Fitch Hails 'Resilience' of Mortgage Holders [Eire Region]

Daily MailMarch 24, 2009

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Summary


THE repayment record of Irish home mortgage holders remains 'resilient', according to the rating agency Fitch.

As a result, it says, the ability of banks to raise money for home loans on the financial markets is not being affected by the state of the country's finances. Fitch says it doesn't expect its current negative outlook on Irish Government borrowing to affect the ratings of big financial deals backed by mortgages.

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Fitch Hails 'Resilience' of Mortgage Holders [Eire Region]

And it has even...

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