RBC Among Canada Banks With Outlook Cut by Moody’s
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Royal Bank of Canada, Bank of Nova Scotia and five other Canadian lenders had their outlooks cut to negative by Moody’s Investors Service, which cited rules that would limit government support.
Moody’s decision to reduce the outlook from stable reflects its view that risks for debt holders and uninsured depositors “has shifted to the downside,” the New York-based ratings company said today in a statement.