Rating agencies maintain Canada’s biggest banks the negative rating
October 10, 2016
Canada 1xbet media said in a report released on July 29, Ottawa planned to “rescue” measures on banks to avoid taxpayers paying rating agency DBRS maintaining Canada’s biggest banks the negative rating. DBRS said in Friday’s report, there is not enough information about Canada Government rescue measures and how to change the Bank’s rating to reflect the reduction in government support.
By negative ratings of banks and their branches, including Canada RBC Royal Bank, TD Bank TD, Scotiabank, Bank of Montreal BMO, Canada CIBC CIBC and National Bank, NBC this year. These changes in the Bank’s long-term rating also affect the short-term rating. Recently also launched a new structure of the banks off the hook, by existing bondholders form of relief, came into operation on June 8 after the budget. The policy including the Canada financial regulators of the Superintendent of Financial Institutions Regulations amendment, rescue measures applicable to domestic banks are in trouble.
Canada insurance company 1xbet will need to be given new powers to banks to convert debt into common stock will not be feasible, completion of the bail process. Rating agencies said, the Government actively promote, but the process will take months. Amendments will be added to the banking law, deposit insurance and other series of related regulations.