Moody's Ratings (Moody's) has today assigned a Aa2 rating with a negative outlook to The Toronto-Dominion Bank's (TD, Aa1/Aa2 negative, a1) Fixed-to-Floating Rate Notes due August 29, 2025 (CUSIP 89115GH77). Additionally, Moody's has already withdrawn the P-1 rating previously assigned to these note...
In the List of Affected Ratings section, the Other Short Term (Foreign Currency) rating for Toronto-Dominion Bank (The) was revised to "Affirmed (P)P-1/P-1." Please see the Issuer/Deal Research page on or follow this link for the full corrected press release:
Moody's Investors Service (Moody's) has assigned an A1 long-term issuer rating, in local and foreign currency, to Toronto-Dominion Bank, New York Branch. The outlook on the issuer rating is stable. RATINGS RATIONALE Moody's said Toronto-Dominion Bank, New York Branch forms part of the same legal...
On May 4, 2023, DBRS Limited (DBRS Morningstar) confirmed its ratings on The Toronto-Dominion Bank (TD or the Bank) and its related entities, including TD’s Long-Term Issuer Rating of AA (high) and Short-Term Issuer Rating of R-1 (high). The trend on all ratings is Stable. TD’s Long-Term Issuer Rating is composed of an Intrinsic Assessment (IA) of AA and a Support Assessment (SA) of SA2, which reflect the expectation of timely systemic support from the Government of Canada (rated AAA with a Stab...
On June 20, 2023, the Office of the Superintendent of Financial Institutions (OSFI) raised the Domestic Stability Buffer (DSB) to 3.5% from 3.0% of total risk-weighted assets for domestic systemically important banks (D-SIBs). Key highlights include: -- OSFI raised the DSB by 50 basis points (bps) to 3.5% in light of mounting vulnerabilities, increasing the minimum CET1 requirement to 11.5%. -- All of the D-SIBs already meet the new requirement, which is effective on November 1, 2023. -- We v...
The Big Six Canadian banks have faced a challenging operating environment and headwinds from persistent inflation, higher interest rates, heightened macroeconomic uncertainty, and U.S. regional banking sector turmoil. As a result, Q2 2023 sequential earnings were negatively affected by a surge in provisions for credit losses (PCL), along with lower revenues resulting from moderating loan growth, rising funding costs, and a continued challenging environment for capital markets and wealth manageme...
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