Credit Rating Report

Bank of Nova Scotia, The: Rating Report

Banking Organizations

Summary

On July 5, 2018, DBRS Limited (DBRS) confirmed the ratings of Scotiabank and its related entities, including Scotiabank’s Long-Term Issuer Rating of AA and Short-Term Issuer rating of R-1 (high). The trend on all ratings is Stable. Scotiabank’s Long-Term Issuer Rating is composed of an Intrinsic Assessment (IA) of AA (low) and a Support Assessment (SA) of SA2, reflecting the expectation of timely, systemic support from the Government of Canada (rated AAA with a Stable trend by DBRS).

Ratings

ADS Canadian Bank
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:AA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:R-1 (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:AA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:AA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:R-1 (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
Bank of Nova Scotia, The
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:AA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:R-1 (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:AA (low)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:AA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:AA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:R-1 (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:A (low)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:A (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:Pfd-2 (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:Pfd-2
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:BBB (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
Montreal Trust Company of Canada
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:AA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:R-1 (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:AA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:AA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:R-1 (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
National Trust Company
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:AA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:R-1 (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:AA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:AA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:R-1 (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:A (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
Scotia Mortgage Corporation
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:AA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:R-1 (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:AA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:AA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:R-1 (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
Scotiabank Capital Trust
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:A (low)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:A (low)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
Scotiabank Tier 1 Trust
  • Date Issued:Jul 5, 2018
  • Rating Action:Confirmed
  • Ratings:A (low)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAE
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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