Moody’s

Irish banks urged to set aside more money to cover bad loans

Irish banks urged to set aside more money to cover bad loans

Credit ratings agency Moody’s have warned that Irish banks will need to set aside much more money to cover potentially bad loans. The same warning was issued to lenders in Spain, Italy and Britain. In their global banking outlook for 2013, released today, Moody’s said:…
Mortgage defaults on the rise

Mortgage defaults on the rise

The number of Irish mortgages in default continues to rise, according to the latest analysis of statistics by ratings agency Moody’s. The performance of the Irish prime residential mortgage-backed securities (RMBS) market “steadily worsened” during the three months to October 2012, according to Moody’s. From…