DBRS Places Irish Guaranteed Debt of Allied Irish Banks, p.l.c. Under Review Negative, at A (low)

DBRS, Inc. (DBRS) today has placed the A (low) long-term ratings and R-1 (low) short-term ratings of the Irish Government Guaranteed instruments issued by Allied Irish Banks, p.l.c. (AIB or the Group) Under Review with Negative Implications.

This rating action follows DBRS’s placement of the A (low) rating of the Republic of Ireland Under Review with Negative Implications. Today’s rating action does not impact the other ratings of AIB including its Non-Guaranteed Long-Term Deposits and Non-Guaranteed Long-Term Debt ratings, which remain at BBB (low) with a Negative trend.

Notes:
All figures are in EUR unless otherwise noted.

The principal applicable methodology is the Global Methodology for Rating Banks and Banking Organisations. Other methodologies used include the DBRS Criteria – Intrinsic and Support Assessments. Both can be found on the DBRS website under Methodologies.

The sources of information used for this rating include DBRS ratings of the Republic of Ireland. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

This is an unsolicited rating. This rating did not include participation by the rated entity or any related third party and is based solely on publicly available information.

This credit rating has been issued outside the European Union (EU) and may be used for regulatory purposes by financial institutions in the EU.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Lead Analyst: Steven Picarillo
Rating Committee Chair: Roger Lister
Initial Rating Date: 20 October 2005
Most Recent Rating Update: 18 October 2011

For additional information on this rating, please refer to the linking document under Related Research.