Brendan Burgess
Founder
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Wow!
The chickens are really coming home to roost.
www.independent.ie
Charlie Weston reports:
Now Moody’s has looked at the latest overcharging admission at AIB Group and said it is a negative.
“Although the expense is modest, it is credit negative for AIB, particularly from a social risk perspective, as well as the additional pressure it puts on its bottom line amid low credit demand and increased loan-loss provisions in the coronavirus-induced recession.”
Credit negative indicates that the agency has noted a circumstance that might cause it to downgrade the company’s credit rating in the near future. Social risk comes from activities that affect the communities around the business.
The chickens are really coming home to roost.
Credit ratings agency warns AIB over tracker mortgage overcharging cost
THE latest tracker mortgage overcharging controversy at AIB has caused a leading credit ratings agency to slap a “credit negative” notice on the bank.
www.independent.ie
Charlie Weston reports:
Now Moody’s has looked at the latest overcharging admission at AIB Group and said it is a negative.
“Although the expense is modest, it is credit negative for AIB, particularly from a social risk perspective, as well as the additional pressure it puts on its bottom line amid low credit demand and increased loan-loss provisions in the coronavirus-induced recession.”
Credit negative indicates that the agency has noted a circumstance that might cause it to downgrade the company’s credit rating in the near future. Social risk comes from activities that affect the communities around the business.