Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 229

KBRA Releases Research Report: The Case for Canadian Banks

Posted by fidest press agency su giovedì, 18 aprile 2019

Kroll Bond Rating Agency (KBRA) releases The Case for Canadian Banks research report, which makes the following key points:In KBRA’s opinion, the structure of Canada’s mortgage market substantially reduces banking system risk.Canadian banks, which generally are prudent mortgage underwriters, dominate the mortgage market. In addition, a large portion of mortgages effectively carry a government guaranty.
KBRA rates Canada AAA, implying de minimus risk that the sovereign would not honor its guaranty.KBRA views the Canadian banking system as having very solid financial strength owing to conservative policies, high-quality supervision, and the generally strong and stable macro profile of the Canadian economy.KBRA notes that Canada is undergoing a slowdown, which could lead to an uptick in unemployment and further fall in housing prices—factors that do pose risks, especially in the context of high household debt and debt service levels.A continued economic slowdown combined with housing price pressure may cause impaired loans and provisions for credit losses to gradually normalize from extremely low levels. However, KBRA believes these risks are quite manageable in terms of the banking system and the sovereign debt profiles.

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