Asset quality improvements Stronger capital provides some comfort in a period of directional change Refocus on Quebec markets viewed favorably Weaker earnings performance Lack of revenue and loan growth Pressure on market share Challenges in expanding and defending business franchise Difficult period or organizational and directional change The ratings on Laurentian Bank of Canada, including the 'A-1(Low)' Canadian national scale CP rating and the 'P-2(Low)' Canadian national scale preferred share rating, reflect Standard & Poor's Ratings Services' concerns over the bank's lack of revenue and loan growth; weaker earnings performance; and pressure on market share, particularly in the bank's core mortgage product line, despite the strong Quebec economy. Furthermore, B2B Trust's (100% wholly owned subsidiary of Laurentian Bank) poor financial
