May 10, 2017 / 11:12 PM / 2 months ago

BRIEF-Moody's says downgrades six Canadian banks

1 Min Read

May 10 (Reuters) -

* Moody's downgrades Canadian banks

* Moody's - downgraded baseline credit assessments, long-term ratings and the counterparty risk assessments of six canadian banks and their affiliate

* Moody's - all ratings for 6 banks continue to have negative outlooks, reflecting expected introduction of operational resolution regime in canada

* Moody's - downgrade on canadian banks reflect expectation of more challenging operating environment for banks for the remainder of 2017 and beyond Source text - bit.ly/2pAsPox Further company coverage:

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