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Nov 5 2018, 08:50 GMT
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||624c|
|permanent tsb Group||OUTPERFORM||01/08/18||Neutral||03/08/17||194c|
The positive outcome for AIB and BOI in the EBA stress test exercise is welcome and should help the banks to retrace some of their recent underperformance. The outcome is testament to the significant non-performing loan (NPL) deleveraging activity and improved capital strength since the last exercise. This progress will continue and the stress test result does not suggest to us any easing of the regulatory scrutiny on NPLs, which remain a priority.