The Toronto-Dominion Bank's Tier 1 Noncumulative Five-Year Rate Reset Preferred Shares, Series 1 Rated 'BBB+' - S&P Global Ratings’ Credit Research

The Toronto-Dominion Bank's Tier 1 Noncumulative Five-Year Rate Reset Preferred Shares, Series 1 Rated 'BBB+'

The Toronto-Dominion Bank's Tier 1 Noncumulative Five-Year Rate Reset Preferred Shares, Series 1 Rated 'BBB+' - S&P Global Ratings’ Credit Research
The Toronto-Dominion Bank's Tier 1 Noncumulative Five-Year Rate Reset Preferred Shares, Series 1 Rated 'BBB+'
Published May 26, 2014
Published May 26, 2014
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

TORONTO (Standard&Poor's) May 26, 2014--Standard&Poor's Ratings Services today said it assigned its 'BBB+' global scale and 'P-2(High)' Canada scale ratings to The Toronto-Dominion Bank's (TD Bank) Tier 1 noncumulative five-year rate reset preferred shares, series 1. "In accordance with our criteria for hybrid capital instruments, the ratings reflect our analysis of the proposed instrument, and our assessment of TD Bank's stand-alone credit profile of 'a+'," said Standard&Poor's credit analyst Lidia Parfeniuk. (For more information, see "Bank Hybrid Capital Methodology And Assumptions," published Nov. 1, 2011, on RatingsDirect). The 'BBB+' rating stands three notches below the stand-alone credit profile (SACP), incorporating: A deduction of two notches, the minimum downward notching from the SACP under our

  
Report Type:

Ratings Action

Ticker
TD@CN
Issuer
Toronto-Dominion Bank
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Canada
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "The Toronto-Dominion Bank's Tier 1 Noncumulative Five-Year Rate Reset Preferred Shares, Series 1 Rated 'BBB+'" May 26, 2014. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/The-Toronto-Dominion-Bank-s-Tier-1-Noncumulative-Five-Year-Rate-Reset-Preferred-Shares-Series-1-Rated-BBB-1321686>
  
APA:
S&P Global Ratings’ Credit Research. (). The Toronto-Dominion Bank's Tier 1 Noncumulative Five-Year Rate Reset Preferred Shares, Series 1 Rated 'BBB+' May 26, 2014. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/The-Toronto-Dominion-Bank-s-Tier-1-Noncumulative-Five-Year-Rate-Reset-Preferred-Shares-Series-1-Rated-BBB-1321686>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.