NEW YORK (Standard&Poor's) Oct. 7, 2005--Standard&Poor's Ratings Services today placed its rating on Toronto-Dominion Bank's C$63,866,000 portfolio credit-linked notes on CreditWatch with negative implications (see list). The CreditWatch placement reflects the downward credit migration of the reference credits and the deterioration of credit enhancement provided by subordination. RATING PLACED ON CREDITWATCH NEGATIVE Toronto-Dominion Bank C$63,866,000 portfolio credit-linked notes Rating Class To From Notes A-/Watch Neg A-