Credit Ratings
Moody’s, Standard & Poor’s (S&P), Fitch Ratings, Dominion Bond Rating Service Ltd. (DBRS)
Legacy Senior Debt1
Moody's Investors Services
Aa2
Standard & Poor's
A+
Fitch Ratings
AA
Dominion Bond Rating Service Ltd.
AA
Senior Debt2
Moody's Investors Services
A2
Standard & Poor's
A-
Fitch Ratings
AA-
Dominion Bond Rating Service Ltd.
AA (low)
Subordinated Debt (NVCC)
Moody's Investors Services
Baa1 (hyb)
Standard & Poor's
BBB+
Fitch Ratings
A
Dominion Bond Rating Service Ltd.
A (low)
Short Term Deposits / Commercial Paper
Moody's Investors Services
P-1
Standard & Poor's
A-1
Fitch Ratings
F1+
Dominion Bond Rating Service Ltd.
R-1 (high)
Covered Bond Program
Moody's Investors Services
Aaa
Standard & Poor's
Not Rated
Fitch Ratings
AAA
Dominion Bond Rating Service Ltd.
AAA
Outlook
Moody's Investors Services
Stable
Standard & Poor's
Stable
Fitch Ratings
Stable
Dominion Bond Rating Service Ltd.
Stable
Subordinated Additional Tier 1 Capital Notes (NVCC)
Dominion Bond Rating Service Ltd.:
BBB(high)
Fitch Ratings:
BBB+
Moody's:
Baa3(hyb)
Standard & Poor’s:
BBB-
Limited Recourse Capital Notes (NVCC)
Dominion Bond Rating Service Ltd.:
BBB(high)
Fitch Ratings:
BBB+
Moody's:
Baa3(hyb)
Standard & Poor’s:
BBB-
Includes: (a) Senior debt issued prior to September 23, 2018; and (b) Senior debt issued on or after September 23, 2018 which is excluded from the bank recapitalization "bail-in" regime.
Subject to conversion under the bank recapitalization "bail-in" regime.