TORONTO (Standard & Poor's) May 10, 2006--Standard & Poor's Ratings Services today said it revised its outlook on Laurentian Bank of Canada to stable from negative. At the same time, Standard & Poor's affirmed its ratings on the bank, including its 'BBB' long-term counterparty credit rating. "The outlook revision reflects a stabilized franchise; improving core operating results, albeit still substandard for the rating level and below competing banks; and a market share position that holds its own in loans and deposits," said Standard & Poor's credit analyst Lidia Parfeniuk. "The more coherent and tighter corporate strategy and success with execution to date speak to management's commitment," Ms. Parfeniuk added. Standard & Poor's believes the franchise has stabilized and is noting
