Very strong domestic retail platform anchoring a diverse business portfolio Effective risk management that produces more favorable credit risk metrics Successful acquisition history Substantial exposure to leveraged Canadian consumer sector, much like its large domestic peers, partly mitigated by a significant amount of insured mortgages Focus on increasing riskier (than mortgages) auto and credit cards loans, which might produce higher loan losses in the future Standard&Poor's Ratings Services' outlook on The Toronto-Dominion Bank (TD Bank) is negative, similar to the other five large Canadian banks, reflecting the possibility that Standard&Poor's might reduce the additional uplift it includes in the rating for extraordinary government support. The issuer credit rating (ICR) on TD Bank currently incorporates one notch
