Credit Ratings

CIBC's current debt ratings are listed below. The ratings should not be construed as a recommendation to buy, sell, or hold CIBC debt instruments. Ratings may be revised or withdrawn at any time by the rating agencies.


CREDIT RATINGS

 

DBRS

MOODY'S

STANDARD & POOR'S

FITCH

SENIOR

AA

A1

A+

AA-

SUBORDINATED

AA (low)

Baa1

BBB+

A+

SUBORDINATED - NVCC

A (low)

Baa2

BBB

A+

SHORT-TERM DEBT

R-1 (high)

P-1

A-1

F1+

OUTLOOK

Negative

Negative*

Stable

Negative

* Negative outlook only applies to Senior debt rating