7 Canadian banks have made
Global Finance Magazine's " 20th Annual Ranking of the World’s 50 Safest Banks". Royal Bank (number 11 on the list) and TD Canada Trust (number 13) were the highest rated Canadian banks in a list that evaluates financial institutions based on long-term credit ratings.
"With more than 40 of the top 50 banks from last year once again making the list, the Global Finance ranking shows that most of the top echelon of banks are truly worthy of the moniker World’s Safest Bank. Winners were selected through an evaluation of long-term credit ratings—from Moody’s, Standard & Poor’s and Fitch—and total assets of the 500 largest banks worldwide."
"Global Finance’s annual ranking of World’s 50 Safest Banks is a recognized and trusted standard of creditworthiness for the entire financial world. “Counterparty creditworthiness is a critical issue for companies and investors worldwide,” says Global Finance publisher Joseph D. Giarraputo. “More than ever, companies around the world are reevaluating the long-term credit strength of their banks, and partnering with only those banks that have proven strength and stability.”
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Global Finance