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Moody's downgraded the long-term senior debt ratings of Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Caisse Centrale Desjardins, National Bank of Canada and Toronto-Dominion Bank by one notch Jan. 28.
The Prime-1 short-term ratings of the banks were affirmed. The outlook for all the banks' ratings is stable.
Bank of Montreal's long-term deposits rating was downgraded to Aa3 from Aa2. Scotiabank's was downgraded...