RPT-Fitch Affirms Large Canadian Bank Ratings Following Industry Peer Review; Outlook Stable

Fri Jan 24, 2014 9:39am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

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...