Moody's may downgrade U.S. subsidiaries of two Canadian banks October 27, 2012 - 11:34 AMT PanARMENIAN.Net - Moody's Investors Service warned Friday, Oct 26, that it could downgrade its debt ratings on the U.S. subsidiaries of two Canadian banks, Toronto-Dominion Bank and Bank of Montreal, after the parent companies' ratings were placed on review, AP reports. The credit rating agency said it is reviewing for possible downgrade the long-term debt and deposit ratings of the banks' U.S. subsidiaries. U.S.-traded shares of Toronto-Dominion Bank fell 49 cents to close at $81.32; Bank of Montreal shares were unchanged at $59.92. Partner news  Top stories IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining. Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices. Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices. Edmon Manukyan been addressed by the residents of Armavir and Aragatsotn provinces whose crops have been damaged over a strong hail.   Partner news |  Latest news Brad Pitt’s “World War Z” to open Moscow Film Fest  The fest will feature retrospectives of films by Bernardo Bertolucci and Costa Gavras, as well as a program devoted to Dutch cinema.Wrekin Hill picks up John Malkovich’s “Siberian Education” Based on the novel by Nicolai Lilin, the film is set in the ghetto of Soviet Russia and follows 2 boys who are members of a gang of exiled Siberians.Germans blame Merkel’s stance in eurozone crisis for Eurovision debacle Chancellor Angela Merkel is loathed in parts of Europe for her insisting on painful austerity measures in Greece, Spain and Italy.China’s PM visits India to settle boundary row, boost ties China says Li Keqiang choice of India for his first trip abroad shows the importance Beijing attaches to improving relations with New Delhi. |
