Moody's says may downgrade several Canadian banks

Fri Oct 26, 2012 3:07pm EDT
 
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NEW YORK Oct 26 (Reuters) - Moody's Investors Service on Friday said it could cut its ratings on several Canadian banks in the coming months, including that of Canadian Imperial Bank of Commerce and Toronto-Dominion Bank, on economic challenges not fully captured to current ratings.

But the ratings agency added that any cuts would likely be only by one notch.