Bank of Montreal's Non-Cumulative Preferred Shares Series 27 Rated 'BBB-/P-2(Low)' - S&P Global Ratings’ Credit Research

Bank of Montreal's Non-Cumulative Preferred Shares Series 27 Rated 'BBB-/P-2(Low)'

Bank of Montreal's Non-Cumulative Preferred Shares Series 27 Rated 'BBB-/P-2(Low)' - S&P Global Ratings’ Credit Research
Bank of Montreal's Non-Cumulative Preferred Shares Series 27 Rated 'BBB-/P-2(Low)'
Published Apr 14, 2014
1284 words — Published Apr 14, 2014
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

TORONTO (Standard&Poor's) April 14, 2014--Standard&Poor's Ratings Services today said it assigned its 'BBB-' global scale and 'P-2(Low)' Canada scale ratings to Bank of Montreal's (BMO) C$300 million non-cumulative five-year rate reset class B preferred shares series 27. The issuer credit rating on BMO is A+/Stable/A-1. "In accordance with our criteria for hybrid and other capital instruments, the ratings reflect our analysis of the instrument, and our assessment of BMO's 'a-' stand-alone credit profile," said Standard&Poor's credit analyst Lidia Parfeniuk. (For more information, see "Bank Hybrid Capital Methodology And Assumptions", published Nov. 1, 2011, on RatingsDirect on the Global Credit Portal.) The 'BBB-/P-2(Low)' ratings stand three notches below BMO's stand-alone credit profile (SACP), incorporating: A

  
Brief Excerpt:

RESEARCH Bank of Montreal's Non-Cumulative Preferred Shares Series 27 Rated '###-/P-2(Low)' Publication date: 14-Apr-2014 Primary Credit Analyst: Lidia Parfeniuk, Toronto (1) 416-507-2517; lidia.parfeniuk@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 Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bank of Montreal's Non-Cumulative Preferred Shares Series 27 Rated 'BBB-/P-2(Low)'" Apr 14, 2014. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-Montreal-s-Non-Cumulative-Preferred-Shares-Series-27-Rated-BBB-P-2-Low-1295668>
  
APA:
S&P Global Ratings’ Credit Research. (). Bank of Montreal's Non-Cumulative Preferred Shares Series 27 Rated 'BBB-/P-2(Low)' Apr 14, 2014. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-Montreal-s-Non-Cumulative-Preferred-Shares-Series-27-Rated-BBB-P-2-Low-1295668>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.