Toronto, April 27, 2016 -- Moody's Investors Service announced today that the termination of the Asset Percentage Setting Agreement between CIBC Covered Bond (Legislative) GP Inc., CIBC Covered Bond (Legislative) Guarantor Limited Partnership, Canadian Imperial Bank of Commerce (CIBC) and Computershare Trust Company of Canada on 27 April 2016 would not, in and of itself and at this time, result in a downgrade or withdrawal of the current Aaa rating assigned to the covered bonds issued under CIBC's Legislative Global Covered Bond Programme.
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