Moody’s changes Allied Irish Banks view

Moody's Investors Service said it affirmed all ratings on Allied Irish Banks, plc.

The agency also changed the outlook on the long-term ratings to positive from stable.

Moody’s said the positive outlooks assigned to the senior unsecured and deposit ratings reflect both on-going improvement in asset quality, which could lead to an upgrade of the bank's baseline credit assessment of ba1 over the outlook period, and a potential reduction in loss-given-failure for deposits and senior debt given the additional protection provided by debt securities to be issued by AIB Group plc.

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