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

DUBLIN–(BUSINESS WIRE)–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.


Analytical Contacts:
Madden, Director
+353(1) 669-2683

Joan Feldbaum-Vidra, Managing Director
+1 (646) 731-2362