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.
