Moody's Raises Banks' Bond Ratings

Bloomberg, Steven Bodzin and Joseph N. DiStefano, 2 March 2007Moody's Investors Service gave its highest bond ratings to the long-term deposit and senior unsecured debt of the Royal Bank of Canada and Toronto-Dominion Bank, saying the government will back big banks if they're facing default.The Toronto-based banks were rated Aaa by New York-based Moody's in a statement issued today. Bank of Nova