RPT-Fitch Affirms Large Canadian Bank Ratings Following Industry Peer Review; Outlook Stable
Jan 24 (Reuters) - (The following statement was released by the rating agency)
Fitch Ratings has affirmed the ratings of the seven largest Canadian banking institutions by assets (referred to as Canadian Banks) following a peer review committee. The seven financial institutions included in this peer review are:
--Bank of Montreal (BMO; rated a€˜AA-/F1+a€™);
--Bank of Nova Scotia (BNS; rated a€˜AA-/F1+a€™);
--Canadian Imperial Bank of Commerce (CIBC; rated a€˜AA-/F1+a€™);
--Caisse Centrale DesJardins (CCD; rated a€˜AA-/F1+a€™);
--National Bank of Canada (NBC; rated a€˜A+/F1a€™); Continued...