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KBRA Releases Canadian Banks: Resilience Endures - 2018 Outlook

Kroll Bond Rating Agency (KBRA) has released a report titled “Canadian Banks: Resilience Endures - 2018 Outlook”, which makes the following points:

  • The 2018 financial Outlook for Canadian banks is Stable. In KBRA’s view, the Canadian banking sector is expected to display stable operating results, solid asset quality, and strong risk-adjusted capital ratios in 2018.
  • The large Canadian banks have remained resilient, and performed in line with, or exceeded KBRA’s expectations despite persistent macro uncertainties including high levels of household debt, exposure to energy and other commodities markets, and greater uncertainty regarding housing market activities following continued government measures to rein in house price appreciation.
  • Credit profiles of major Canadian banks are further underpinned by diverse revenues by product, a rational and disciplined domestic banking market dominated by large institutions, strong regulatory environment, and a fundamentally low risk mortgage market.

To access the full report, click here.

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About KBRA and KBRA Europe

KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

Contacts:

Analytical:
Kroll Bond Rating Agency
Ashley Phillips, 301-969-3185
Director
aphillips@kbra.com
or
Joe Scott, 646-731-3248
Managing Director
jscott@kbra.com
or
Amina Ouattara, 301-969-3187
Associate
aouattara@kbra.com

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