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Fitch assigns ratings to Allied Irish Banks' holding company

Fitch Ratings on March 7 assigned AIB Group Plc, the holding company of Allied Irish Banks Plc, BBB-/F3 long- and short-term issuer default ratings, with a positive outlook on the long-term rating.

Fitch also assigned the holding company a "bbb-" viability rating, a 5 support rating and a No Floor support rating floor.

Additionally, the rating agency affirmed the BBB-/F3 long- and short-term issuer default ratings, BBB- senior long-term debt rating, F3 short-term debt rating and 2 support rating of unit EBS DAC, and withdrew all the ratings for commercial reasons. The outlook on the long-term issuer default rating was positive.

The ratings of AIB Group are based on its role as the ultimate parent of the Allied Irish Banks group and are aligned with those of AIB. The equalization of AIB Group's issuer default ratings and viability rating with AIB also reflects Fitch's expectation of no material restrictions to the transfer of capital and liquidity across entities within the group, subject to the companies meeting regulatory capital and liquidity requirements.