Canadian Banks Downgraded

29 Jan 2013

Moody’s Investors Service has downgraded the long-term ratings by one notch of six Canadian banks, including the Bank of Montreal and Toronto-Dominion Bank.

Moody’s Investors Service has downgraded the long-term ratings by one notch of six Canadian banks, including the Bank of Montreal and Toronto-Dominion Bank. The downgrades, says David Beattie, a Moody’s v.p., reflect the firm’s “ongoing concerns that Canadian banks' exposure to the increasingly indebted Canadian consumer and elevated ...

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