The credit ratings are listed below.
| |
Fitch |
Standard & Poor’s |
| Financial Strength |
A- |
BBB+ |
| Outlook |
Negative Outlook |
Negative Outlook |
*Note: Irish Life & Permanent released the following RNS to the Irish Stock Exchange on 28th October 2008:
Irish Life & Permanent confirm that it has been specified as a covered institution by the Minister for Finance under the Credit Institutions (Financial Support) Scheme 2008.
The covered liabilities (retail & corporate deposits, interbank deposits, senior unsecured debt, covered bonds and dated subordinated debt) of Irish Life & Permanent Plc, together with those of its Isle of Man subsidiary, Irish Permanent International (IOM) Ltd., are now subject to a government guarantee which will remain in force until September 2010.
The terms of the guarantee are set out on the Irish government's web site
|
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