Comments on: ECB Financial Stability Review: Property Decline worst in Ireland http://www.irisheconomy.ie/index.php/2008/12/16/ecb-financial-stability-review-property-decline-worst-in-ireland/ Fri, 19 Mar 2010 09:31:24 +0000 http://wordpress.org/?v=2.6.3 By: Patrick Honohan http://www.irisheconomy.ie/index.php/2008/12/16/ecb-financial-stability-review-property-decline-worst-in-ireland/#comment-38 Patrick Honohan Tue, 16 Dec 2008 21:09:14 +0000 http://www.irisheconomy.ie/?p=75#comment-38 The other dimensions on which Ireland is shown as an outlier in the ECB FS Review relate to securitizations. Apparently during 2007 more securitizations were issued in Ireland than anywhere else in Europe (except the UK)... ... and more of them were subsequently downgraded by the rating agencies. The other dimensions on which Ireland is shown as an outlier in the ECB FS Review relate to securitizations.

Apparently during 2007 more securitizations were issued in Ireland than anywhere else in Europe (except the UK)…

… and more of them were subsequently downgraded by the rating agencies.

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