Bank Debt Rating Methodologies Used by Rating Agencies

The Globe and Mail, Harry Koza, 9 March 2007It's been a long time since any Canadian bank went belly up, but that doesn't mean debt-rating agencies shouldn't keep a close eye on them.Moody's Investors Service Inc. announced its amended ratings of the big Canadian banks last Friday.Using joint-default analysis (JDA), Moody's raised Toronto-Dominion Bank and Royal Bank of Canada's senior debt