In the following series of questions and answers, Standard & Poor's Managing Director Tanya Azarchs discusses the outlook for Canadian banks. This article was written in conjunction with a series of Q&A sessions conducted for Standard & Poor's CreditMatters TV. (And watch the related CreditMatters TV segment titled, "Canadian Banks: What?s Spurring Their Success," dated March 31, 2010.) Canadian banks have come out of the recent financial crisis in pretty good shape, as a kind of a model banking system, because they did not have any need to raise capital. They entered the crisis with a lot of capital. There were no apparent liquidity crunches, and no bank failed. They came through it in pretty good shape, and that is...
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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.