Fitch Ratings revised The Toronto-Dominion Bank’s Outlook to Stable from Negative on August 12, 2026. The agency affirmed the bank’s Long-Term Issuer Default Rating at 'AA-'.
Fitch determined that anti-money laundering issues reported in 2024 had a limited effect on the bank's franchise and earnings. The bank maintained strong credit fundamentals and healthy financial performance despite economic uncertainty.
The rating action occurred during a broader review of major Canadian banks. Fitch concluded that TD’s risk profile remains resilient following the assessment.