ECB has temporarily ceased to take into account the rating of Ireland to the refinancing of banks

Board of Governors of the European Central Bank (ECB) decided to suspend the account of the rating market debt issued or guaranteed by the Government of Ireland, where they act as collateral for refinancing operations of the banks in the Eurosystem (CB euro and the ECB), said the regulator. "The suspension applies to all of the outstanding debt, as well as new releases. The suspension will run until the next decision," - said in a statement. Ireland receives external financial support from the EU and the IMF, the total amount that could exceed 85 billion euros. Rating agencies lowered the ratings of peripheral countries. The EU does not always agree with the decisions of international rating agencies when they lower the ratings of the peripheral countries of the eurozone. The countries themselves are also sometimes expressed disagreement with the agency's view. So, on Tuesday agency Standard & Poor's (S & P) has downgraded the rating of Greece, also backed the EU and the IMF, just two notches to "BB-" from "BB +", because of the difficult debt situation in the country. The European Commission said it would not share the view of S & P on the situation in Greece. Treasury also said the country did not agree with the downgrade. Analyst reported the same day that a decision on the rating of Ireland can only be made after the results of stress tests banks. On Thursday, the Central Bank of Ireland said that the tests are lending institutions have identified their need for a capital increase amounting to 24 billion euros. The country's authorities guarantee the timely infusion into banks this amount. It will be allocated in 2011-2013 to ensure the maintenance of the banks the minimum threshold of capital adequacy to 10.5% in the normal development of the economy and 6% - in case of stress. Irish government in return for aid has a program for economic recovery and finance, which was approved by the EU and the IMF. "ECB Governing Council praised the program. Suspension (accounting rating) is based on this positive assessment, the Irish government's commitment to fully implement the program, as well as the decision to provide capital growth of four banks in the country and reduce the debt burden in this sector," - said in a statement ECB. Therefore, the regulator believes that the debt instruments issued or guaranteed by the Government of Ireland and meet the reliability requirements of the ECB suggests the message. The Eurosystem is based on the ratings when determining the reliability of the instrument and the opportunity to take it as collateral when granting loans. The ECB earlier after announcing the results of stress tests Irish Banks announced that the Eurosystem intends to continue to provide liquidity to credit institutions of this country. On materials: BANKIR.ru