The rating agency expects TD’s domestic banking business to provide ongoing earnings stability
Methodology change prompts downgrade
DBRS has confirmed its ratings on the Caisse de dépôt et placement du Québec and CDP Financial Inc., the rating agency said Thursday.The rating agency notes that the Caisse’s total portfolio recorded a return of negative 25% in 2008 and missed its benchmark by a substantial 658 basis points, erasing nearly two and a half […]
Quality of capital expected to remain relatively steady
Rating sentiment is expected to remain predominantly negative for the remainder of 2009
Current demand is outstripping supply
Review prompted by methodology change
However, the banks also face revenue pressure in a number of their main business lines
But Fitch cautions that the transition to the universal banking model has not been an automatic success for other investment banks
Four trusts do not meet global liquidity standards