Oireachtas Joint and Select Committees

Tuesday, 3 July 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Role and Operation of National Development Finance Agency: Discussion

1:30 pm

Mr. Paul O'Neill:

Outside the audited financial statements, if a company is credit rated that is one option but most contractors are not credit rated. There are other private firms that have a financial statement analysis that we have engaged in the past but they, in turn, rely on the audited financial statements to do their own assessments. In short, there are not many viable options outside the audited financial statements.