Bank of Montreal -- Moody's upgrades six Additional Tier 1 and one Tier 2 non-viability securities in Canada and Latin America

New York, July 17, 2014 -- Moody's Investors Service today upgraded the ratings of six Additional Tier 1 and one Tier 2 non-viability contingent capital securities following the publication of its updated Global Banks Rating Methodology on July 16, 2014. The revised methodology includes its new framework for rating 'high trigger' bank contingent capital securities (CoCos) and revisions to its existing framework for rating non-viability CoCos. Moody's had said rating upgrades would likely accompany the revision of the methodology when it requested comment on the revisions on May 1, 2014.

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