Earnings expected to improve despite risks posed by low rates, European banks
Moody’s warns that revenues will grow at moderate pace
Default rates holding steady at historically low levels, Moody’s reports
Ratings agency reviews ratings for banks and securities firms with global capital markets operations
Rating agency maintains negative outlook for the entire Sun Life group
Banks operating in more stable environments and with strong retail businesses will be less affected
Rating agency plans new review by end of Q1
Rating could come under pressure if government’s commitment to low debt ratios weakens
Stock market declines, increases in credit spreads weighed on liquidity this year
Revision reflects the softening economic outlook, and the province’s growing debt burden