Strong market position as the third-largest bank in Canada Robust and consistent profitability Solid asset quality metrics that compare favorably with those of international peers Good diversification by line of business, revenue, and geography High dependence on wholesale funding Exposure to elevated home prices and high consumer indebtedness through uninsured and unsecured consumer lending Risk associated with expanding investments in developing and emerging markets, although somewhat compensated with higher margins Lack of significant scale in some international markets Standard&Poor's Ratings Services' outlook on The Bank of Nova Scotia (BNS) is stable and reflects our expectations that BNS will continue to generate consistent and solid earnings, grow without adding outsize risk to the balance sheet, and maintain leading asset
