Canadian Banks' Ratings Affirmed by Fitch, TD Bank Outlook Cut

Reasons Behind Ratings Affirmation Consumer Loans and Mortgages: The high-rate environment and softer economic conditions may result in continued softness for consumer loans, especially credit cards and unsecured loans. Yet, residential mortgage loans are performing well due to low loan-to-values, stable employment levels and a housing shortage. Fitch's affirmation of ratings signifies a vote of confidence in the robustness and resilience of Canada-based banks despite certain challenges and uncertainties ah ...