One of the five dominant universal banks in Canada Very good diversification by product, geography, and business line Strong risk-adjusted capital ratios Good credit risk management infrastructure Poor performance in its U.S. line of business Ongoing capital needs in its U.S. line of business Market share pressure in its retail business in Canada The ratings on Bank of Montreal (BMO) reflect our assessment of its position as one of the five dominant universal banks in Canada, its well-diversified business base, strong risk-adjusted capital ratios, and good credit risk management infrastructure. Our view of the poor performance of its U.S. operations, including continued need for parental capital support and ongoing pressure on market share in its retail business in Canada, constrains
