(The following statement was released by the rating agency) NEW YORK, June 16 (Fitch) Fitch Ratings has affirmed the ratings of two Canadian mortgage covered bond programs following the agency’s annual reviews of the programs. The ratings of the outstanding covered bonds issued by Bank of Montreal (BMO; ‘AA-‘/’F1+’; Stable Outlook) and Canadian Imperial Bank of Commerce (CIBC; ‘AA-‘/’F1+’; Stable Outlook) under their structured programs are affirmed at ‘AAA’ with a Stable Outlook. Both prog
Source: Financials
