Best Banks in Canada – Ratings

Below is a list of the Best Banks in Canada. Toronto-Dominion Bank is the best bank in the country. After the Royal Bank of Canada was downgraded to Aa1 by Moody's , TD Bank is the only member of Canada's Big Five banks with a perfect "Aaa" credit rating. Toronto-Dominion Bank is the sixth largest bank in North America and serves over 20 million customers worldwide. As of October 31, 2011, TD had C$686 billion in total assets.

Credit Ratings

Rank	Bank	Moody’s	S&P	Fitch	DBRS
1	Toronto-Dominion Bank	Aaa	AA-	AA-	AA
2	Caisse centrale Desjardins	Aa1	AA-	AA -	AA
3	Royal Bank of Canada	Aa1	AA-	AA	AA
4	Scotiabank	Aa1	AA-	AA-	AA
5	Bank of Montreal	Aa2	A+	AA-	AA
6	CIBC	Aa2	A+	AA-	AA
7	HSBC Bank Canada	Aa2	AA-	AA	AA
8	National Bank of Canada	Aa2	A	A+	AA
9	Canadian Western Bank	-	-	-	A
10	Laurentian Bank of Canada	-	-	-	BBB

Ratings as of August 2011