"Canada’s dollar and bank bonds declined after Moody’s Investors Service downgraded the nation’s banks for the first time in more than four years, signalling that soaring household debt combined with runaway housing prices leave the lenders more vulnerable to losses...
...The ratings company said that it still has a negative outlook on all six lenders. The move left Toronto-Dominion with a long-term debt rating of Aa2, the third-highest level. Moody’s lowered the other five to A1, the fifth-highest."
Submitted May 11, 2017 at 10:36AM by KeKGaming http://ift.tt/2qY9QYG
