Fitch Ratings has affirmed
AIBG's other ratings and the ratings on the group's operating companies
All ratings have simultaneously been withdrawn. At the time of withdrawal, the Outlooks were Stable.
A full list of rating actions is below.
Fitch has chosen to withdraw the ratings for commercial reasons. It will no longer provide ratings or analytical coverage of the affected entities.
Key Rating Drivers
The key rating drivers of the issuer and debt ratings on AIBG, AIB and AIBUK are the same as those in the
See https://www.fitchratings.com/research/banks/fitch-affirms-aib-group-at-bbb-outlook-stable-16-09-2022 for details.
Rating Sensitivities
Factors that could, individually or collectively, lead to negative rating action/downgrade:
Not applicable, as the ratings have been withdrawn.
Factors that could, individually or collectively, lead to positive rating action/upgrade:
Not applicable, as the ratings have been withdrawn.
VR ADJUSTMENTS
Not applicable, as the ratings have been withdrawn.
Best/Worst Case Rating Scenario
International scale credit ratings of Financial Institutions and Covered Bond issuers have a best-case rating upgrade scenario (defined as the 99th percentile of rating transitions, measured in a positive direction) of three notches over a three-year rating horizon; and a worst-case rating downgrade scenario (defined as the 99th percentile of rating transitions, measured in a negative direction) of four notches over three years. The complete span of best- and worst-case scenario credit ratings for all rating categories ranges from '
REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF RATING
The principal sources of information used in the analysis are described in the Applicable Criteria.
Public Ratings with Credit Linkage to other ratings
Not applicable, as the ratings have been withdrawn.
ESG Considerations
Unless otherwise disclosed in this section, the highest level of ESG credit relevance is a score of '3'. This means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. For more information on Fitch's ESG Relevance Scores, visitwww.fitchratings.com/esg
Following the withdrawal of ratings Fitch will no longer provide ESG Relevance Scores for AIBG and its entities.
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