Credit Ratings
The table below details the ratings assigned to the Bank's outstanding securities by the following certified rating organizations.
|
Moo
|
dy's |
Standard
|
& Poor's
|
DB
|
RS |
Fitch
|
Ratings |
|
Notes
|
Perspectives |
Notes
|
Perspectives
|
Notes
|
Perspectives |
Notes
|
Perspectives |
Short-Term
Senior Debt |
P-1
|
Stable
|
A-2
|
Stable
|
R-1 (middle)
|
Stable
|
F1
|
Stable
|
|
Canadian
Commercial Paper
|
|
|
A-1 (low)
|
Stable
|
|
|
|
|
Long-Term
Senior Debt |
Aa3
|
Stable
|
A-
|
Stable
|
AA (low)
|
Stable
|
A+
|
Stable
|
Subordinated
Debt |
Baa1
|
Stable
|
BBB+
|
Stable
|
A (high)
|
Stable
|
A
|
Stable
|
Preferred
Shares |
Baa3
|
Stable
|
P-2
|
Stable
|
Pfd-2
|
Stable
|
BBB-
|
Stable
|
Update: April 19, 2013
|
