CREDIT RATINGS

Under the Credit Institutions (Financial Support) Act 2008 (the “Act”), the Minister for Finance has provided guarantees to Covered Institutions. (Covered Institutions include Anglo Irish Bank Corporation Limited). A copy of the Act and the Scheme are available on the Department of Finance website: http://www.finance.gov.ie

The following grid currently shows where the Bank’s credit ratings stand following actions by the Rating Agencies upon the announcement of the state guarantee:

 FITCHMOODY'sDBRSSTANDARD
& POOR'S
Senior Debt    
Short Term Senior Debt as covered by the Guarantee from the Republic of Ireland*F1+P-1R-1 (H)A1+
Long Term Senior Debt as covered by the Guarantee from the Republic of Ireland*AA+AaaAA (High)AA
Long Term Senior Debt issued outside of the provisions of the Guarantee from the Republic of Ireland*A-A3A (High)BBB+
Ratings OutlookStableNegative OutlookUnder Review with Developing ImplicationsNegative Outlook
Subordinated DebtBBB+Baa1ABBB
Perpetual Capital securitiesBB-B3**A (Low)CCC
     
*Republic of Ireland Guarantee in effect from 30/09/08 - 29/09/2010
** Anglo Irish Capital UK 2 and Anglo Irish Capital UK 3 rated Caa1

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