Ratings agency S&P highlights ‘social risk’ in Irish loans

New portfolio of mortgages worth €336.7m is being marketed

Sales of problem mortgages to global funds or the bundling up of such loans to borrow against has been big business here. Stock Image

Donal O'Donovan

Investing in troubled Irish mortgages comes with an elevated ‘social risk’, according to a note to money managers from rating agency S&P Global Ratings ahead of a new bond deal backed by thousands of boom-era Irish home loans.

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