Research Update: Laurentian Bank of Canada Outlook Revised To Stable From Negative On Improving Financial Performance

We believe recent management changes and its commitment to execute a new strategic direction at Laurentian Bank of Canada may improve financial performance and strengthen the franchise. We expect a strong economic recovery in Canada, including in the bank's home province of Quebec, which will help the business. On April 16, 2021, S&P Global Ratings revised its outlook on Laurentian Bank to stable from negative and affirmed its ratings, including its 'BBB' and 'A-2' long- and short-term issuer credit ratings on the bank. The stable outlook reflects our view that the new strategic efforts will benefit the bank's business franchise and earnings capacity. The stable outlook also reflects our view that Laurentian Bank is well-positioned to absorb any remaining fallout

...- We believe recent management changes and its commitment to execute a new strategic direction at Laurentian Bank of Canada may improve financial performance and strengthen the franchise. We expect a strong economic recovery in Canada, including in the bank's home province of Quebec, which will help the business. - On April 16, 2021, S&P Global Ratings revised its outlook on Laurentian Bank to stable from negative and affirmed its ratings, including its '###' and 'A-2' long- and short-term issuer credit ratings on the bank. - The stable outlook reflects our view that the new strategic efforts will benefit the bank's business franchise and earnings capacity. The stable outlook also reflects our view that Laurentian Bank is well-positioned to absorb any remaining fallout from the pandemic, including higher credit losses....

Research Update