CIBC Mellon receives a bank financial strength rating of B- and a long-term issuer rating of Aa2 from Moody's Investors Service



    TORONTO, July 18 /CNW/ - Today, Moody's Investors Service assigned a bank
financial strength rating of B- and a long-term issuer rating of Aa2 to CIBC
Mellon Trust Company, citing the company's excellent standing in its primary
Canadian market (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 allows CIBC Mellon to benefit from economies
of scale and service.
    "We are pleased that Moody's has recognized CIBC Mellon's financial
performance, commitment and service offerings with a bank financial strength
rating of B- and a long-term issuer rating of Aa2," said Thomas C. MacMillan,
president and chief executive officer of CIBC Mellon. "These ratings provide
our clients with assurances of our strong and effective approaches to
governance, risk, and control. The ratings also recognize our strong
relationship with our parents, and specifically, our ability to offer
unmatched, world class solutions to the Canadian market."

    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. Visit CIBC Mellon's website at
www.cibcmellon.com.




For further information:

For further information: Cheryl Ficker, director, corporate affairs,
CIBC Mellon, (416) 643-6368


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