Dáil debates
Wednesday, 4 November 2009
National Management Agency Bill 2009: Report Stage (Resumed)
5:00 am
Kieran O'Donnell (Limerick East, Fine Gael)
I just wanted to clarify that. Special purpose vehicles are quite commonplace in the private sector. The Minister is setting up this SPV in order, technically, to remove the €54 billion from the balance sheet. However, credit rating agency, Fitch Ratings, factored in the €54 billion that NAMA is taking on board.
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