trending Market Intelligence /marketintelligence/en/news-insights/trending/-OjySDEQbqYb7nXrNS9slw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Moody's retains negative outlook on Canadian banks

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Moody's retains negative outlook on Canadian banks

Moody's is keeping its outlook on Canada's seven largestbanks negative, due to the expectation the Canadian government will this yearformalize bank recovery and resolution plans. The development would imply lesssupport for the industry.

The rating agency also expects still-low oil prices andinterest rates to respectively cause "modest deterioration" in assetquality and an increase in mortgage debt.

That said, Moody's acknowledged that the "banks benefitfrom a favorable domestic industry structure, hold significant pools ofhigh-quality liquid assets and have resilient internal capital generationcapabilities."