Fitch Teleconf: Ireland in 2014; 16 December; 14:00 GMT/15:00 CET

Thu Dec 12, 2013 9:01am EST

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(The following statement was released by the rating agency) LONDON, December 12 (Fitch) As Ireland prepares to be the first eurozone country to exit the Troika (IMF, ECB, EU) programme, Fitch Ratings is hosting a teleconference discussion on Monday 16 December at 14:00 GMT/15:00 CET, where senior analysts from our Sovereign, Banks and Structured Finance teams will discuss their credit expectations for the country going into the new year. Specifically, is the country at a turning point? Ireland remains a highly indebted country and the financial system is still vulnerable with banks' loan portfolios deteriorating, despite public recapitalisation and the authorities' renewed efforts to accelerate mortgage resolution. Topics to be covered in this discussion will include: - Sovereign rating sensitivities and Ireland's relative standing in the broader eurozone periphery - Irish bank challenges in 2014: Asset quality drivers, profitability, long-term capital generation, central bank provisioning, ECB Asset Quality Review and EBA Stress Test, rating triggers. - Irish housing market: Outlook for house prices, mortgage arrears and resolution schemes, mortgage affordability, impact on Irish RMBS This will be followed by a question and answer session. Questions can be emailed in advance to Teleconference Details: Date: Monday 16 December Time: 14:00 GMT/15:00 CET Registration: here Contact: Rachel Cros Director, Business & Relationship Management +44 203 530 1356 Fitch Ratings Limited 30 North Colonnade London E14 5GN Media Relations: Peter Fitzpatrick, London, Tel: +44 20 3530 1103, Email: Additional information is available at Applicable Criteria and Related Research: Peer Review: Irish Banks - Amended here Ireland here 2014 Outlook: European Structured Finance here ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: here. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

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