Ratings On Three Toronto-Dominion Bank Note Issues Lowered To 'A' From 'AA-' - S&P Global Ratings’ Credit Research

Ratings On Three Toronto-Dominion Bank Note Issues Lowered To 'A' From 'AA-'

Ratings On Three Toronto-Dominion Bank Note Issues Lowered To 'A' From 'AA-' - S&P Global Ratings’ Credit Research
Ratings On Three Toronto-Dominion Bank Note Issues Lowered To 'A' From 'AA-'
Published Oct 12, 2018
3 pages (1229 words) — Published Oct 12, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

TORONTO (S&P Global Ratings) Oct. 12, 2018--S&P Global Ratings has corrected by lowering the ratings on three "bail-in-eligible" Toronto-Dominion Bank (TD Bank) note issues (callable step-up notes due Oct. 31, 2020 [CUSIP 89114QRQ3], Sept. 28, 2021 [CUSIP 89114QQU5], and Sept. 30, 2023 [CUSIP 89114QRE0]) to 'A' from 'AA-'. Specifically, CUSIPs 89114QQU5 and 89114QRE0 were originally rated as senior debt instruments, which carry the same ratings as TD Bank, based on then-available information. Due to new information, we understand these notes are bail-in-eligible debt. Due to an error, CUSIP 89114QRQ3 was rated as a senior debt instrument, which carries the same rating as TD Bank. We rate TD Bank's bail-in-eligible debt or senior resolution notes 'A', one notch lower than its

  
Brief Excerpt:

STANDARD & POOR'S, S&P and RATINGSDIRECT are registered trademarks of Standard & Poor's Financial Services LLC. S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or...

  
Report Type:

Ratings Action

Ticker
TD@CN
Issuer
Toronto-Dominion Bank
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Canada
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ratings On Three Toronto-Dominion Bank Note Issues Lowered To 'A' From 'AA-'" Oct 12, 2018. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Three-Toronto-Dominion-Bank-Note-Issues-Lowered-To-A-From-AA-2113274>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On Three Toronto-Dominion Bank Note Issues Lowered To 'A' From 'AA-' Oct 12, 2018. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Three-Toronto-Dominion-Bank-Note-Issues-Lowered-To-A-From-AA-2113274>
  
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