DBRS Releases Report on Bank of Montreal

DBRS has today released a report on Bank of Montreal (BMO or the Bank) that supports the recent confirmation of the Bank’s ratings, including its Deposits & Senior Debt at AA and its Short-Term Instruments at R-1 (high). All trends are Stable.

The ratings and trends are supported by the Bank’s sizable domestic franchise and its strong financial risk profile. Although typically not a market-share leader, BMO has solid domestic consumer, commercial and wholesale businesses. The recent acquisition of Marshall & Ilsley Corporation (M&I) brings with it both opportunities and risks for BMO’s U.S. Personal and Commercial Banking operations.

Today’s report and the July 8, 2011, press release are available at www.dbrs.com or by contacting us at info@dbrs.com.