DBRS Releases Report on Toronto-Dominion Bank

DBRS has today released a report on The Toronto-Dominion Bank (TD or the Bank) that provides further detail on the recent confirmation of the ratings of TD and its related entities, including its Deposits & Senior Debt at AA and Short-Term Instruments at R-1 (high). All trends are Stable.

The ratings are supported by TD’s focus on its lower-risk retail banking business and by its integration experience. Over the last several years, the more stable retail banking business has generated a higher proportion of total pre-tax income at TD relative to its four largest Canadian bank peers. TD’s position in Canadian personal banking, through service and convenience, coupled with a strong housing market, is one of the driving forces behind the strong overall financial performance of the Bank.

The report and the July 18, 2011, press release are available at www.dbrs.com.