We are raising the ratings on Laurentian Bank of Canada, including the long-term counterparty credit rating to 'BBB+' from 'BBB'. The upgrade reflects our opinion of the bank's improved and more sustainable core operating performance and more stable asset quality. The stable outlook reflects our expectation that Laurentian Bank will continue to generate sustainable and consistent earnings, supported by its good asset quality, solid capital ratios, and strong liquidity position. On July 22, 2010, Standard&Poor's Ratings Services raised its ratings on Laurentian Bank of Canada, including its long-term counterparty credit rating to 'BBB+' from 'BBB'. The outlook is stable. The upgrade reflects our opinion of the bank's improved and more sustainable core operating performance and more stable asset
