Toronto-Dominion Portfolio Credit Linked Notes Rating Withdrawn Following Early Termination - S&P Global Ratings’ Credit Research

Toronto-Dominion Portfolio Credit Linked Notes Rating Withdrawn Following Early Termination

Toronto-Dominion Portfolio Credit Linked Notes Rating Withdrawn Following Early Termination - S&P Global Ratings’ Credit Research
Toronto-Dominion Portfolio Credit Linked Notes Rating Withdrawn Following Early Termination
Published Sep 24, 2010
876 words — Published Sep 24, 2010
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (Standard&Poor's) Sept. 24, 2010--Standard&Poor's Ratings Services today withdrew its 'CCC- (sf)' rating on Toronto-Dominion Bank's CAD263.86 million portfolio credit-linked notes due March 22, 2012, a synthetic corporate-backed collateralized debt obligation (CDO) transaction (see list). We withdrew our rating following the early termination of ROC Pref III Corp.'s preferred shares, to which the CDO rating is linked. RELATED CRITERIA AND RESEARCH CDO Spotlight: Surveillance Primer – What Drives Synthetic CDO Rating Changes? published Feb. 27, 2007. Refinements to Standard&Poor's Synthetic CDOs CreditWatch and Upgrade Policy, published Sept. 15, 2006. CDO Spotlight: Synthetic ROC and the Surveillance of Synthetic CDOs, published March 15, 2004. RATING WITHDRAWN Toronto Dominion Bank (The) CAD263.86 million Toronto-Dominion Bank,

  
Brief Excerpt:

RESEARCH Toronto-Dominion Portfolio Credit Linked Notes Rating Withdrawn Following Early Termination Publication date: 24-Sep-2010 Primary Credit Analyst: Christopher Davis, New York (1) 212-438-3019; christopher_davis@standardandpoors.com...

  
Report Type:

Ratings Action

Ticker
TD@CN
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
United States
Format:
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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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Toronto-Dominion Portfolio Credit Linked Notes Rating Withdrawn Following Early Termination" Sep 24, 2010. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Toronto-Dominion-Portfolio-Credit-Linked-Notes-Rating-Withdrawn-Following-Early-Termination-822094>
  
APA:
S&P Global Ratings’ Credit Research. (). Toronto-Dominion Portfolio Credit Linked Notes Rating Withdrawn Following Early Termination Sep 24, 2010. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Toronto-Dominion-Portfolio-Credit-Linked-Notes-Rating-Withdrawn-Following-Early-Termination-822094>
  
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