A no-deal Brexit would likely add pressure to earnings, asset quality and funding positions, the agency says
One-fifth of credit ratings for global financial institutions are influenced by governance risk
Lending could be curbed since defaults could increase
Rating agency expects solid earnings growth but warns of risks
Fitch will be lowering its support ratings and support rating floors for banks in the first quarter as support for a failing bank no longer is certain
The scores will show how ESG affects rating decisions
Credit rating agency agrees to pay more than US$16 million in penalties
By reducing its equity capital and increasing debt, CI is reducing its financial flexibility
Moody’s forecasts that the rate will continue to decline for the remainder of the year, finishing at 2.1% vs 2.8% last month
U.S. tax reform and the prospect of higher interest rates in both Canada and the U.S. should help boost the bank’s earnings