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This content is a press release from our partner BusinessWire. The AP newsroom and editorial departments were not involved in its creation.

KBRA Releases Macro-Market Research on Ireland: KBRA Will Look to Fundamentals in Event of No-Deal Brexit

January 24, 2019

DUBLIN--(BUSINESS WIRE)--Jan 24, 2019--Kroll Bond Rating Agency’s (KBRA) latest macro-market comment provides KBRA’s insights surrounding our treatment of the United Kingdom’s (UK) departure from the European Union (“Brexit”) as it relates to Ireland’s sovereign credit rating. KBRA’s view on Ireland is based upon the expectation that Brexit will prove manageable for the country due to two main reasons: (1) a “soft” rather than “no-deal” Brexit appears more likely at this point, and (2) our expectations for Ireland’s economic resilience to remain resolute post-Brexit. KBRA would likely revisit Ireland’s credit rating if it turns out that the eventual Brexit outcome would have a material long-term impact on the country’s economic and fiscal profile. KBRA ratings are based upon a critical evaluation of credit risk fundamentals—matters related to ability and willingness to pay debts—and are not a reaction to headlines.

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About KBRA and KBRA Europe

KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus, is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190124005121/en/

CONTACT: Analytical Contacts:

Alan Madden, Director

+353(1) 669-2683

amadden@kbra.comJoan Feldbaum-Vidra, Managing Director

+1 (646) 731-2362

jfeldbaumvidra@kbra.com

KEYWORD: UNITED KINGDOM EUROPE IRELAND

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE INSURANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2019.

PUB: 01/24/2019 04:00 AM/DISC: 01/24/2019 04:01 AM

http://www.businesswire.com/news/home/20190124005121/en