Fitch again emphasizes the Bank of Nova Scotia (BNS) classifications; The fixed outlook

NYSE Bank:BNSHe is one of The best shares of Goldman Sachs. On June 9, Fitch Ratses maintained Pank of Nova Scotia in the long and short-term term in “AA-” and “F1+”, respectively, while maintaining a straight look.

These classifications refer to the restrictions in the operating environment in ScotiaBank, which are reflected in the average degree of the “AA-” operating environment. These factors in risks and revenues are from primary end markets, such as Canada, the United States, Chile, Mexico, Peru and Colombia.

BNS maintains a main retail banking center in Canada. Scotiabank is working on a five -year plan launched in December 2023 to develop its basic business, enhance relations with customers, and improve how the bank works. As part of this plan, BNS bought a 14.9 % stake in Keycorp (NYSE: KEY) and simplifying its operations in Latin America by leaving Colombia, Costa Rica and Panama.

Fitch noticed that, due to its great presence in Mexico, BNS may feel more influencing the new American tariffs more than other Canadian banks. The broader economic challenges in Mexico and Canada can also click on the quality of the loan book. In the second quarter of 2025, the percentage of high loans increased to 90 bots, up from 83 bots in the previous year, mostly due to the weakest performance in Canadian commercial and commercial lending. Credit quality was a fixed challenge for BNS compared to other local banks, which is once again associated with international exposure.

The businessman’s hand indicates a graph on a display showing economic trends.

BNS revenues improved because of the better loan management and margins, but profit pressure remains in the short term as the bank continues to reorganize its operations. To protect from tariff risks, it has increased the provisions of loan loss. Capital levels are solid, with a 13.2 % CET1 ratio, providing a strong temporary store in unconfirmed conditions.

Fitch does not expect to upgrade the classification soon. The most optimistic expectations require less exposure to emerging markets and reduce risks from the debts and housing of Canadian families.

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