DBRS says purchase consistent with bank’s stated strategy
The result of the recent Brexit referendum has resulted in a lower outlook for the U.K.’s banking system and 12 banks and building societies
The credit-rating agency may lower RBC’s rating over the next two years because of its increased appetite for risk relative to other Canadian banks
The revisions are intended to align with revisions to IOSCO’s code for credit rating agencies
Although the credit-rating agency maintained the country’s rating, it says the government’s fiscal strength has weakened
The slumping resource sector is driving a higher default rate
Scotia’s efforts to increase its profitability signal a shift away from its traditionally low risk appetite, the credit rating agency says
Credit rating agency charged with misrepresenting its surveillance methodology for ratings of certain complex financial instruments
Congress could agree to grant government spending authority
The move reflects Moody’s concerns about a deterioration in the province’s financial metrics