Following a review of Laurentian Bank of Canada (Laurentian Bank) under Standard&Poor's revised bank criteria (published on Nov. 9, 2011), we have affirmed our 'BBB+/A-2' long- and short-term issuer credit ratings on Laurentian Bank. The outlook is stable. The anchor for Laurentian Bank is 'a'. Our ratings on Laurentian Bank reflect its, weak business position, adequate capital and earnings, adequate risk position, above average funding, and adequate liquidity scores. The stable outlook reflects our expectation that Laurentian Bank will continue to produce sustainable and consistent earnings, supported by its solid asset quality and stable Standard&Poor's risk-adjusted capital ratio. As we previously announced, on Dec. 13, 2011, Standard&Poor's Ratings Services affirmed its 'BBB+/A-2' long- and
