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 Ratings may be revised or withdrawn at any time by the rating agencies.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

Deposit or Counterparty1

AA

Aa2

A+

AA-

LEGACY SENIOR DEBT1

AA

Aa2

A+

AA-

SENIOR DEBT2 AA (low) A2 BBB+ AA-

SUBORDINATED

A (high)

Baa1

BBB+

A+

SUBORDINATED - NVCC

A (low)

Baa1

BBB

A+

SHORT-TERM DEBT

R-1 (high)

P-1

A-1

F1+

OUTLOOK

Stable

Stable

Stable

Stable