Very strong domestic retail platform anchoring a diverse business portfolio Effective risk management and well-articulated risk appetite Successful acquisition history Higher exposure than peers' to credit cards and automobile lending, riskier lending given its unsecured nature Higher exposure to wholesale funding compared with certain international peers, though lower reliance than that of large domestic peers The stable outlook reflects our expectation that The Toronto-Dominion Bank (TD Bank) will continue to post strong operating results and maintain its premier franchise with either the No. 1 or No. 2 market share position in all of its domestic consumer products. The stable outlook also reflects our expectation that the bank will manage its loan risk exposures in its consumer portfolios to contain large
