Oireachtas Joint and Select Committees

Tuesday, 13 November 2012

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Lending to Small Business: Discussion

3:20 pm

Ms Catherine Collins:

Credit ratings form part of the decisions made by the banks and the Credit Review Office but they do not form the entire decision. At the end of the day the question is whether the bank will lose money. While the credit rating may be taken into account, if the business is viable and we see cashflow that would repay the loan, we are not going to get hung up on it.

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