The Financial Post reports in its Wednesday, May 20, edition that Fitch has downgraded "support ratings" of Canada's biggest banks to reflect a global trend away from government bailouts of financial institutions. The Post's Barbara Shecter writes in the National Report column that the one-notch change puts the banks including Royal Bank of Canada, Bank of Nova Scotia, Toronto-Dominion Bank, Bank of Montreal and Canadian Imperial Bank of Commerce one level below Fitch's top rating on a five-point scale. The support rating "reflects Fitch's view regarding the likelihood that a bank will receive extraordinary support such as capital injections in case of need to make an institution viable," Fitch said in a statement Tuesday. The federal government has indicated that a regime will be adopted in Canada to keep taxpayers off the hook in the event a bank were to become insolvent or otherwise not viable.