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Apr 17 2019, 06:30 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||592c|
|permanent tsb Group||NEUTRAL||06/03/19||Outperform||01/08/18||128c|
The agreed six-month Brexit extension, while removing the near-term risk of a catastrophic hard-Brexit scenario for Irish SMEs, does little to facilitate medium-term financial planning and investment. Bank lending to the SME sector is therefore likely to remain weak. By contrast, clarity through a favourable Brexit agreement could herald the long-awaited turn towards growth. Although the crisis experience still weighs on a cautious sector, forecast domestic growth would suggest increased borrowing demand following several years of under-investment.