Bulletin: Bank of Montreal And Subsidiaries Ratings Unaffected By Potential Trust Write-Offs - S&P Global Ratings’ Credit Research

Bulletin: Bank of Montreal And Subsidiaries Ratings Unaffected By Potential Trust Write-Offs

Bulletin: Bank of Montreal And Subsidiaries Ratings Unaffected By Potential Trust Write-Offs - S&P Global Ratings’ Credit Research
Bulletin: Bank of Montreal And Subsidiaries Ratings Unaffected By Potential Trust Write-Offs
Published Feb 28, 2008
414 words — Published Feb 28, 2008
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Abstract:

TORONTO (Standard&Poor's) Feb. 28, 2008--Standard&Poor's Ratings Services today said its ratings on the Bank of Montreal (BMO; A+/Stable/A-1) and its subsidiaries remain unchanged following reports that the bank could face up to C$495 million in additional write-offs related to two of its asset-backed commercial paper trusts that it sponsors. The problems surrounding Apex and Sitka are just part of the bad news BMO has been facing in a tough capital markets environment. Although the prospect of yet another substantial write-off early in the reporting season is clearly a disappointing start to fiscal 2008, and although the bank's bottom line results will suffer, BMO's financial position is strong enough to manage the additional burden without any ratings

  
Brief Excerpt:

RESEARCH Bulletin: Bank of Montreal And Subsidiaries Ratings Unaffected By Potential Trust Write-Offs Publication date: 28-Feb-2008 Primary Credit Analyst: Daniel Koelsch, FRM, Toronto (1) 416-507-2590; daniel_koelsch@standardandpoors.com...

  
Report Type:

Bulletin

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
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Bank of Montreal And Subsidiaries Ratings Unaffected By Potential Trust Write-Offs" Feb 28, 2008. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Bank-of-Montreal-And-Subsidiaries-Ratings-Unaffected-By-Potential-Trust-Write-Offs-633170>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Bank of Montreal And Subsidiaries Ratings Unaffected By Potential Trust Write-Offs Feb 28, 2008. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Bank-of-Montreal-And-Subsidiaries-Ratings-Unaffected-By-Potential-Trust-Write-Offs-633170>
  
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