AIB’s British operations score highly

FITCH Ratings yesterday gave AIB’s British-based and Channel Islands operations Individual “B” ratings in line with the parent bank’s, despite the fact that it is facing tougher trading conditions and rising bad debts.

Fitch said AIB’s own rating “reflects its sound profitability, good asset quality, limited market risk, and acceptable capitalisation”.

In that context it said AIB Group (UK) and AIB Bank (CI) were “so fully integrated into their parent bank’s strategy, that the ratings reflect the “B” individual rating of the parent bank”.