‘Downside risks’ to economic growth have enhanced banks’ vulnerability to household debt
Tag Archives: Moody’s Investor Service
Are Canada’s financial institutions in perfect shape? Don’t bank on it
Canada’s banks are under review for a potential ratings downgrade
Moody’s puts most of Canada’s banks on downgrade notice
Adding to the growing chorus of analysts predicting a bursting of the Canadian housing bubble, ratings agency Moody’s Investor Service placed almost all of Canada’s major banks on review for a downgrade Friday, citing the country’s growing household debt levels.