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Bank of Montreal Ratings Affirmed At 'A+/A-1' On Decision To Support SIVs

Published Feb 19, 2008

711 words — Published Feb 19, 2008

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Abstract:

TORONTO (Standard&Poor's) Feb. 19, 2008--Standard&Poor's Ratings Services today said it affirmed its ratings, including the 'A+' long-term and 'A-1' short-term counterparty credit ratings on the Bank of Montreal (BMO) and its subsidiaries following the bank's decision to provide funding support to its two structured investment vehicles (SIVs) Links Finance Corp. and Parkland Finance Corp. The outlook is stable. BMO announced today that it would provide a liquidity facility to each of its SIVs that can be drawn as senior notes mature and if access to the commercial paper and medium-term note funding markets continues to be closed. Links and Parkland have net assets of US$12.3 billion and €$1.2 billion, respectively. All economic risk will continue to

Brief Excerpt:

RESEARCH Bank of Montreal Ratings Affirmed At 'A+/A-1' On Decision To Support SIVs Publication date: 19-Feb-2008 Primary Credit Analyst: Daniel Koelsch, FRM, Toronto (1) 416-507-2590; daniel_koelsch@standardandpoors.com Secondary...

Report Type:

Ratings Action

Ticker

BMO@CN

Issuer

Bank of Montreal

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Public Finance, Structured Finance

Country

Canada

Region

United States

Format:

PDF

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MLA:	S&P Global Ratings’ Credit Research. "Bank of Montreal Ratings Affirmed At 'A+/A-1' On Decision To Support SIVs" Feb 19, 2008. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-Montreal-Ratings-Affirmed-At-A-A-1-On-Decision-To-Support-SIVs-631351>

APA:	S&P Global Ratings’ Credit Research. (). Bank of Montreal Ratings Affirmed At 'A+/A-1' On Decision To Support SIVs Feb 19, 2008. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-Montreal-Ratings-Affirmed-At-A-A-1-On-Decision-To-Support-SIVs-631351>

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