Mortgage arrears will remain persistently high here, despite improvements since the peak of the crisis, according to S&P Global Ratings. Mortgage arrears will remain persistently high here, despite improvements since the peak of the crisis, according to S&P Global Ratings. However, S&P is forecasting what it called a “long tail” of high arrears in Ireland, as existing bad loans are worked through the system. “We expect long-term arrears to remain a feature of the market for some time,” analysts said. Meanwhile, Canada headquartered rating agency DBRS said it could cut its sovereign credit rating for Ireland if it sees evidence of weakening fiscal discipline or rising national debt.

Source: Irish Independent February 04, 2019 10:41 UTC