Written answers

Tuesday, 14 May 2013

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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194. To ask the Minister for Finance if he will confirm the sums paid by the National Asset Management Agency to each of the ratings agencies Fitch, Moody’s, Standard and Poor’s and Dominion Bond Rating Service in each of 2010, 2011, 2012 and to date in 2013. [22370/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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Rating agency costs relating to NAMA are, in the main, paid by the NTMA as part of its overall sovereign rating programme. NAMA directly bears the cost arising from the rating of NAMA Bonds by Dominion Bond Rating Service (DBRS). NAMA advises that the terms of its agreement with DBRS are commercially sensitive and of a confidential nature.

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