Structured Credit Losses Endanger Bank Of Montreal Rating
Losses from structured credit markets along with exposure to the U.S. recession could cost Bank of Montréal its rating, according to Moody’s Investors Service.
Losses from structured credit markets along with exposure to the U.S. recession could cost Bank of Montréal its rating, according to Moody’s Investors Service. Moody’s said that while it views BMO as a “strong bank,” it noted that there will probably be higher credit losses down the road.
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