Low leverage, superior liquidity positions and strong sponsorship support credit ratings
Proposals intended to improve the reliability and integrity of the ratings process
Some additional ratings on individual insurers would need to be downgraded
Deterioration in credit quality a concern, rating agency says
Rating actions forecast to be predominately negative through the next 18 months
Ratings supported by earnings diversity
S&P affirms ratings on CIBC
Despite improvement, the number of downgrades remains very elevated by historical standards
Ratings underpinned by strong domestic banking