Fitch once again confirms the bank of NOVA Scotia (BNS) credit ratings; Outlook continuous

Nova Scotia Bank (NYSE:Bns) one of Best Goldman Sachs Bank Shares. On June 9, Fitch Ratings protects the standard rating of Nova Scotia’s long-term and short-term issuer, ‘AA-‘ and ‘F1 +’, a stable worldview.

These ratings show the limits reflected in Scotiabank’s operating environment, ‘AA-‘ average operating environment account. These account factors in the risks and income from the latest markets such as Canada, United States, Chile, Mexico, Peru and Colombia.

BNS protects the leading retail banking position in Canada. ScotiaBank is working on a five-year plan to develop major enterprises in December 2023 and strengthen relations with customers and improve how the bank works. As part of this plan, BNS received a share in BNS 14.9% (NYSE: KEY), Colombia, Costa Rica and Panama, simplified operations in Latin America.

If we take into account an important existence in Mexico, BNS may feel more effective than other Canadian banks from New US tariffs. Extensive economic problems in Mexico and Canada can also put pressure on the quality of the credit book. In Q2, in 2025, the percentage of impaired loans rose to 90B, above 83b / s, mainly due to poor performance in Canada retail and commercial lending. The quality of the loan was a consistent problem compared to other local banks compared to other local banks.

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Income in BNS has been improved due to better loan management and stronger margins, but as soon as the profit pressure continues to implement the bank’s activities. In order to protect the risks associated with the tariff, the loan loss has increased its provisions. The capital level is firm with 13.2%, CET1, which provides a strong buffer in vague conditions.

Fitch doesn’t wait for the rating to rise soon. A more optimistic outlook requires less exposure to developing markets and the risk of Canadian domestic debt and the risk of housing.

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