DBRS Discontinues Rating on TD Legislative Covered Bonds, Series CBL3

DBRS Limited (DBRS) discontinued the rating on the Covered Bonds, Series CBL3 (the Series) issued by The Toronto-Dominion Bank (Global Legislative Covered Bond Programme) as the Series was fully repaid.

Notes:
The principal methodology is Rating and Monitoring Covered Bonds (June 2019), which can be found on dbrs.com under Methodologies & Criteria.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

This rating is endorsed by DBRS Ratings Limited for use in the European Union. The following additional regulatory disclosures apply to endorsed ratings:

The last rating action on this programme took place on July 29, 2019, when DBRS discontinued the rating of the Covered Bonds, Series CBL1, as the series was fully repaid.

For further information on DBRS historical default rates published by the European Securities and Markets Authority (ESMA) in a central repository, see: http://cerep.esma.europa.eu/cerep-web/statistics/defaults.xhtml.

Lead Analyst: Paul Bretzlaff, Senior Vice President
Rating Committee Chair: Tim O'Neil, Managing Director
Initial Rating Date: July 16, 2014

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.

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