NEW YORK (S&P Global Ratings) Oct. 18, 2024--S&P Global Ratings lowered the long- and short-term components of the ratings on 13 primary market issues, supported by TD Bank N.A. (see table). The rating action follows S&P Global Ratings' lowering of the ratings on TD Bank N.A. on Oct. 15, 2024. (For more information, see "The Toronto-Dominion Bank Downgraded To 'A+/A-1' On Anti-Money Laundering Deficiencies; Outlook Is Stable," published Oct. 15, 2024, on RatingsDirect.) The long- and short-term ratings reflect the rating on the letter of credit provider, TD Bank N.A. The long-term rating component addresses S&P Global Ratings' expectation of the likelihood of bondholders receiving interest-and-principal payments when due if they do not exercise their put option. The short-term rating
