Strong market position as the third-largest bank in Canada Robust and consistent profitability More favorable asset quality metrics compared with those of international peers Good diversification by line of business and revenue, and geographically Risk associated with expanding investments in developing and emerging markets, although somewhat compensated with higher margins Lack of significant scale in some international markets Fairly high dependence on wholesale funds Standard&Poor's Ratings Services' outlook on The Bank of Nova Scotia (BNS) is stable, reflecting our expectations that the bank will continue to generate consistent and solid earnings, grow without adding outsize risk to the balance sheet, and maintain leading asset quality metrics relative to those of peers (banks in similar geographical markets). We could
