UPDATE 1-Moody's downgrades 6 Canadian banks on rising private-sector debt
May 10, 2017 at 20:40 PM EDT
May 10 (Reuters) - Moody's Investor Service on Wednesday downgraded the long-term ratings for six Canadian banks, citing a more challenging operating environment for banks in Canada for 2017 and beyond, could lead to a deterioration in the banks' asset quality, including increasing private-sector debt.