CIBC Mellon receives a long-term deposit rating of Aa2 and a short-term deposit rating of P-1 from Moody's Investors Service


    TORONTO, June 29 /CNW/ - Moody's Investors Service assigned a long-term
deposit rating of Aa2 and a short-term deposit rating of P-1 to the CIBC
Mellon Trust Company (CIBC Mellon). Moody's also affirmed CIBC Mellon's bank
financial strength rating (BFSR) of B-, its long-term issuer rating of Aa2 and
its stable rating outlook.
    "We are pleased that Moody's has recognized CIBC Mellon's financial
performance, commitment and service offerings through its assignment of a
long-term deposit rating of Aa2 and a short-term deposit rating of P-1 to CIBC
Mellon Trust Company," said Thomas C. MacMillan, president and chief executive
officer of CIBC Mellon. "The ratings recognize our strong relationship with
our parents, and our ability to offer world class solutions to the Canadian
market."
    Last year, Moody's had assigned a bank financial strength rating (BFSR)
of B- and issuer rating of Aa2 to CIBC Mellon Trust Company, citing the
company's excellent standing in its primary Canadian markets (asset servicing
and issuer services), robust governance discipline, excellent capitalization,
a lack of material credit risk, and an operations and technology platform
available through its relationship with The Bank of New York Mellon, that
allowed CIBC Mellon to benefit from economies of scale.

    CIBC Mellon Trust Company is 50-50 jointly owned by Canadian Imperial
Bank of Commerce and The Bank of New York Mellon Corporation. CIBC Mellon
Trust Company is a leading provider of trust services in Canada offering stock
transfer, corporate trust and plan administration services. CIBC Mellon Trust
Company serves the needs of more than 1,200 stock and bond issuing clients and
millions of their investors. CIBC Mellon Trust Company is a sister company to
CIBC Mellon Global Securities Services Company and acts as a deposit taking
institution for its custodial clients.



For further information: Rashi Sharma, manager, corporate
communications, CIBC Mellon, (416) 643-6562