TD, the only public bank, still carry on moody's top rating, has been demoted, nova scotia, Canada empire commercial bank, the bank of Montreal, Canada's national Banks and savings bank central bank with the tripod with two handles, Canada's largest association, credit cooperatives bank, moody's said Monday.
The job cuts, was widely anticipated, the lender moody's credit watch in October, by a gap.
Rating cut usually remove affected financial institutions borrowing costs.
However, investors did not seem to upset action, as all five TSX listed Banks stocks rose on Monday, resulting in bank of nova scotia, which rose by 0.8%, at $58.95.
"I don't feel surprised to see, not a big market trends, I think this is reflected in the market, said:" Tom lai's all, base, saint Louis analysts Edward Jones.
"In my opinion, it's outstanding additional confirmed risk is there."
Canada is a major bank in must not including the royal bank of Canada's top players. This is because the rating agency downgraded RBC two volumes in June last year global 17 bank part of the review.
Sound industry
Was named the Canadian bank system is sound and perfect row in the five years, really moody pointed out that, the bank is still the global rating agencies in the universe of the highest ratings.
But industry prospects become fuzzy due to a record level of consumer debt, according to the Canadian economy increasing downside risks, moody's said.
"Consumer debt level is high, housing prices rise from the bank of Canada more vulnerable to the Canadian economy than in the past downward risk," the agency said in a statement.
As Canadian consumer debt in the third quarter of family income reached a record 165% the left and right sides, this is 2008 years before the housing crisis in the United States consumer debt level.
Canada's housing department main side effects on the American crisis, and continue to blunt go up. However, recent softness activities and pricing proposals department may reach the peak.
Moody's also point out that in the bank of Montreal protocol "and the national bank, thus increasing the risk of the bank, the market downturn capital market risk.
Moody's price now in Aa1 level TD long-term debt. Fengye and body's central, jardine, Aa2 level, as well as other in Aa3 level.



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