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
Big six banks more susceptible to housing price corrections, interest rate shocks
The probability of multiple defaults by euro area countries is no longer negligible
Outlook on Canadian ratings changes to negative
Reduced government support prompts rating action