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Bank of Montreal, Subsidiaries Ratings Lowered To 'A+/A-1' On Weaknesses In Risk Management

Published Jun 08, 2007

940 words — Published Jun 08, 2007

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Abstract:

TORONTO (Standard&Poor's) June 8, 2007--Standard&Poor's Ratings Services today said it lowered its short- and long-term counterparty credit ratings on Bank of Montreal (BMO; TSX: BMO) and its related subsidiaries to 'A+/A-1' from 'AA-/A-1+'. At the same time, Standard&Poor's removed the ratings from CreditWatch with negative implications, where they were placed May 17, 2007. The outlook is stable. The downgrade reflects the weaknesses Standard&Poor's found within the bank's risk management functions, the impact of competitive pressures on its domestic and U.S. personal and commercial (P&C) bank, the bank's lower level of risk-adjusted earnings as compared with its North American peers, and smaller retail funding base which incrementally increased the bank's liquidity risk position.

Brief Excerpt:

RESEARCH Bank of Montreal, Subsidiaries Ratings Lowered To 'A+/A-1' On Weaknesses In Risk Management Publication date: 08-Jun-2007 TORONTO (Standard & Poor's) June 8, 2007--Standard & Poor's Ratings Services today said it lowered its...

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, Subsidiaries Ratings Lowered To 'A+/A-1' On Weaknesses In Risk Management" Jun 08, 2007. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-Montreal-Subsidiaries-Ratings-Lowered-To-A-A-1-On-Weaknesses-In-Risk-Management-583857>

APA:	S&P Global Ratings’ Credit Research. (). Bank of Montreal, Subsidiaries Ratings Lowered To 'A+/A-1' On Weaknesses In Risk Management Jun 08, 2007. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-Montreal-Subsidiaries-Ratings-Lowered-To-A-A-1-On-Weaknesses-In-Risk-Management-583857>

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