Track record of modest net charge-offs Continued geographic revenue diversification primarily through the growth of the B2B Bank business, as well as through Business Services activities Significantly smaller national market share compared with the larger Canadian banks and larger concentration to the Province of Quebec Less well diversified by business line relative to the larger Canadian banks Higher risk profile (because of mix) in the consumer lending book than some peers Funding and liquidity metrics that are weaker than those of peers The outlook is negative, largely reflecting our view of Laurentian Bank of Canada's (LBC's) risks associated with a relatively concentrated position in Canadian residential mortgages and exposure to Alt-A mortgages, consistent with our unfavorable view of elevated house
