Dominion Bond Rating Service
TD
Long Term Debt (Deposits)	AA
Subordinated Debt	AA (low)
Short Term Debt (Deposits)	R-1 (high)
Preferred Shares	Pfd-1
TD Banknorth N.A.
Long Term Debt (Deposits)	AA (low)
Subordinated Debt	A (high)
Short Term Debt (Deposits)	R-1 (mid)
TD Banknorth Inc.
Long Term Debt (Deposits)	AA (low)
Subordinated Debt	A (high)
Short Term Debt (Deposits)	R-1 (mid)
Commerce Bank N.A.
Long Term Debt (Deposits)	AA (low)
Short Term Debt (Deposits)	R-1 (mid)
Commerce Bank / North
Long Term Debt (Deposits)	AA (low)
Short Term Debt (Deposits)	R-1 (mid)
Other
TD Capital Trust - Capital Trust Securities Series 2009 (TD CaTS)	A (high)
TD Capital Trust II - TD Capital Trust II Securities Series 2012-1 (TD CaTS II)	A (high)

Moody's Investors Service
TD
Long Term Debt (Deposits)	Aaa
Tier 2B Subordinated Debt	Aa1
Tier 2A Subordinated Debt	Aa2
Short Term Debt (Deposits)	P-1
Preferred Shares	Aa2
TD Banknorth N.A.
Long Term Debt (Deposits)	Aa2
Short Term Debt (Deposits)	P-1
TD Banknorth Inc.
Long Term Debt (Deposits)	A1
Commerce Bank N.A.
Long Term Debt (Deposits)	Aa2
Short Term Debt (Deposits)	P-1
Commerce Bancorp Inc.
Long Term Debt (Deposits)	A1

Standard & Poor's
TD
Long Term Debt (Deposits)	AA-
Tier 2B Subordinated Debt	A+
Tier 2A Subordinated Debt	A
Short Term Debt (Deposits)	A-1+
Preferred Shares
Canadian Preferred Shares Rating	P-1 (low)
Global Preferred Shares Rating	A
TD Banknorth N.A.
Long Term Debt (Deposits)	AA-
Tier 2B Subordinated Debt	A+
Short Term Debt (Deposits)	A-1+
TD Banknorth Inc.
Long Term Debt (Deposits)	AA-
Commerce Bank N.A.
Long Term Debt (Deposits)	AA-
Short Term Debt (Deposits)	A-1+
TD Capital Trust - Capital Trust Securities Series 2009 (TD CaTS)
Canadian Preferred Shares Rating	P-1 (low)
Global Preferred Shares Rating	A
TD Capital Trust II - TD Capital Trust II Securities Series 2012-1 (TD CaTS II)
Canadian Preferred Shares Rating	P-1 (low)
Global Preferred Shares Rating	A

Fitch Ratings
TD
Long Term Debt (Deposits)	AA-
Subordinated Debt	A+
Short Term Debt (Deposits)	F-1+
Preferred Shares	A+
TD Banknorth N.A.
Long Term Debt (Deposits)	AA-
Short Term Debt (Deposits)	F-1+
TD Banknorth Inc.
Long Term Debt (Deposits)	AA-
Short Term Debt (Deposits)	F-1+
Commerce Bank N.A.
Long Term Debt (Deposits)	AA-
Short Term Debt (Deposits)	F-1+
Commerce Bank / North
Long Term Debt (Deposits)	AA-
Short Term Debt (Deposits)	F-1+

Information as of April 2, 2008