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Nov 24 2022, 15:35 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||744c|
|permanent tsb Group||OUTPERFORM||04/02/21||Neutral||06/03/19||171c|
The increase in the countercyclical capital buffer (CCyB) to 1ppt is in line with the Central Bank of Ireland’s (CBI) guidance and it remains its view that a 1.5ppt rate is the neutral Irish rate. Consolidation in the domestic market may impact the other significantly important institutions buffer (O-SII) – it will be at least another year (and perhaps two) before we understand how this will play out – which is unfortunate given that clarity on capital buffers remains an important facet of investment cases.