A.M. Best has affirmed the Financial Strength Rating of A(Excellent) and the Long-Term Issuer Credit Rating of "a+" of (TD Re) (Barbados). The outlook of these Credit Ratings (ratings) is stable.

TD Re is a life reinsurer that is ultimately owned by TheToronto-Dominion Bank (TD Bank). TD Re principally reinsures credit insurancepolicies underwritten by third-party life insurance carriers on consumer loansoriginated by TD Bank's Canadian retail bank branches.

The rating affirmations reflect TD Re's trends of strongprofitability, solid capitalization, above-average return on equity and strongliquidity. Additionally, the ratings recognize the high credit quality of TDRe's investment portfolio, which provides good liquidity with a short durationthat adequately matches its liability profile.