NEW YORK (S&P Global Ratings) Oct. 18, 2024--S&P Global Ratings lowered the short-term component of its various dual ratings on 48 tender-option bond trust floater receipts, supported by Toronto Dominion Bank (see table). The rating action follows S&P Global Ratings' lowering of the ratings on Toronto Dominion Bank 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-term component of the ratings reflects the ratings on the respective underlying bonds, which provides for timely interest-and-principal payments on each series of matured receipts. The short-term component of the rating reflects the liquidity facility provided by Toronto Dominion Bank. The long-term component of
