TORONTO (Standard&Poor's CreditWire) July 23, 2001--Standard&Poor's today assigned its single-'A'-plus subordinated debt rating to The Toronto-Dominion Bank's (TD Bank's) C$800 million medium-term notes due July 26, 2011. At the same time, the outstanding ratings on TD Bank, including the long-term double-'A'-minus and short-term 'A-1'-plus counterparty credit ratings, were affirmed. The outlook is stable. (A complete list of ratings is available on RatingsDirect Canada, Standard&Poor's Web-based credit analysis system, or by calling the Toronto Ratings Desk at (1) 416-202-6000). The proceeds from the sale of the notes will qualify as tier 2B capital for the bank. This issuance follows the bank's plans to redeem two subordinated debt issues of C$400 million (due September 2001) and
