The Bank of Nova Scotia's C$1.25 Billion NVCC Subordinated Debt Rated 'BBB+' - S&P Global Ratings’ Credit Research

The Bank of Nova Scotia's C$1.25 Billion NVCC Subordinated Debt Rated 'BBB+'

The Bank of Nova Scotia's C$1.25 Billion NVCC Subordinated Debt Rated 'BBB+' - S&P Global Ratings’ Credit Research
The Bank of Nova Scotia's C$1.25 Billion NVCC Subordinated Debt Rated 'BBB+'
Published Mar 25, 2015
Published Mar 25, 2015
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Abstract:

TORONTO (Standard&Poor's) March 25, 2015--Standard&Poor's Ratings Services today said it assigned its 'BBB+' rating to The Bank of Nova Scotia's (BNS) C$1.25 billion nonviability contingent capital (NVCC) subordinated debt issue. The issuer credit rating on BNS is A+/Negative/A-1. "In accordance with our criteria for hybrid and other capital instruments, the rating reflects our analysis of the proposed instrument, and our assessment of BNS' 'a' stand-alone credit profile," said Standard&Poor's credit analyst Nikola Swann. (For more information, see "Bank Hybrid Capital And Nondeferrable Subordinated Debt Methodology And Assumptions," published Jan. 29, 2015, on RatingsDirect.) The 'BBB+' issue rating stands two notches below BNS' stand-alone credit profile (SACP), incorporating: A deduction of one notch, the minimum

  
Report Type:

Ratings Action

Ticker
BNS@CN
Issuer
Bank of Nova Scotia (The)
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Canada
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "The Bank of Nova Scotia's C$1.25 Billion NVCC Subordinated Debt Rated 'BBB+'" Mar 25, 2015. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/The-Bank-of-Nova-Scotia-s-C-1-25-Billion-NVCC-Subordinated-Debt-Rated-BBB-1390935>
  
APA:
S&P Global Ratings’ Credit Research. (). The Bank of Nova Scotia's C$1.25 Billion NVCC Subordinated Debt Rated 'BBB+' Mar 25, 2015. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/The-Bank-of-Nova-Scotia-s-C-1-25-Billion-NVCC-Subordinated-Debt-Rated-BBB-1390935>
  
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