NEW AGENCY TO GIVE CREDIT RATINGS ON EUROBONDS
A newly formed credit rating agency based
in London, EuroRatings Ltd, said it will begin providing
evaluations of the quality of eurobond offerings including the
first-ever ratings of some of the U.K. And Irish clearing
banks.
    The agency said that already, it has published ratings on
90 issues of 45 euromarket issuers.
    Among the bank issues never rated publicly are long-term
debt securities of LLoyd's Bank PLC Allied Irish Banks, Bank of
Ireland and Bank of Scotland.
    Shareholders in the new firm are Fitch Investors Service
inc, a U.S.-based rating agency and Compagnie Belge
D'Assurance- Credit S.A., A credit insurance firm, which is a
subsidiary of Societe Generale de Belgique.
           
 Reuter
