Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Dr. Michael Somers:

That's fair, yes. I suppose our happiest position would have been to have no exposure to Anglo but we did agree with them, when they got an upgrade - I think it was a short-term upgrade - from one of the credit rating agencies that, sort of, brought them into the parameters where we said we'd lend money, that-----

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