Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

That brings me to my next question because one of the functions of the NTMA is to issue bonds on behalf of the Irish State and obviously bonds at that time had a particular rating to them. Did they give any ... or offer any opinion, by your recollection, as to how it might affect Ireland's rating if a blanket guarantee, or any type of guarantee, was put in place?

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