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Feb 9 2018, 08:35 GMT
Ratings and price correct at time of issue
|Company||Rating||Date||Previous Rating||Date||Closing Price|
|AIB Group||NEUTRAL||03/08/17||Under Review||28/10/16||550c|
|Bank of Ireland||OUTPERFORM||11/03/13||Neutral||14/08/12||764c|
|permanent tsb Group||NEUTRAL||03/08/17||Outperform||03/10/16||216c|
The government’s intervention in the mortgage market with an affordable mortgage scheme has dominated investor attention of late. We do not believe this represents a significant threat to competition and expect the scheme to remain a niche offering. The bigger picture is one of a government willing to do whatever it takes to support the housing market, underpinning our confidence in the continued growth in new mortgage lending.