KBRA Releases Surveillance Report for the Toronto-Dominion Bank

On April 30, 2026, KBRA affirmed the deposit rating of AA and the short-term deposit rating of K1+ for The Toronto-Dominion Bank (NYSE: "TD" or “TD Bank Group”), an international financial services group. KBRA also affirmed the deposit and senior unsecured debt ratings of AA- and the short-term deposit and debt ratings of K1+ for TD Bank, N.A., the lead U.S. subsidiary. The Outlook for all long-term ratings is Stable. The ratings are in support of a KBRA public finance transaction.

KBRA’s Unsolicited Ratings Policy and Procedure can be found on the Canadian Disclosure page.

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