TORONTO (Standard&Poor's) Nov. 30, 2007--Standard&Poor's Ratings Services today assigned its preliminary 'AAA' credit rating to Bank of Montreal's (BMO) €7 billion global covered bond program. The preliminary rating is based on information as of Nov. 30, 2007. Subsequent information may result in the assignment of a final rating that differs from the preliminary rating. The preliminary 'AAA' credit rating assigned to BMO's global covered bond program reflects Standard&Poor's Ratings Services' expectation of timely payment of interest and repayment of principal on or before a date falling one year after the final maturity date. The preliminary rating also reflects the issuance terms, structure, and cash flow mechanics of the program, as well as Standard&
