Monday, December 13, 2010

RBC Loses Triple-A Rating

Anyone that visits this blog regularly knows that I'm bearish on Canadian banks. Particularly the Royal Bank of Canada. This bank appeared on a G20 list of too-big-too-fail banks, and the list that came from the Fed showing how much RBC received in bail-out money.

And now Moody's has downgraded RBC's triple A rating.

Keep your eyes on RBC, I imagine things are only going to get worse from here.

1 comment:

  1. Yeah they're definitely going to get bailed again. Except this time it'll probably be BoC instead of the Fed