Strong business position as Canada's third-largest bank Robust and consistent profitability record Stronger asset quality metrics than those of global peers operating in similar economic risk regions Good diversification by line of business and geography Increased exposure to unsecured consumer lending, representing an incremental increase in risk appetite Risk associated with expanding investments in emerging markets, although somewhat compensated with higher margins Higher dependence on wholesale funding than the domestic peer average The stable outlook on The Bank of Nova Scotia (BNS) reflects S&P Global Ratings' view that the likelihood of the ratings moving up or down within the next two years is less than one-third. It also reflects BNS' strong domestic business franchise with good diversification by business line
