Bullboard - Stock Discussion Forum Bank of Montreal N.ZOCT

Primary Symbol: T.BMO Alternate Symbol(s): BMO | T.BMO.PR.Y | FNGO | T.BMO.PR.E | FNGD | FNGU | CARD | CARU | N.ZUEA | N.ZEBA | N.BGDV

Bank of Montreal (BMO) is a Canada-based company, which offers a wide range of personal banking services. The Company is engaged in providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to customers across Canada, the United States, and in select markets globally. The Company offers services, such as bank... see more

TSX:BMO - Post Discussion

Bank of Montreal > S&P Affirms Bank of Montreal ratings...

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Post by zack50 on Dec 23, 2021 3:13pm

S&P Affirms Bank of Montreal ratings...

10:34 AM EST, 12/23/2021 (MT Newswires) -- S&P Global Ratings said Wednesday that it has affirmed its ratings on Bank of Montreal (BMO.TO), including its A+ long-term and A-1 short-term issuer credit ratings.

The rating action follows the company's deal with BNP Paribas to buy Bank of the West and its subsidiaries.

The stable outlook reflects the agency's view that the credit ratings of the bank and its subsidiaries are unlikely to change given the expectation of a moderately high likelihood of extraordinary government support, as well as S&P's view that the company's risk-adjusted capital ratio will likely fall and then rebuild to between 7% to 10% over the next 24 months.

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