Action follows acquisition by TD Bank
M&A activity drives rating actions
Uncertainty regarding ING Canada's intent clouds outlook
Report notes potential for improvement in 2005
Outlook is positive, says S&P
Subsidiaries upgraded to core status
Code includes disclosure mechanism to monitor compliance
Firm’s outlook following potential Noranda sale viewed as positive
Banknorth acquisition an opportunity for growth in retail banking, says ratings service
Change reflects planned US$300 million equity issue