NY -- Standard&Poor's CreditWire 5/8/98 -- Standard&Poor's today placed its long-term ratings on 13 Toronto Dominion Bank LOC-backed municipal issues on CreditWatch with negative implications. The action follows the April 20, 1998 placement of The Toronto Dominion Bank's ratings on CreditWatch with negative implications, Standard&Poor's said. -- CreditWire RATINGS PLACED ON CREDITWATCH WITH NEGATIVE IMPLICATIONS Amt Issuer/Issue (mil.$) Rating California Hlth Fac Fin Auth (Adventist Hlth Sys West Sutter Hlth Revolving Loan Prog) ser 1991A&B59.8AA/A-1+ Cleveland, Ohio airport system revenue bonds ser 1997E19.8AAA/A-1+ Cleveland, Ohio airport system revenue bonds ser 1997D45.5AAA/A-1+ Cleveland, Ohio sub income tax rfdg var-rt dem bnds ser 1994 72.8 AA/A-1+ Columbia, Mo. water&electric var-rate bnds ser 1985B 15.5