Canadian Imperial Bank of Commerce: Credit Rating Report

On May 15, 2025, DBRS Limited (Morningstar DBRS) confirmed the credit ratings of Canadian Imperial Bank of Commerce (CIBC or the Bank) and its related entities, including CIBC's Long-Term Issuer Rating at AA and Short-Term Issuer Rating at R-1 (high). The trend on all credit ratings is Stable. The Bank's Long-Term Issuer Rating is composed of an Intrinsic Assessment of AA (low) and a Support Assessment (SA) of SA2, which reflects the expectation of timely systemic support from the Government of Canada (rated AAA with a Stable trend). As a result of the SA2 designation, CIBC's Long-Term Issuer Rating benefits from a one-notch uplift to the Bank's IA.